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Pending
    • Price increase: $20K (6/11)
    $565,000

    2581 Spence Dr NE, Palm Bay, FL 32905

    7beds
    2,458sqft
    : 
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    Multi Family
    Built in 1958
    -- sqft lot
    $-- Zestimate®
    $230/sqft
    $-- HOA

    What's special

    Newer roof
    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.
    189 days
    |
    59
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Caleb Jose Gomez 321-294-8873,

    Blue Marlin Real Estate,

    Alba Gomez 321-361-7757,

    Blue Marlin Real Estate

    Source: Space Coast AOR,MLS#: 1065407

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Central
      Cooling
      • Central Air, Wall/Window Unit(s)
      Appliances
      • Laundry: Common Area
      Features
      • Has fireplace: No
      Interior area
      • Total interior livable area: 2,458 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Additional Parking, Garage, Off Street
      • Garage spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Fencing: Chain Link,Fenced,Wood
      Lot
      • Size: 9,583 Square Feet
      Details
      • Additional parcels included: 2825766
      • Parcel number: 283711760000f.00002.00
      • Zoning description: Multi Family
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Block, Concrete, Frame, Stucco
      Condition
      • New construction: No
      • Year built: 1958

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Palm Bay

      Financial & listing details

      • Price per square foot: $230/sqft
      • Tax assessed value: $162,680
      • Annual tax amount: $3,229
      • Date on market: 6/7/2026
      • Listing terms: Cash,Conventional
      • Income includes: Rent Only

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/11/2026Pending sale$565,000+3.7%$230/sqft
        Source: Space Coast AOR #1065407 Report a problem
        6/7/2026Listed for sale$545,000$222/sqft
        Source: Space Coast AOR #1065407 Report a problem
        5/24/2026Pending sale$545,000$222/sqft
        Source: Space Coast AOR #1065407 Report a problem
        5/1/2026Price change$545,000-0.9%$222/sqft
        Source: Space Coast AOR #1065407 Report a problem
        3/23/2026Price change$550,000-4.3%$224/sqft
        Source: Space Coast AOR #1065407 Report a problem
        3/7/2026Price change$574,990-4.2%$234/sqft
        Source: Space Coast AOR #1065407 Report a problem
        1/3/2026Listed for sale$599,999+50%$244/sqft
        Source: Space Coast AOR #1065407 Report a problem
        4/12/2025Listing removed$1,300$1/sqft
        Source: Zillow Rentals Report a problem
        3/19/2025Price change$1,300-3.7%$1/sqft
        Source: Zillow Rentals Report a problem
        2/4/2025Price change$1,350-3.6%$1/sqft
        Source: Zillow Rentals Report a problem
        1/15/2025Price change$1,400-6.7%$1/sqft
        Source: Zillow Rentals Report a problem
        12/12/2024Listed for rent$1,500$1/sqft
        Source: Zillow Rentals Report a problem
        12/11/2024Listing removed$1,500-3.2%$1/sqft
        Source: Zillow Rentals Report a problem
        12/5/2024Listed for rent$1,550$1/sqft
        Source: Zillow Rentals Report a problem
        11/19/2024Listing removed$1,550$1/sqft
        Source: Zillow Rentals Report a problem
        10/30/2024Price change$1,550-3.1%$1/sqft
        Source: Zillow Rentals Report a problem
        10/3/2024Listed for rent$1,600$1/sqft
        Source: Zillow Rentals Report a problem
        12/30/2021Sold$400,000-42.8%$163/sqft
        Source: Space Coast AOR #901734 Report a problem
        12/1/2021Pending sale$699,000$284/sqft
        Source: RE/MAX International #901734 Report a problem
        12/1/2021Contingent$699,000$284/sqft
        Source: Space Coast AOR #901734 Report a problem
        6/9/2021Price change$699,000-12.5%$284/sqft
        Source: Space Coast AOR #901734 Report a problem
        4/9/2021Listed for sale$799,000+219.6%$325/sqft
        Source: RE/MAX International #901734 Report a problem
        3/14/2017Listing removed$250,000$102/sqft
        Source: airRErealty #743782 Report a problem
        1/13/2016Listed for sale$250,000$102/sqft
        Source: Fontaine Property Group #743782 Report a problem
        1/1/2015Listing removed$250,000+495.2%$102/sqft
        Source: Fontaine Property Group, Inc. #707531 Report a problem
        6/27/2012Sold$42,000$17/sqft
        Source: Space Coast AOR #638966 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,230 -3%$162,680 -2.7%
        2024$3,329 +6.1%$167,280 +7.7%
        2023$3,137 +1.6%$155,260 +2.1%
        2022$3,087 +16.9%$152,090 +19.8%
        2021$2,642 +11.4%$126,960 +17.5%
        2020$2,372 -12.6%$108,080 -2.5%
        2019$2,714 $110,890 +0.8%
        2018$2,714 +0.9%$110,000 +4.8%
        2017$2,689 +0.5%$105,000 +7.1%
        2016$2,676 +13.9%$98,000 +4.3%
        2015$2,349 +7.9%$94,000 +9.3%
        2014$2,177 $86,000 +11.7%
        2013-- $77,000 +0.5%
        2012$1,783 -5.2%$76,590 -0.9%
        2011$1,881 -12.7%$77,320 -20.1%
        2010$2,154 -22.5%$96,740 -34.5%
        2008$2,780 -12%$147,800 -15.4%
        2007$3,160 +81.1%$174,800 +22.9%
        2005$1,745 +3.3%$142,240 +39.8%
        2004$1,689 -25.4%$101,740 +4.3%
        2003$2,265 +8.2%$97,530 +8.6%
        2002$2,094 +35.5%$89,770 +32.1%
        2000$1,545 $67,950
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32905

        Getting around

        53 / 100
        Somewhat Walkable
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Palm Bay Elem
        • Middle: Stone
        • High: Palm Bay

        Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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