422 Thor Avenue SE, Palm Bay, FL 32909
$725,000
Property Type:
Commercial Sale
Baths:
8
Square Footage:
3,840
Lot Size (sq. ft.):
15,682
Status:
Active
Current Price:
$725,000
List Date:
3/05/2026
Last Modified:
3/05/2026
Overview
Description
Listing Details MLS# 1071040
General Property Information
- Number Of Units Total
- 4
- Stories Total
- Yes
- Bathrooms Total
- 8
- Building Area Total
- 3840
- Building Area Source
- Public Records
- Accessibility Features YN
- No
- Year Built
- 1987
- Lot Size Acres
- 0.36
- Land Lease YN
- No
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- Senior Community YN
- No
- List Price/SqFt
- 188.8
Property Features
Construction Materials:
Frame; Vinyl Siding
Cooling:
Central Air
Current Use:
Investment; Multi-Family; Residential
Flooring:
Laminate; Tile
Heating:
Central
Listing Terms:
Cash; Conventional; FHA; VA Loan
Lot Features:
Other
Operating Expense Includes:
Insurance; Maintenance; Pest Control; Trash
Owner Pays:
Common Area Maintenance; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Repairs; Roof Maintenance; Taxes; Trash Collection
Parking Features:
Assigned; Parking Lot; Shared Driveway
Possession:
Close Of Escrow
Road Frontage Type:
Easement
Roof:
Shingle
Sale Includes:
Building & Land
Security Features:
Smoke Detector(s)
Sewer:
Public Sewer
Showing Considerations:
Occupied
Showing Requirements:
24 Hour Notice; Appointment Only; Other
Special Listing Conditions:
Standard
Tenant Pays:
All Utilities
Utilities:
Cable Available; Electricity Connected; Sewer Connected; Water Connected
Water Source:
Public
Contract Information
- Original List Price
- 725000
- Listing Contract Date
- 2026-03-04
- Property Sub Type
- Multi Family
- Comp Sale YN
- No
Location Tax and Legal
- Street Number
- 422
- Street Name
- Thor
- Street Suffix
- Avenue
- Street Direction Suffix
- SE
- County
- Brevard
- State
- FL
- Postal Code
- 32909
- MLS Area Major
- 343 - SE Palm Bay
- Subdivision Name
- Port Malabar Unit 40
Remarks and Miscellaneous
- Public Remarks
- Looking for a great investment opportunity in the heart of southeast Palm Bay? With this four-plex apartment complex on City/Sewer...You found it! Each of the four spacious units features 960 sq ft. of living, two bedrooms, two full baths, and a full-size washer and dryer, 8-year-old roof, 2 newer ac's and water heaters on 3 of the units, 3 out of the updated units. The interiors boast a mixture of laminate and tile. Each unit includes a dedicated dining room and a spacious living room, ensuring ample space for tenants to enjoy. Situated on a generous 0.36-acre lot. Seize the chance to enhance your investment portfolio!
Status Change Information
- Major Change Timestamp
- 2026-03-05T00:36:28Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-03-04
More Information
Unit 1 Details
- Unit ID
- 311
- Annual Rent
- 1650
- Unit SqFt
- 960
- # Units (This Type)
- 4
- Furnished
- Unfurnished
- Unit Remarks
- Current Lease - 8/1/2025 - 7/31-2026
Unit 2 Details
- Unit ID
- 312
- Annual Rent
- 1600
- Unit SqFt
- 960
- # Units (This Type)
- 4
- Furnished
- Unfurnished
- Unit Remarks
- Currently pending application approval
Unit 3 Details
- Unit ID
- 313
- Annual Rent
- 1600
- Unit SqFt
- 960
- # Units (This Type)
- 4
- Furnished
- Unfurnished
- Unit Remarks
- New Lease 3/1/2026 - 2/28/2027
Unit 4 Details
- Unit ID
- 314
- Annual Rent
- 1200
- Unit SqFt
- 960
- # Units (This Type)
- 4
- Furnished
- Unfurnished
- Unit Remarks
- Month to Month - - Long term tenants
Location, Tax, and Legal
- Tax Account
- 2959103
- Parcel Number
- 29-37-03-26-01989.0-0003.01
- General County Location
- South
- Tax Annual Amount
- 8595.82
- Tax Year
- 2025
- Tax Legal Description
- PORT MALABAR UNIT 40 W 105.5 FT OF S 1/2 OF LOT 3 & W 105.5 FT OF LOT 4 BLK 1989
- Zoning Description
- Multi Family
- Directions
- From Malabar Road go south on Babcock, Left on Convair, right on Thor.
Construction Materials
- Frame
- Yes
- Vinyl Siding
- Yes
Cooling
- Central Air
- Yes
Current Use
- Investment
- Yes
- Multi-Family
- Yes
- Residential
- Yes
Flooring
- Laminate
- Yes
- Tile
- Yes
Heating
- Central
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- FHA
- Yes
- VA Loan
- Yes
Lot Features
- Other
- Yes
Parking Features
- Assigned
- Yes
- Parking Lot
- Yes
- Shared Driveway
- Yes
Possession
- Close Of Escrow
- Yes
Owner Pays
- Common Area Maintenance
- Yes
- Exterior Maintenance
- Yes
- Grounds Care
- Yes
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Repairs
- Yes
- Roof Maintenance
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
Road Frontage Type
- Easement
- Yes
Roof
- Shingle
- Yes
Security Features
- Smoke Detector(s)
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Tenant Pays
- All Utilities
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
- Appointment Only
- Yes
- Other
- Yes
Operating Expense Includes
- Insurance
- Yes
- Maintenance
- Yes
- Pest Control
- Yes
- Trash
- Yes
Showing Considerations
- Occupied
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
Waterman Real Estate, Inc.
Last Updated: March - 05 - 2026
Information is deemed to be reliable, but is not guaranteed.