Updated
For Sale
$650,000
4311 Tree Ridge Ln Ne, Palm Bay, FL 32905
Four-unit property includes two remodeled residences and established tenancy.
Property Size3,480 SF
Price / SF$186.78
Days on Market14
Property Features for 4311 Tree Ridge Ln Ne
General Information
Standard status
Active
Size
3,480 SF
Property subtype
Residential Income
Additional Details
Gross Income
$68,400
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
LoKation
(321) 288-9703
Listed By:
Craig Micheletti
(321) 288-9703
Source:
Exprealty
Added: Jul 20
Changed: Jul 31
Last Checked: Jul 31 at 5:05PM
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 LoKation
Investment Insights
Based on property information with market context.
This 3,480-square-foot quadplex contains four units, with two units completely remodeled and updated. The property has long-term tenants and is positioned as a residential income property in NE Palm Bay, Florida.
Located at 4311 Tree Ridge Ln NE, the building offers an established four-unit configuration with ongoing tenant occupancy. The maintained condition and completed updates to half of the units provide clear physical details for evaluating the property as a multifamily asset.
Located at 4311 Tree Ridge Ln NE, the building offers an established four-unit configuration with ongoing tenant occupancy. The maintained condition and completed updates to half of the units provide clear physical details for evaluating the property as a multifamily asset.
Key Highlights
- Four‑unit quadplex in NE Palm Bay, Florida
- 3,480‑square‑foot building
- Two of the 4 units completely remodeled and updated
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.1k | $18.12 |
| − Vacancy | −$4.7k | −$1.36 |
| EGI | $58.3k | $16.76 |
| − OpEx | −$17.5k | −$5.03 |
| NOI | $40.8k | $11.73 |
3,480 SF · lease $18.12/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$583.3K
$510.4K – $680.5K
NOI $40,830 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$518.2K
$453.4K – $604.5K
NOI $36,271 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$918.1K
$803.4K – $1.07M
NOI $64,269 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property includes two remodeled residences and established tenancy.
Where is this quadplex located?
The property is located at 4311 Tree Ridge Ln Ne Palm Bay, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit quadplex in NE Palm Bay, Florida; 3,480‑square‑foot building; Two of the 4 units completely remodeled and updated
