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Listed price in listed location currency (USD).
$599,999

760

MLS® 1065407

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2458 sqft
Garage Yes
Taxes $3,230
Days Active 3
Lot Size 0.22 acres
Approx. Age 1958
Avg. Price Per Sqft $244
MLS® Number 1065407

Property Address: 2581 Spence Dr Ne, Palm Bay, FL, 32905-2557

Average square foot calculated using Size range provided by listing agent.

Description

Income Producing Property near Downtown Melbourne. Welcome to 2581 Spence Dr, a rare and versatile multi unit property offering immediate income and long term upside. This unique compound style residence is occupied and currently generating rental income, making it an ideal opportunity for investors seeking a stabilized asset in a growing market. The property features a main home with 2 bedrooms, 1 bathroom, and a garage, complemented by five additional rental units that allow for diversified income streams. These include: Unit A: Studio, Unit B: Studio, Unit C: 1-bedroom unit, Unit D: Efficiency unit with a loft, Unit E: Efficiency. Tenants enjoy shared amenities including a central courtyard that creates a welcoming community feel, as well as a dedicated laundry area for added convenience. Major improvements have already been completed, offering peace of mind to the next owner. The property has a newer roof and fencing.
MLS® Number1065407
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.22
Exterior
GarageYes
Approx. Age1958
Basement
DrivewayAdditional Parking, Garage, Off Street
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 3, 2026List Date
$599,999List Price
  • Commute

Commute

Starting Address
Destination Address
2581 Spence Dr Ne, Palm Bay, FL

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