2581 Spence Drive
Palm Bay, FL 32905
MLS #: 1065407
Property Type: Multifamily
List Date: 01-02-2026
Year Built: 1958
2,458 Sq. Ft.
Zoning: Multi Family
Property 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.
2581 Spence DrivePalm Bay, FL 32905
This listing is courtesy of Blue Marlin Real Estate.
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