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    Palm Bay, FL
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    Palm Bay, FL Multifamily Properties for Sale

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    Melbourne, FL Malabar, FL Melbourne Beach, FL
    Turnkey Investment Condo Portfolio
    $999,000
    5,484 SF

    Turnkey Investment Condo Portfolio

    1656 Sunny Brook Lane NE, Palm Bay, FL 32905

    Six fully rented condos with recent updates and positive cashflow.

    • Turnkey investment: Six fully rented condos generating positive cash flow.
    • Recent renovations: New appliances, bathroom tile, and flooring upgrades.
    • Low maintenance: HOA covers water, sewer, insurance, cable, internet, grounds, and pool.
    • Updated systems: A/C units recently replaced in five units.
    • Interior laundry: Each unit includes a laundry room with a stacked washer/dryer.
    Updated: May 11
    View details
    Palm Bay Multifamily Development Land
    $720,000
    1.97 Acres

    Palm Bay Multifamily Development Land

    1460 Par Street NE, Palm Bay, FL 32907

    1.97 acre multifamily lot zoned for up to 25 units.

    • 1.97 acre lot zoned RM 15 Multi‑family allowing up to 25 units.
    • Located in a quiet neighborhood in the Port Malabar Country Club area.
    • Ideal multifamily location, situated between townhouses and condos.
    • City water and city sewer available.
    • Road and utility infrastructure in place.
    Updated: Sep 20, 2024
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    55+ Community in Palm Bay
    $40,000

    55+ Community in Palm Bay

    Gated 55+ community with resident-owned homes and amenities.

    1183 Greenview Court NE, Palm Bay, FL 32907
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    Based on your search, we've compiled 39 Potential Opportunities for your consideration. Besides 3 Active listings in Palm Bay, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Beachside Duplex with Income Potential
    $539,900
    1,824 SF

    Beachside Duplex with Income Potential

    Concrete block duplex near beach, ideal for investors or owner-occupants.

    574 Grant Avenue, Satellite Beach, FL 32937
    View details
    Mixed-Use 4-Plex in Satellite Beach
    $979,000
    4,550 SF

    Mixed-Use 4-Plex in Satellite Beach

    Income-producing 4-plex with residential and commercial units near the beach.

    565 Jackson Avenue, Satellite Beach, FL 32937
    View details
    Apartment Investment Near Florida Tech
    $30,000,000

    Apartment Investment Near Florida Tech

    Value-add property near Florida Tech with significant capital improvements.

    150 & 220 E University Blvd, Melbourne, FL 32901
    View details
    Proposed Mixed-Use Development Site
    Contact for pricing
    374,616 SF

    Proposed Mixed-Use Development Site

    Sustainable mixed-use development site in Melbourne City Center.

    3999 S Babcock St #5, Melbourne, FL 32901
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Recreational Land Near St Cloud
    Contact for pricing
    1.25 Acres

    Recreational Land Near St Cloud

    1.25 acre recreational lot perfect for outdoor activities.

    Saint Cloud, FL 34771
    View details
    Vacant Land in St. Cloud
    Contact for pricing

    Vacant Land in St. Cloud

    Vacant land available in St. Cloud, Florida.

    Saint Cloud, FL 34771
    View details
    Waterfront Lot on Canal
    $95,000
    0.07 Acres

    Waterfront Lot on Canal

    Waterfront vacant lot on canal leading to Lake Center.

    Saint Cloud, FL 34771
    View details
    Hutchinson Island Land For Sale
    $190,000

    Hutchinson Island Land For Sale

    Land available on Hutchinson Island, suitable for development.

    5306 Keel Way, Hutchinson Island, FL 34949
    View details

    Off-Market Properties in Palm Bay, FL

    Consider similar Off-Market properties in Palm Bay, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2840 Cheemaun NE Ave
    MOBILE HOME PARK, TRAILER PARK
    995 SF Lot: 1.12 Acres
    Value Estimation by Request

    2840 Cheemaun NE Ave, Palm Bay, FL 32905

    View details
    1824 Pinewood NE Dr, Unit 5
    APARTMENT HOUSE (5+ UNITS)
    6,600 SF Lot: 13.01 Acres
    Estimated value
    $820,000
    Unit 5

    1824 Pinewood NE Dr, Palm Bay, FL 32905-2943

    View details
    1400 Baytree NE Dr
    APARTMENT HOUSE (5+ UNITS)
    9,276 SF Lot: 1.13 Acres
    Estimated value
    $1,935,000

    1400 Baytree NE Dr, Palm Bay, FL 32905-3982

    View details
    441 Mercury Ave Serth
    APARTMENT HOUSE (5+ UNITS)
    7,190 SF Lot: 1.61 Acres
    Estimated value
    $780,000

    441 Mercury Ave Serth, Palm Bay, FL 32909-3965

    View details
    4700 Dixie NE Hwy
    APARTMENT HOUSE (5+ UNITS)
    76,534 SF Lot: 4.33 Acres

