Well maintained quadplex in Palm Bay offering solid, steady income with additional upside. The property consists of four two bedroom, one bathroom units, with efficient layouts that have proven consistent rental demand. The units are individually metered and easy to manage, making this an attractive small multifamily asset.
A massive car garage (960sqft) or workshop onsite is currently used for storage and provides supplemental income, with flexibility for future use subject to buyer due diligence. Large parking lot provides plent of spaces for tenants. The property has been actively managed and offers opportunities to improve performance over time without requiring immediate capital investment.
This is a practical acquisition for buyers seeking a true four unit property with strong fundamentals, predictable operations, and long term value creation potential. Financials available upon request. Showings by appointment only. Do not disturb tenants.
Pending
$650,000
2612 Tree Ridge Ln NE, Palm Bay, FL 32905
8beds
3,480sqft
Est.:
Quadruplex
Built in 1984
-- sqft lot
$-- Zestimate®
$187/sqft
$-- HOA
What's special
Large parking lotEfficient layouts
- 25 days |
- 3,313 |
- 188 |
Zillow last checked: 8 hours ago
Listing updated: 21 hours ago
Listed by:
Lindsay Ortagus Norton 321-848-8379,
RE/MAX Solutions
Source: Space Coast AOR,MLS#: 1068168
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Separate Meters
Cooling
- Separate Meters
Appliances
- Included: Dishwasher, Electric Range, Refrigerator, Washer/Dryer Stacked
- Laundry: In Unit
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total interior livable area: 3,480 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, Off Street, Parking Lot, Unassigned
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
Lot
- Size: 0.47 Acres
- Features: Corner Lot
Details
- Additional structures: Workshop
- Additional parcels included: 2836681
- Parcel number: 283728010000a.00006.00
- Special conditions: Owner Licensed RE
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame
- Roof: Shingle
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Not Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters
Community & HOA
Community
- Subdivision: Pinehurst
HOA
- Has HOA: No
Location
- Region: Palm Bay
Financial & listing details
- Price per square foot: $187/sqft
- Tax assessed value: $84,000
- Annual tax amount: $8,162
- Date on market: 2/1/2026
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity, Pest Control, Telephone, Water
- Income includes: Storage
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2026 | Pending sale | $650,000$187/sqft |
Source: Space Coast AOR #1068168 Report a problem | ||
| 2/1/2026 | Listed for sale | $650,000+381.5%$187/sqft |
Source: Space Coast AOR #1068168 Report a problem | ||
| 8/29/2024 | Listing removed | -- |
Source: Space Coast AOR #1021732 Report a problem | ||
| 8/17/2024 | Price change | $1,500-6.3% |
Source: Space Coast AOR #1021732 Report a problem | ||
| 8/9/2024 | Listed for rent | $1,600 |
Source: Space Coast AOR #1021732 Report a problem | ||
| 8/9/2010 | Sold | $135,000-15.1%$39/sqft |
Source: Agent Provided Report a problem | ||
| 5/29/2010 | Listed for sale | $159,000$46/sqft |
Source: ERA Showcase Properties and Inv #570404 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $2,410 +3.2% | $84,000 +5% |
| 2016 | $2,336 | $80,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,838/mo
Principal & interest
$3042
Property taxes
$796
Climate risks
Neighborhood: 32905
Nearby schools
GreatSchools rating
- 8/10Riviera Elementary SchoolGrades: PK-6Distance: 1.2 mi
- 2/10Palm Bay Magnet Senior High SchoolGrades: PK,8-12Distance: 1.7 mi
- 2/10Stone Magnet Middle SchoolGrades: 7-8Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Riviera
- Middle: Stone
- High: Palm Bay
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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