Palm Bay FL Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2025
Baths:
MLS#:
S5121180
Subdivision:
Port Malabar Un 46

ADDITIONAL INFORMATION

Under Construction. Construction Completed. Discover an exceptional brand new investment opportunity in Palm Bay—a true unicorn in today’s market! This rare and unique golden opportunity offers complete privacy between units, making it perfect for investors looking to live in one unit and rent the other for steady, passive income. With no HOA or CDD restrictions, you can enjoy the freedom to truly make this property your own with the least amount of expenses… more money for your pocket! Inside, every detail has been thoughtfully upgraded. Both units feature modern luxury with elegant luxury vinyl plank flooring, stainless steel appliances, and large format tile that exudes sophistication. The contemporary design is enhanced by darks and brass fixtures, wood shaker cabinets, quartz and butcher block countertops, and all LED ceiling lights. Impact windows and doors, a tankless water heater, and recent updates throughout ensure comfort and peace of mind for years to come. Step outside to a massive backyard—a blank canvas perfect for outdoor entertaining or future enhancements. Located less than 2 miles from Waterstone, the new Publix Shopping Center, and surrounded by exciting new developments, this property combines convenience with high-income potential. Seize this unique opportunity in Palm Bay and capitalize on a duplex that stands apart from the rest!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.41 Acres
Baths:
MLS#:
1037599
Subdivision:
Port Malabar Unit 46

ADDITIONAL INFORMATION

Investor Developer Opportunity! Selling a partially-completed concrete block 2-story duplex in SE Palm Bay. Construction on the 1st floor is completed and waiting for you to take over and enjoy the benefits of completing this project. Existing plans will transfer. Complete the construction and either live in one and rent the other or sell both and make a large profit! Take advantage of this opportunity now!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2025
Baths:
MLS#:
S5120245
Subdivision:
Port Malabar Unit 46

ADDITIONAL INFORMATION

Discover an exceptional brand new investment opportunity in Palm Bay—a true unicorn in today’s market! This rare and unique golden opportunity offers complete privacy between units, making it perfect for investors looking to live in one unit and rent the other for steady, passive income. With no HOA or CDD restrictions, you can enjoy the freedom to truly make this property your own with the least amount of expenses… more money for your pocket! Inside, every detail has been thoughtfully upgraded. Both units feature modern luxury with elegant luxury vinyl plank flooring, stainless steel appliances, and large format tile that exudes sophistication. The contemporary design is enhanced by darks and brass fixtures, wood shaker cabinets, quartz and butcher block countertops, and all LED ceiling lights. Impact windows and doors, a tankless water heater, and recent updates throughout ensure comfort and peace of mind for years to come. Step outside to a massive backyard—a blank canvas perfect for outdoor entertaining or future enhancements. Located less than 2 miles from Waterstone, the new Publix Shopping Center, and surrounded by exciting new developments, this property combines convenience with high-income potential. Seize this unique opportunity in Palm Bay and capitalize on a duplex that stands apart from the rest!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
2025
Baths:
MLS#:
S5120257
Subdivision:
Port Malabar Unit 46

ADDITIONAL INFORMATION

Discover an exceptional brand new investment opportunity in Palm Bay—a true unicorn in today’s market! This rare and unique golden opportunity offers complete privacy between units, making it perfect for investors looking to live in one unit and rent the other for steady, passive income. With no HOA or CDD restrictions, you can enjoy the freedom to truly make this property your own with the least amount of expenses… more money for your pocket! Inside, every detail has been thoughtfully upgraded. Both units feature modern luxury with elegant luxury vinyl plank flooring, stainless steel appliances, and large format tile that exudes sophistication. The contemporary design is enhanced by darks and brass fixtures, wood shaker cabinets, quartz and butcher block countertops, and all LED ceiling lights. Impact windows and doors, a tankless water heater, and recent updates throughout ensure comfort and peace of mind for years to come. Step outside to a massive backyard—a blank canvas perfect for outdoor entertaining or future enhancements. Located less than 2 miles from Waterstone, the new Publix Shopping Center, and surrounded by exciting new developments, this property combines convenience with high-income potential. Seize this unique opportunity in Palm Bay and capitalize on a duplex that stands apart from the rest!

