Remodeled
For Sale
$609,000
2012 Tree Ridge Lane NE, Palm Bay, FL 32905
Residential Income, Palm Bay, FL
Property Size3,516 SF
Lot Size0.43 Acres
Price / SF$173.21
Days on Market107
Property Features for 2012 Tree Ridge Lane NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 7
Subdivision
Pinehurst Gardens
Middle school
Stone
High school
Palm Bay
Directions
turn right onto Dawn St, turn left onto Forest Knoll, turn left onto Tree Ridge, house on right side
Standard status
Active
APN
28-37-28-01-0000a.0-0007.00
Size
3,516 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINEHURST LOT 7 BLK A
Tax Annual Amount
8162
Legal Description
PINEHURST LOT 7 BLK A
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Building materials
Frame, Stucco
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Craig Micheletti
(321) 288-9703
Added: Jul 5
Changed: Oct 17
Last Checked: Oct 19 at 3:06AM
MLS# 1081730
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit residential income property in Palm Bay contains 3,516 square feet across a 0.43-acre parcel. Built in 1984, the building has frame and stucco construction and has been remodeled. Each of the four units is rented. Central electric heating and air conditioning serve the property.
The site has public water and sewer service, with cable available. Located in Brevard County, the property is identified by the address 2012 Tree Ridge Lane NE, Palm Bay, FL 32905.
The site has public water and sewer service, with cable available. Located in Brevard County, the property is identified by the address 2012 Tree Ridge Lane NE, Palm Bay, FL 32905.
Key Highlights
- Four residential units; all are rented
- 3,516 square feet on a 0.43‑acre parcel
- Remodeled property, built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,252
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,040
$825.0K
Cap Rate 7%
$589,314
$589.3K
Cap Rate 9%
$458,356
$458.4K
Market Conditions
NOI Build-Up for 3,516 SF
Gross rent
$63.7K $18.12/SF
− Vacancy
−$4.8K −$1.36/SF
EGI
$58.9K $16.76/SF
− OpEx
−$17.7K −$5.03/SF
NOI
$41.3K $11.73/SF
Area
Palm Bay, FL
Vacancy
7.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,040
Cap Rate 7%
$589,314
Cap Rate 9%
$458,356
Alternative Uses
Best Use
Multifamily LT 5
$589.3K
$515.7K – $687.5K
NOI $41,252 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$523.5K
$458.1K – $610.8K
NOI $36,646 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$927.6K
$811.7K – $1.08M
NOI $64,933 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 32905, FL
26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are currently leased, with central heating and air conditioning serving the property.
Where is this quadplex located?
The property is located at 2012 Tree Ridge Lane NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Four residential units; all are rented; 3,516 square feet on a 0.43‑acre parcel; Remodeled property, built in 1984
