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    Palm Bay, FL
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    Palm Bay, FL Apartment Buildings for Sale

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    Melbourne, FL Malabar, FL Melbourne Beach, FL
    Six-Unit Condo Income Property
    Updated: May 11
    Six-Unit Condo Income Property

    1656 Sunny Brook Lane NE, Palm Bay, FL 32905

    $999,000
    5,484 sqft · 0.06 AC lot
    Six fully rented 3‑bedroom, 2‑bath condos with positive cash flow
    Interior laundry in each unit with stacked washer/dryer
    HOA dues are $367 per unit and include water, sewer, master insurance, cable, internet, grounds maintenance, and pool maintenance
    2025 roof replacement plus scheduled exterior painting in May 2026
    A/C replaced in five condos between 2020‑2022; sixth unit inspected and functioning well
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    This listing looks promising.

    Here's a quick look at some key insights for

    1656 Sunny Brook Lane NE, Palm Bay, FL 32905

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    • Est. Cap Rate

      5.7%
      NOI ÷ price

    • Est. NOI

      $57K
      Annual

    • Price @ 7% Cap

      $817K
      Suggested

    • Property Type

      Condominium
      Built 1984
    View Property Analytics
    Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 1 Active listings in Palm Bay, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 22 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Six-Unit Multifamily Property
    Six-Unit Multifamily Property

    7522 Magnolia Avenue, Cape Canaveral, FL 32920

    $1,050,000
    3,872 sqft · 0.14 AC lot

    Well-kept six-unit complex with 2-bedroom layouts, outdoor space, and recent renovations alongside newer mechanicals.

    View details
    Cape Canaveral Multifamily Investment Property
    Cape Canaveral Multifamily Investment Property

    404 HARRISON Ave, Cape Canaveral, FL 32920

    $2,200,000
    0.29 AC lot

    Well-located 12-unit multifamily property, two blocks from the ocean.

    View details
    Apartment Investment Near Florida Tech
    Apartment Investment Near Florida Tech

    150 & 220 E University Blvd, Melbourne, FL 32901

    $30,000,000

    Value-add property near Florida Tech with significant capital improvements.

    View details
    Proposed Mixed-Use Development Site
    Proposed Mixed-Use Development Site

    3999 S Babcock St #5, Melbourne, FL 32901

    Contact for pricing
    374,616 sqft

    Sustainable mixed-use development site in Melbourne City Center.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Lot in Treasure Island
    Waterfront Lot in Treasure Island

    141 104TH AVENUE, Treasure Island, FL 33706

    $2,225,000
    0.34 AC lot

    Waterfront lot zoned for multifamily residential use in Treasure Island.

    View details
    Prime Miami Development Opportunity
    Prime Miami Development Opportunity

    2801 NW 102nd St, Miami, FL 33165

    $4,350,000
    0.96 AC lot

    Rare 1-acre parcel in Miami, pre-approved for 80+ units.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft · 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details

    Off-Market Properties in Palm Bay, FL

    Consider similar Off-Market properties in Palm Bay, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1824 Pinewood NE Dr, Unit 5
    APARTMENT HOUSE (5+ UNITS)

    1824 Pinewood NE Dr, Palm Bay, FL 32905-2943

    Unit 5
    $820,000
    Estimated value
    6,600 sqft · 13.01 AC lot
    View details
    1400 Baytree NE Dr
    APARTMENT HOUSE (5+ UNITS)

    1400 Baytree NE Dr, Palm Bay, FL 32905-3982

    $1,935,000
    Estimated value
    9,276 sqft · 1.13 AC lot
    View details
    441 Mercury Ave Serth
    APARTMENT HOUSE (5+ UNITS)

    441 Mercury Ave Serth, Palm Bay, FL 32909-3965

    $780,000
    Estimated value
    7,190 sqft · 1.61 AC lot
    View details
    4700 Dixie NE Hwy
    APARTMENT HOUSE (5+ UNITS)

    4700 Dixie NE Hwy, Palm Bay, FL 32905-6047

    $12,975,000
    Estimated value
    76,534 sqft · 4.33 AC lot
    View details
    825 Briar Crk NE Blvd, Unit 302
    APARTMENT HOUSE (5+ UNITS)

    825 Briar Crk NE Blvd, Palm Bay, FL 32905-5449

    Unit 302
    Value Estimation by Request
    19,777 sqft · 12.75 AC lot
    View details
    1800 Mogra NE Cir, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    1800 Mogra NE Cir, Palm Bay, FL 32905-3047

