Residential Quadplex
4311 Tree Ridge Lane NE Palm Bay, FL 32905
New
4311 Tree Ridge Lane NE, Palm Bay, FL, 32905
$650,000
For Sale
$650,000
MULTI_FAMILY - Palm Bay, FL
Property Size3,480 SF
Lot Size0.61 Acres
Price / SF$186.78
Days on Market2
Property Features for 4311 Tree Ridge Lane NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 1
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 8, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 5
- Fencing
- Fenced
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Standard status
- Active
- APN
- 28-37-28-01-0000b.0-0017.00
- Size
- 3,480 SF
- Lot size
- 0.61 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PINEHURST LOT 17 BLK B
- Tax Annual Amount
- 7943
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Frame, Wood Siding
Listing Agency
LoKation
(954) 545-5583
1500 E Atlantic Blvd., Pompano Beach, FL
Listed by
Craig Micheletti
(321) 288-9703
Added: Jul 20 Checked: Jul 21 at 1:06 am
MLS# 1082904
Listing URL
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.
Investment Insights
Based on property information with market context.
This well-kept quadplex contains four residential units and is described as having long-term tenants. Two of the four units have been completely remodeled and updated, and the property is presented as producing current monthly income.
The property is located in NE Palm Bay, Brevard County, Florida, on a 0.61-acre lot.
With a total size of 3,480 square feet, the offering is positioned as a residential income property featuring both updated and existing unit interiors within the same building.
The property is located in NE Palm Bay, Brevard County, Florida, on a 0.61-acre lot.
With a total size of 3,480 square feet, the offering is positioned as a residential income property featuring both updated and existing unit interiors within the same building.
Key Highlights
- Quadplex with long‑term tenants; currently $5,700/month income with $6,000/month rental income potential
- 4 units total; 2 of the 4 units have been completely remodeled and updated
- Built in 1984 with frame construction and wood siding
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Well-kept quadplex with four units and long-term tenants, with two units remodeled and updated.
Where is this quadplex located?
The property is located at 4311 Tree Ridge Lane 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: Quadplex with long‑term tenants; currently $5,700/month income with $6,000/month rental income potential; 4 units total; 2 of the 4 units have been completely remodeled and updated; Built in 1984 with frame construction and wood siding
