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Fourplex Apartment Building
For Lease
$725,000

430 Thor Avenue Southeast, Palm Bay, FL 32909

Four two-bedroom, two-bath units with in-unit washers and dryers, plus a brand-new roof and several newer mechanicals.

Space SizeContact for details
Lot Size0.39 Acres
Days on Market202

Property Features for 430 Thor Avenue Southeast

General Information

Standard status Active
Lot size 0.39 Acres
Property subtype Commercial Sale / Multi Family
Zoning Multi Family

Additional Details

Multifamily Units 4

Amenities

Central
Central Air
8.0
Shingle
Laminate,Tile
4
1

Building Details

Year Built 1986
Tenancy Multi
Listing Agency: Waterman Real Estate, Inc.
Listed By: Jodie Bizarro · License #3457527
Source: Compass
Added: Feb 17 Changed: Aug 8 Last Checked: Jul 22 at 6:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waterman Real Estate, Inc.

Investment Insights

Based on property information with market context.

This fourplex apartment building features four spacious residential units, each with two bedrooms and two full bathrooms. Each unit is equipped with a full-size washer and dryer and includes a dedicated dining room and a spacious living room. Interior finishes include a mixture of laminate and tile, depending on the unit.

The property is located at 430 Thor Avenue Southeast in Palm Bay and is described as served by city sewer. Improvements include a brand-new roof, 1 newer A/C, and 3 newer water heaters.

The building sits on a 0.39-acre lot, providing a defined parcel for the four-unit setup. The listing notes each unit is 960 square feet.

Key Highlights

  • 4‑plex with four 2‑bedroom, 2‑bath units and central heat and central A/C
  • Each unit has 960 sq ft of living space plus a dedicated dining room and spacious living room
  • In‑unit full‑size washer and dryer included in every unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

454
Businesses Nearby

Demographics for 32909, FL

36,789
Population
14,278
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
638
Density / Sq Mi
$76,708
Median Household Income
$36,071
Median Earnings
$1,502
Median Rent
$261,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four two-bedroom, two-bath units with in-unit washers and dryers, plus a brand-new roof and several newer mechanicals.
Where is this quadplex located?
The property is located at 430 Thor Avenue Southeast Palm Bay, FL.
What is the lease rate?
The lease rate is $725,000.
What are key features of this property?
This property features: 4‑plex with four 2‑bedroom, 2‑bath units and central heat and central A/C; Each unit has 960 sq ft of living space plus a dedicated dining room and spacious living room; In‑unit full‑size washer and dryer included in every unit
More about this property
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