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2581 Spence Drive NE Palm Bay, FL $ 599,999
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2581 Spence Drive NE
$ 599,999
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2581 Spence Drive NE

Palm Bay, FL, 32905
$ 599,999
Bedrooms7 Baths6.0 Sq 2,458

Monthly Estimate*

$ 3,694

2581 Spence Drive NE, Palm Bay, FL 32905 - Image 1
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 2
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 3
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 4
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 5
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 6
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 7
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 8
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 9
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 10
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 11
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 12
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 13
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 14
2581 Spence Drive NE, Palm Bay, FL 32905 - Image 15

Multi-Family Home for sale in Palm Bay, FL

for $599,999 with 7 bedrooms and 6 full baths. This 2,458 square foot home was built in 1958 on a lot size of 0.22.

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.

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Multi-Family Active

Price

$ 599,999

Bedrooms

7

Full Bath

6

Property Type

Multi-Family

Taxes

$ 3,229

Style

Multi Family

Lot Size

0.22

Year Built

1958

Town/City

Palm Bay

County/Region

Brevard

MLS | Web ID

1065407
Features
General
Living Area 2458.0
Sewer Public Sewer
Heating Central
Cooling Central Air Wall/Window Unit(s)
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Garage Spaces 1.0
Construction Materials Block Concrete Frame Stucco
Year Built 1958
Stories Count 1
Levels One
Property Subtype Multi Family
Tax Year 2025
Current Use Residential
Additional Parcels Description 2825766
County Brevard
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Garage Y/N Y
Full Baths 6
Status Active
Directions US Highway 1 to Spence Dr right across from Honda dealership.
High School Palm Bay
City Palm Bay
Senior Community Y/N N
Zoning Description Multi Family
Number Of Units Total 6
MLS Area 340 - NE Palm Bay
Lot Size Units Acres
Lot Size Square Feet 9583.0
Carport Y/N N
Elementary School Palm Bay Elem
Tax Annual Amount 3229.92
Home Warranty Y/N N
Middle/Junior High School Stone
Lease Renewal Y/N N
MLS Area Minor 340 - NE Palm Bay
Lease Considered Y/N N
Standard Status Active
Legal Description FARVIEW SUBD REPLAT OF PT OF LOT 2 BLK F
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Interior
Furnished Y/N Unfurnished
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Common Area
Total Bedrooms 7
Total Baths 6
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Exterior
Fencing Chain Link Fenced Wood
Parking Features Additional Parking Garage Off Street
Water Source Public
Lot Size Area 0.22
Number of Buildings 2
Spa N
Lot Size Acres 0.22
Waterfront Y/N N
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2581
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* Excluded Features
List By
Blue Marlin Real Estate

Broker

Affordability Calculator

$3,963
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$269
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1362941 Elementary School
1362913 Middle School
Palm Bay High School High School
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Pricing History
DatePricePrice ChangeDescription
1/3/2026$599,999 Listed Price

Map

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2581 Spence Drive NE, Palm Bay, FL, 32905 is a Multi-Family Home for sale at $599,999 with 2,458 sqft and a lot size of 0.22. 2581 Spence Drive NE has 7 bedrooms, 6.0 baths, and was built in 1958. The property's zip code is 32905 which is in Palm Bay, FL

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