Type:
Duplex
Sq.Ft.:
3,400
Status:
Active
Beds:
6
Lot size:
0.43 Acres
Year built:
2025
Baths:
4.00
MLS#:
1036734
Subdivision:
Port Malabar Unit 46

ADDITIONAL INFORMATION

Discover am exceptional brand new investment opportunity in Palm Bay - A true unicorn in today's market! This rare and unique golden opportunity offers complete privacy between units. Ideal for investors seeking passive income by living in one unit and renting the other for steady, passive income. With no HOA or CDD fees, you will maximize your earnings - More money for your pocket! Inside, both units boast luxury finishes, including vinyl plank flooring, large format tile, quartz and butcher block countertops, stylish black and brass fixtures and wood shaker cabinets. Additional features like impact windows and doors, LED lighting, and a tankless water heater ensure long-term comfort and efficiency. The spacious backyard provides endless possibilities for outdoor living or future upgrades. Conveniently located near Waterstone, the new Publix Shopping Center, and thriving developments, this duplex offers both prime location and high-income potential. Don't miss this unique investment!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Lot size:
0.28 Acres
Year built:
2025
Baths:
4.00
MLS#:
1036732
Subdivision:
Port Malabar Unit 46

ADDITIONAL INFORMATION

Discover am exceptional brand new investment opportunity in Palm Bay - A true unicorn in today's market! This rare and unique golden opportunity offers complete privacy between units. Ideal for investors seeking passive income by living in one unit and renting the other for steady, passive income. With no HOA or CDD fees, you will maximize your earnings - More money for your pocket! Inside, both units boast luxury finishes, including vinyl plank flooring, large format tile, quartz and butcher block countertops, stylish black and brass fixtures and wood shaker cabinets. Additional features like impact windows and doors, LED lighting, and a tankless water heater ensure long-term comfort and efficiency. The spacious backyard provides endless possibilities for outdoor living or future upgrades. Conveniently located near Waterstone, the new Publix Shopping Center, and thriving developments, this duplex offers both prime location and high-income potential. Don't miss this unique investment

Type:
Duplex
Sq.Ft.:
4,392
Status:
Active
Beds:
8
Lot size:
0.52 Acres
Year built:
2024
Baths:
4.00
MLS#:
1036674
Subdivision:
Port Malabar Unit 46

ADDITIONAL INFORMATION

Discover the ideal chance to invest in a newly constructed duplex and start earning rental income. This energy-efficient property boasts 4 bedrooms, 2 bathrooms, and a 2-car garage on each side. Enjoy premium features like tile flooring throughout, impact doors and windows, and luxurious tile in the bathrooms. The kitchen comes equipped with stainless steel appliances and stunning granite countertops. The owner's suite offers his and her walk-in closets, while each unit benefits from its own dedicated septic system. Don't miss out on this incredible opportunity—contact us today to schedule a tour of this beautiful duplex!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.61 Acres
Baths:
MLS#:
1029644
Subdivision:
Port Malabar Unit 40

ADDITIONAL INFORMATION

Prime Multi-Family Residential Vacant Land - Shovel Ready 8-Unit Building Plan. - Zoning: RM-20, up to 20 units per acre. - A fully engineered 8 unit site plan with building plans are included w/ sale. - Size: 0.61 acres, platted and ready for development. - Utilities: City water and sewer connections available for hookup. - Dimensions: 100 feet of frontage with a depth of 260 feet (approx.). Seize this incredible opportunity to purchase a fully approved, shovel-ready plan for an 8-unit apartment building. Located just minutes from Palm Bay Hospital, Eastern Florida State College, Home Depot, Chick-fil-A, Lowe's, and I-95, this prime parcel of land offers unmatched convenience and accessibility. Best of all, it's only a short distance to the stunning east coast of Florida, with direct access to the Indian River and Atlantic Ocean. Ideal for developers and investors, this vacant lot provides a rare, ready-to-build site. Easy access to essential amenities and infrastructure. With approvals in place, you can start construction almost immediately. Don't miss out on this fantastic opportunity! Renderings of the approved 8 unit apartments are shown in the photos.

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Andrea Conner, License #BK3437731, Xome Inc., License #1043756, AndreaD.Conner@Xome.com, 844-400-9663, 750 State Hwy 121 Bypass, Suite 100, Lewisville, TX 75067

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Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2025, My Florida Regional MLS DBA Stellar MLS.

Andrea Conner, License #BK3437731, Xome Inc., License #1043756, AndreaD.Conner@Xome.com, 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Space Coast Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than the owner of this site are marked with the Space Coast Association of REALTORS®, Inc. logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Space Coast Association of REALTORS®, Inc. All rights reserved.




Palm Bay Real Estate

The median home value in Palm Bay, FL is $330,000. This is lower than the county median home value of $357,500. The national median home value is $338,100. The average price of homes sold in Palm Bay, FL is $330,000. Approximately 70.99% of Palm Bay homes are owned, compared to 19.7% rented, while 9.32% are vacant. Palm Bay real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Palm Bay real estate agent to arrange a tour today!