    4700 Dixie NE Hwy, Palm Bay, FL 32905-6047

    View details
    825 Briar Crk NE Blvd, Unit 302
    APARTMENT HOUSE (5+ UNITS)
    19,777 SF Lot: 12.75 Acres
    Value Estimation by Request
    Unit 302

    825 Briar Crk NE Blvd, Palm Bay, FL 32905-5449

    View details
    1800 Mogra NE Cir, Unit 1
    APARTMENT HOUSE (5+ UNITS)
    31,536 SF Lot: 11.04 Acres
    Value Estimation by Request
    Unit 1

    1800 Mogra NE Cir, Palm Bay, FL 32905-3047

    View details
    499 Mercury SE Ave
    APARTMENT HOUSE (5+ UNITS)
    7,126 SF Lot: 1.59 Acres
    Estimated value
    $1,425,000

    499 Mercury SE Ave, Palm Bay, FL 32909-3400

    View details
    2181 Agora SE Cir
    APARTMENT HOUSE (5+ UNITS)
    11,412 SF Lot: 1.24 Acres
    Estimated value
    $910,000

    2181 Agora SE Cir, Palm Bay, FL 32909-3510

    View details
    1870 Agora SE Cir, Unit 202
    APARTMENT HOUSE (5+ UNITS)
    7,244 SF Lot: 1.79 Acres
    Estimated value
    $765,000
    Unit 202

    1870 Agora SE Cir, Palm Bay, FL 32909-3907

    View details
    1111 Malabar Lks NE Dr
    APARTMENT HOUSE (5+ UNITS)
    7,426 SF Lot: 11.43 Acres
    Estimated value
    $935,000

    1111 Malabar Lks NE Dr, Palm Bay, FL 32905-4455

    View details
    500 Malabar SW Rd
    APARTMENT HOUSE (5+ UNITS)
    13,971 SF Lot: 21.27 Acres
    Estimated value
    $1,535,000

    500 Malabar SW Rd, Palm Bay, FL 32907-2950

    View details
    2744 Myers NE Dr
    MOBILE HOME PARK, TRAILER PARK
    627 SF Lot: 0.67 Acres
    Value Estimation by Request

    2744 Myers NE Dr, Palm Bay, FL 32905-2712

    View details
    Palm Bay, FL 32905
    APARTMENT HOUSE (5+ UNITS)
    Lot: 9.62 Acres
    Value Estimation by Request

    Palm Bay, FL 32905

    View details
    1540 Skippers NE Way
    APARTMENT HOUSE (5+ UNITS)
    26,162 SF Lot: 11.93 Acres
    Estimated value
    $3,580,000

    1540 Skippers NE Way, Palm Bay, FL 32905-2925

    View details
    2800 Hiawatha NE Ave
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.95 Acres
    Value Estimation by Request

    2800 Hiawatha NE Ave, Palm Bay, FL 32905-3656

    View details
    1000 Woodlake NE Dr
    APARTMENT HOUSE (5+ UNITS)
    7,253 SF Lot: 38.03 Acres
    Estimated value
    $905,000

    1000 Woodlake NE Dr, Palm Bay, FL 32905-3207

    View details
    100 Larch NE Cir
    APARTMENT HOUSE (5+ UNITS)
    10,368 SF Lot: 18.44 Acres
    Estimated value
    $1,135,000

    100 Larch NE Cir, Palm Bay, FL 32905-6366

    View details
    200 Thor SE Ave
    APARTMENT HOUSE (5+ UNITS)
    11,268 SF Lot: 1.28 Acres
    Estimated value
    $1,090,000

    200 Thor SE Ave, Palm Bay, FL 32909

    View details
    1183 Greenview Ct
    Multifamily properties

    1183 Greenview Ct, Palm Bay, FL 32907

    View details
    441 Holiday Park Blvd
    Multifamily properties
    Value Estimation by Request

    441 Holiday Park Blvd, Palm Bay, FL 32907

    View details

    Palm Bay, FL Multifamily Properties Investment Opportunities Market Analysis

    Explore 31 multifamily properties for sale in Palm Bay, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,484 square feet of properties for sale, with an estimated market value of $999,000.

    Sale prices for multifamily properties in Palm Bay, FL start at $999,000, averaging $999,000, and reaching up to $999,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 2
    Mobile home & RV parks 1

    Property Size Breakdown

    The majority of commercial real estate listings in Palm Bay fall within the 100,000+ square foot range.

    Demographics Overview

    Population 127K
    Population Growth (5Y) +14.5%
    Median Household Income $69,818
    College Educated 17.7%

    High-Yield Neighborhoods for Investment

    Identify Palm Bay submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    32907 $380K
    32905 $999K

    Taxes & Financing

    Tax Rate (average for all types) 1.66%
    Property Tax per SF $40.00 per sq ft
    Tax Rate vs County Average 0.21 pp above county avg
    Average Loan-to-Value 65.0%

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