Investment opportunity. An instant income producing triplex with a new roof in a very convenient area. Very high traffic area good for renters. Each unit has it's own garage and there is a large common area yard in the back. * * This property is part of a rental portfolio sale. Please see documents tab for whole portfolio (2 pages). Property can be bought as part or whole package.
Multi-familyProperty Type
1960Year Built
0.33 acresLot Size
$211Est. Price/Sq.Ft.
3 car garageParking
Listed by Bradley Griffin• Keller Williams Realty Brevard
GREAT INCOME PRODUCING TRI-PLEX in Central MELBOURNE on a corner lot; how much better can you get? This building consists of 3 apartments: 1 Brm, 2 Brm and a 3 Brm; each unit has one bath. Currently has good, paying tenants, but will need to be updated (in 1 & 2 brm units). With some renovations an owner will see higher profits (driven by slightly higher rents). Tongue and groove wood ceilings bring out the charm of these units, but TLC is definitely necessary. 2 Brm unit has a single garage, the others have carports. 24 hour Appointments are necessary, as the tenants do deserve their privacy. No central a/c-merely window units cool throughout. Gorgeous fenced in back yard & very convenient to schools and shopping. This is a good start for your portfolio-esp. if you are handy!
Public Records
Jun 22, 2001
Sold
$100,000
$49/sq ft
Public Records
Sep 1, 1984
Sold
$55,777
$28/sq ft
Public Records
Aug 1, 1968
Sold
$17,500
$9/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$6,873 (+5.1%)
$130,000 + $242,000
$372,000
2025
$6,540 (+8.4%)
$130,000 + $242,000
$372,000
2024
$6,034 (+4.4%)
2023
$5,781 (+17.5%)
2022
$4,919 (+9.7%)
2021
$4,485 (+8.9%)
2020
$4,117 (+3.8%)
2019
$3,967 (+29.3%)
$90,000 + $126,520
$216,520
2018
$3,067 (+7.7%)
$90,000 + $110,490
$200,490
2017
$2,848 (+5.7%)
$140,000
2016
$2,695 (+7.2%)
$120,000
2015
$2,513 (+56.8%)
$39,000 + $67,000
$106,000
2014
$1,603
Tax history for 1620 Palm Ridge Rd
Year
Property tax
Land + Additions
Assessment*
2026
$6,873 (+5.1%)
$130,000 + $242,000
$372,000
2025
$6,540 (+8.4%)
$130,000 + $242,000
$372,000
2024
$6,034 (+4.4%)
2023
$5,781 (+17.5%)
2022
$4,919 (+9.7%)
2021
$4,485 (+8.9%)
2020
$4,117 (+3.8%)
2019
$3,967 (+29.3%)
$90,000 + $126,520
$216,520
2018
$3,067 (+7.7%)
$90,000 + $110,490
$200,490
2017
$2,848 (+5.7%)
$140,000
2016
$2,695 (+7.2%)
$120,000
2015
$2,513 (+56.8%)
$39,000 + $67,000
$106,000
2014
$1,603
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
0.33 Acres
Year renovated
1995
Sq. Ft.
2,028
Year built
1960
Style
Multi-Family (2-4 Unit)
County
Brevard County
APN
27 3708-51-*-22
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 2, 2026.
R1A
Single-family Low Density Residential District
The provisions of these districts are intended to apply to an area of Single-family residential development. Lot sizes and other restrictions are intended to protect and promote high quality residential development.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Property details
Parking
Parking Information
Parking Features: Attached, Other
Garage Spaces: 3
Has Attached Garage
Has Garage
Interior
Interior Features
Appliances: Electric Range, Refrigerator
Flooring: Tile
Unit Information
Number Of Units Total: 3
Exterior
Pool Features
Pool Features: None
Exterior Features
Roof: Shingle
Building Information
Construction Materials: Block, Concrete
Building Area Total: 2,468
Property Information
Levels: One
Property Sub Type: Triplex
LivingArea: 2,028
Lot Information
Lot Features: Corner Lot
Road Surface Type: Paved
Lot Size Acres: 0.33
Lot Size Area: 0.33
Lot Size Units: Acres
Additional Parcels Description: 2711802
Financial
Tax Information
Tax Annual Amount: $2,848.06
Tax Year: 2017
Financial Information
Owner Pays: Grounds Care, Insurance, Taxes
Buyer Financing: Cash
Utilities
Heating & Cooling
Cooling: Wall/Window Unit(s)
Has Cooling
Utility Information
Utilities: Sewer Connected, Water Available
Location
School Information
Middle Or Junior School: Johnson
Elementary School: Creel
High School: Eau Gallie
Location Information
Directions: From Wickham, head East on Lake Washington, then turn Right on Stewart. Property will be on the left at the corner of Stewart and Palm Ridge
Public facts
Beds: —
Baths: 3.0
Sq. Ft.: 2,028
Stories: 1.0
Lot Size: 0.33 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1960
Year Renovated: 1995
County: Brevard County
APN: 27 3708-51-*-22
Home facts updated by county records on Nov 2, 2026
Other
Documents & Disclosures
Documents Count: 1
Around this home
Schools
K - 12
Preschool & daycare
Dr. W.J. Creel Elementary School
Public PreK-7 • Assigned • 0.3mi
2/10
Eau Gallie High School
Public PreK-12 • Assigned • 0.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 24 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Melbourne, FL • 32935
Average low and high temperatures (°F)
69
52
73
57
78
63
81
69
87
74
88
76
90
77
91
77
87
76
82
72
79
64
75
60
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.
8.8 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$407,000 – $492,000
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