Palm Bay, Florida 32909 has a population of 118,709. Palm Bay 32909 is more family-centric than the surrounding county with 27.91% of the households containing married families with children. The county average for households married with children is 24.34%.

The median household income in Palm Bay, Florida 32909 is $55,963. The median household income for the surrounding county is $63,632 compared to the national median of $69,021. The median age of people living in Palm Bay 32909 is 40.9 years.

Palm Bay Weather

The average high temperature in July is 90.7 degrees, with an average low temperature in January of 49.3 degrees. The average rainfall is approximately 54 inches per year, with 0 inches of snow per year.

Palm Bay Real Estate Market Conditions

  • Median sales price

    $330,000
    26.8% change since last quarter
  • # Active listings

    781
    30-day change

Palm Bay Schools and Demographics

Education near Palm Bay, FL

Metric City County
High School Graduates 89.22 92.49
College Degree - 2 year 12.92 12.61
College Degree - 4 year 21.28 31.68
Graduate Degree 6.2 9.6
Expenditures per Student 10,715 10,715
Students per Teacher 16.4 16.4

Elementary Schools near Palm Bay, FL

School Grades Students P/T Ratio ZIP
Christa McAuliffe Elementary School PK - 06 741 14.3 32907
Columbia Elementary School PK - 06 570 12.7 32909
Discovery Elementary School PK - 06 709 13.4 32907
Dr. W.J. Creel Elementary School PK - 07 972 13.3 32935
Gemini Elementary School PK - 06 503 15.2 32951
John F. Turner, Senior Elementary PK - 06 759 13.3 32909
Lockmar Elementary School PK - 06 786 13.8 32907
Oak Park Elementary School PK - 07 847 12.8 32796
Palm Bay Academy Charter School KG - 08 621 13.2 32905
Port Malabar Elementary School PK - 06 772 13.5 32907
Royal Palm Charter School KG - 08 354 16.9 32909
Sunrise Elementary School PK - 06 847 14.4 32909
Westside Elementary School PK - 06 769 14.2 32908

Middle Schools near Palm Bay, FL

School Grades Students P/T Ratio ZIP
Andrew Jackson Middle School 07 - 08 595 17.5 32780
Central Middle School 07 - 08 1,237 18.2 32904
Delaura Middle School 07 - 08 699 17.1 32937
Gardendale Elementary Magnet School PK - 06 491 14.4 32953
Herbert C. Hoover Middle School 07 - 08 564 17.1 32903
James Madison Middle School 07 - 08 470 16.2 32796
Lyndon B. Johnson Middle School 07 - 08 787 17.1 32935
Southwest Middle School 07 - 08 905 17.1 32909
Thomas Jefferson Middle School 07 - 08 650 16.7 32952

High Schools near Palm Bay, FL

School Grades Students P/T Ratio ZIP
Bayside High School 09 - 12 1,643 20.8 32908
Cocoa High School 07 - 12 1,530 16.1 32926
EAU Gallie High School 08 - 12 1,714 18.4 32935
Heritage High School 09 - 12 1,825 19.8 32907
Melbourne Senior High School 09 - 12 2,131 20.1 32901
Merritt Island High School 09 - 12 1,594 19.4 32953
Rockledge Senior High School 09 - 12 1,375 20.2 32955
Space Coast Junior/Senior High School 07 - 12 1,528 19.8 32927
Viera High School 09 - 12 2,032 21.2 32940

Ungraded Schools near Palm Bay, FL

School Grades Students P/T Ratio ZIP
* Frances Walker Halfway House 07 - 12 27 4.5 32780
* Melbourne Center for Personal Growth 07 - 12 28 7 32934
* Project Search 12 - 12 42 8.4 32931
Brevard Achievement Center AE - AE 0 32955
Brevard Virtual Franchise 06 - 12 74 5.3 32922
Brevard Virtual Instruction (Course Offerings) 06 - 12 0 32922
Cedar Academy(Center for Educational Development Achievement UG - UG 0 32955
Central Area Adult Education Day-Program AE - AE 0 32922
Easter Seals Florida, Inc. AE - AE 0 32909
GED Testing AE - AE 0 32940
North Area Adult Education-Night Program AE - AE 0 32796
Odyssey Charter School KG - 12 940 10.3 32909
Outward Bound 06 - 12 13 3.3 32775
Riverdale Country Day School KG - 12 136 7.6 32905
South Area Adult Education-Night Program AE - AE 0 32901