Updated Four-Unit
For Sale
Under Contract
$629,000
4311 Tree Ridge Lane NE, Palm Bay, FL 32905
Residential Income, Palm Bay, FL
Property Size3,480 SF
Lot Size0.61 Acres
Price / SF$180.75
Days on Market95
Property Features for 4311 Tree Ridge Lane NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 7, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 8
Fencing
Fenced
Appliances
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Subdivision
Pinehurst
Middle school
Stone
High school
Palm Bay
Directions
turn right onto Dawn St, turn left onto Forest Knoll, turn left onto Tree Ridge, take the first right, and the the house is on the right side
Standard status
Active Under Contract
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
Legal Description
PINEHURST LOT 17 BLK B
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
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
Listed By:
Craig Micheletti
(321) 288-9703
Added: Jul 20
Changed: Oct 17
Last Checked: Oct 22 at 7:06PM
MLS# 1082904
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 property contains 3,480 square feet on a 0.61-acre parcel. Built in 1984 with frame construction and wood siding, the building includes two residences that have been remodeled and updated. Central electric heating and central air conditioning serve the property, while the unit features include electric ranges, refrigerators, microwaves, dishwashers, and electric water heaters.
The property is located at 4311 Tree Ridge Lane NE in Palm Bay, Florida, within ZIP Code 32905. Fenced grounds, public water, public sewer, and cable availability are provided. The property also has long-term tenants, offering an established occupancy profile for a multifamily buyer.
The property is located at 4311 Tree Ridge Lane NE in Palm Bay, Florida, within ZIP Code 32905. Fenced grounds, public water, public sewer, and cable availability are provided. The property also has long-term tenants, offering an established occupancy profile for a multifamily buyer.
Key Highlights
- Four‑unit quadplex with 3,480 square feet
- Two of the four units remodeled and updated
- Situated on a 0.61‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,830
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,600
$816.6K
Cap Rate 7%
$583,286
$583.3K
Cap Rate 9%
$453,667
$453.7K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$63.1K $18.12/SF
− Vacancy
−$4.7K −$1.36/SF
EGI
$58.3K $16.76/SF
− OpEx
−$17.5K −$5.03/SF
NOI
$40.8K $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%
$816,600
Cap Rate 7%
$583,286
Cap Rate 9%
$453,667
Alternative Uses
Best Use
Multifamily LT 5
$583.3K
$510.4K – $680.5K
NOI $40,830 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$518.2K
$453.4K – $604.5K
NOI $36,271 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$918.1K
$803.4K – $1.07M
NOI $64,269 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing four-unit property with two renovated residences, central HVAC, fenced grounds, and public utilities.
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 $629,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,480 square feet; Two of the four units remodeled and updated; Situated on a 0.61‑acre parcel