    Unit 1
    Value Estimation by Request
    31,536 sqft · 11.04 AC lot
    View details
    499 Mercury SE Ave
    APARTMENT HOUSE (5+ UNITS)

    499 Mercury SE Ave, Palm Bay, FL 32909-3400

    $1,425,000
    Estimated value
    7,126 sqft · 1.59 AC lot
    View details
    2181 Agora SE Cir
    APARTMENT HOUSE (5+ UNITS)

    2181 Agora SE Cir, Palm Bay, FL 32909-3510

    $910,000
    Estimated value
    11,412 sqft · 1.24 AC lot
    View details
    1870 Agora SE Cir, Unit 202
    APARTMENT HOUSE (5+ UNITS)

    1870 Agora SE Cir, Palm Bay, FL 32909-3907

    Unit 202
    $765,000
    Estimated value
    7,244 sqft · 1.79 AC lot
    View details
    1111 Malabar Lks NE Dr
    APARTMENT HOUSE (5+ UNITS)

    1111 Malabar Lks NE Dr, Palm Bay, FL 32905-4455

    $935,000
    Estimated value
    7,426 sqft · 11.43 AC lot
    View details
    500 Malabar SW Rd
    APARTMENT HOUSE (5+ UNITS)

    500 Malabar SW Rd, Palm Bay, FL 32907-2950

    $1,535,000
    Estimated value
    13,971 sqft · 21.27 AC lot
    View details
    Palm Bay, FL 32905
    APARTMENT HOUSE (5+ UNITS)

    Palm Bay, FL 32905

    Value Estimation by Request
    9.62 AC lot
    View details
    1540 Skippers NE Way
    APARTMENT HOUSE (5+ UNITS)

    1540 Skippers NE Way, Palm Bay, FL 32905-2925

    $3,580,000
    Estimated value
    26,162 sqft · 11.93 AC lot
    View details
    1000 Woodlake NE Dr
    APARTMENT HOUSE (5+ UNITS)

    1000 Woodlake NE Dr, Palm Bay, FL 32905-3207

    $905,000
    Estimated value
    7,253 sqft · 38.03 AC lot
    View details
    100 Larch NE Cir
    APARTMENT HOUSE (5+ UNITS)

    100 Larch NE Cir, Palm Bay, FL 32905-6366

    $1,135,000
    Estimated value
    10,368 sqft · 18.44 AC lot
    View details
    200 Thor SE Ave
    APARTMENT HOUSE (5+ UNITS)

    200 Thor SE Ave, Palm Bay, FL 32909

    $1,090,000
    Estimated value
    11,268 sqft · 1.28 AC lot
    View details
    310 Mercury Ave
    Multifamily properties

    310 Mercury Ave, Palm Bay, FL 32909

    Value Estimation by Request
    View details
    440 Thor Ave
    Multifamily properties

    440 Thor Ave, Palm Bay, FL 32909

    Value Estimation by Request
    View details
    420 Mercury Ave
    Multifamily properties

    420 Mercury Ave, Palm Bay, FL 32909

    Value Estimation by Request
    View details
    300 Mercury SE Ave
    APARTMENT HOUSE (5+ UNITS)

    300 Mercury SE Ave, Palm Bay, FL 32909-3987

    $1,390,000
    Estimated value
    15,248 sqft · 2.01 AC lot
    View details
    1250 Belfry SE Ln
    APARTMENT HOUSE (5+ UNITS)

    1250 Belfry SE Ln, Palm Bay, FL 32909-2251

    $885,000
    Estimated value
    6,828 sqft · 23.10 AC lot
    View details
    Palm Bay, FL 32905
    HIGH-RISE APARTMENTS

    Palm Bay, FL 32905

    $8,865,000
    Estimated value
    119,426 sqft · 15.72 AC lot
    View details

    Palm Bay, FL Apartment Buildings Market Trends and Statistics

    Explore 23 apartment buildings for sale in Palm Bay, FL on our real estate platform. These investment opportunities span a total of 5,484 square feet of properties for sale, with an estimated market value of $999,000.

    Sale prices for two-family homes in Palm Bay, FL start at $999,000, averaging $999,000, and reaching up to $999,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 127K
    Population Growth (5Y) +14.5%
    Median Household Income $69,818
    College Educated 17.7%

    High-Yield Neighborhoods for Investment

    Identify Palm Bay submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32905 $999K

    Taxes & Financing

    Tax Rate (average for all types) 1.66%
    Property Tax per SF $40.00 per SF
    Tax Rate vs County Average 0.21 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Brevard County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Brevard County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Palm Bay fall within the 100,000+ square foot range.

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