2581 Spence Dr NE Palm Bay, FL 32905
Palm Bay AreaEstimated payment $3,321/month
Highlights
- No HOA
- Central Heating and Cooling System
- Wood Fence
- Cooling System Mounted To A Wall/Window
- 1 Car Garage
- 1-Story Property
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,230
Year Built
- Built in 1958
Lot Details
- 9,583 Sq Ft Lot
- Wood Fence
- Chain Link Fence
Parking
- 1 Car Garage
- 6 Open Parking Spaces
- Additional Parking
- Off-Street Parking
Home Design
- Frame Construction
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 2,458 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Full Bathrooms
Schools
- Palm Bay Elementary School
- Stone Middle School
- Palm Bay High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 2 Buildings
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 28-37-11-76-0000f.0-0002.00
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,230 | $162,680 | ||
| 2024 | $3,137 | $167,280 | ||
| 2023 | $3,137 | $155,260 | $35,000 | $120,260 |
| 2022 | $3,087 | $152,090 | $0 | $0 |
| 2021 | $2,642 | $126,960 | $35,000 | $91,960 |
| 2020 | $2,372 | $108,080 | $17,500 | $90,580 |
| 2019 | $2,714 | $110,890 | $17,500 | $93,390 |
| 2018 | $2,689 | $110,000 | $0 | $110,000 |
| 2017 | $2,676 | $105,000 | $0 | $105,000 |
| 2016 | $2,349 | $98,000 | $0 | $0 |
| 2015 | $2,323 | $94,000 | $5,000 | $89,000 |
| 2014 | $2,177 | $86,000 | $5,000 | $81,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/11/2026 06/11/26 | Pending | -- | -- | -- | |
| 06/11/2026 06/11/26 | Price Changed | $565,000 | +3.7% | $230 / Sq Ft | |
| 06/07/2026 06/07/26 | For Sale | $545,000 | 0.0% | $222 / Sq Ft | |
| 05/24/2026 05/24/26 | Pending | -- | -- | -- | |
| 05/01/2026 05/01/26 | Price Changed | $545,000 | -0.9% | $222 / Sq Ft | |
| 03/23/2026 03/23/26 | Price Changed | $550,000 | -4.3% | $224 / Sq Ft | |
| 03/07/2026 03/07/26 | Price Changed | $574,990 | -4.2% | $234 / Sq Ft | |
| 01/03/2026 01/03/26 | For Sale | $599,999 | +50.0% | $244 / Sq Ft | |
| 12/30/2021 12/30/21 | Sold | $400,000 | -42.8% | $163 / Sq Ft | View Prior Sale |
| 11/28/2021 11/28/21 | Pending | -- | -- | -- | |
| 06/09/2021 06/09/21 | Price Changed | $699,000 | -12.5% | $284 / Sq Ft | |
| 04/09/2021 04/09/21 | For Sale | $799,000 | +1802.4% | $325 / Sq Ft | |
| 06/27/2012 06/27/12 | Sold | $42,000 | +7.7% | $23 / Sq Ft | View Prior Sale |
| 04/29/2012 04/29/12 | Pending | -- | -- | -- | |
| 04/19/2012 04/19/12 | For Sale | $39,000 | -- | $21 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $42,000 | Alliance Title Insurance Age |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $277,500 | New Conventional | |
| Previous Owner | $80,000 | No Value Available |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1065407
APN: 28-37-11-76-0000F.0-0002.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 2566 Spence Dr NE
- 2502 Victoria Dr NE
- 3300 James St
- 2350 Shenandoah Rd NE
- 2912 Main St
- 1480 Roosevelt Ave Unit 201
- 2254 Pelham St NE
- 1125 Gainey Dr
- 2263 Monroe St NE
- 2154 Henry St NE
- 2051 Northview St NE
- 905 Cedar Dr
- 815 Juniper Ln
- 3040 Juanita Cir
- 801 Poplar Ln
- 3042 Plummer Cir
- 2521 Pond St
- 2534 Amberly Rd NE
- 3510 Applin Way
- 2531 Chatham Way NE
Ask me questions while you tour the home.