2581 Spence Drive NE, Palm Bay, FL 32905

• 7 beds |
• 6 baths |
• 2,458 sqft

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.

Listing Status:

Active

Date Added:

January 3, 2026

Data Last Updated:

May 1, 2026 at 9:36PM

Listing Office:

Blue Marlin Real Estate : 321-877-2902

Listing Agent:

Caleb Jose Gomez : 321-294-8873

MLS ID:

1065407

Interior

• Laundry: Common Area
• A/C: Central AirWall/Window Unit(s)
• Heating: Central

Exterior

• Parking: Additional ParkingGarageOff Street

Construction

• General: BlockConcreteFrameStuccoOne

Location

• Originating MLS: Space Coast MLS (Space Coast Association of REALTORS®)
• County: Brevard

Lot

• Zoning: FARVIEW SUBDREPLAT OF PT OF LOT 2 BLK F28-37-11-76-0000f.0-0002.00
• Fencing: Chain LinkWoodFenced
• Current Use: Residential

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Space Coast MLS (Space Coast Association of REALTORS®)