842 Torrence Lane Melbourne, FL 32935
MULTI_FAMILY - Melbourne, FL
Property Features for 842 Torrence Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1
- Parking
- 4
- Parking features
- Off Street, Assigned
- Appliances
- Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
- Standard status
- Pending
- APN
- 27-37-21-50-0000a.0-0007.00
- Size
- 1,026 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MELBOGALLIE SUBD LOT 7 BLK A
- Tax Annual Amount
- 1752
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1947
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing agent Roger L Bukowski (321) 243-4952
Listing office Sunshine Realty Brevard 1600 Sarno Rd., #3, Melbourne, FL (321) 412-0245
Listing date May 30, 2026
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.
The address is 842 Torrence Lane in Melbourne, Florida 32935, in Brevard County. The seller describes the site as being in the heart of Melbourne and notes proximity to Sarno and US 1.
For buyers seeking a flexible arrangement, the current layout supports multiple paths as described in the remarks. The seller states the studio unit could be leased at $925 per month, and the two-bedroom unit is currently at $1,400 per month, for total gross of $2,325 per month ($27,900 per year). The seller also describes options including live-work use, short-term rentals, or conversion to a professional residence such as an office or similar setup. Those interested in a more definitive view of permitted uses and feasibility should verify them based on applicable regulations and the specific operating plan.
Key Highlights
- 1947‑built residential/professional property in Melbourne with 3 bedrooms and 2 bathrooms
- Income details provided: studio at $925/month and 2‑bedroom at $1,400/month; total $2,325/month ($27,900/year)
- Public water and public sewer; cable available
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 | $17.9k | $17.40 |
| − Vacancy | −$1.2k | −$1.13 |
| EGI | $16.7k | $16.27 |
| − OpEx | −$5.0k | −$4.88 |
| NOI | $11.7k | $11.39 |
