1623 Espejo Street, Palm Bay, FL 32909

Property Details:

Brand-new recently completed modern duplex in rapidly growing Palm Bay--an exceptional investment opportunity with no HOA or CDD fees! This turn key property offers complete privacy between units, making it ideal for investors or owner-occupants looking to live in one side and rent the other. Both units feature high-end finishes. Built for comfort and efficiency. A spacious backyard adds potential for outdoor living or future enhancements. Conveniently located near Waterstone, the new Publix Shopping Center, and multiple new developments, this duplex is positioned for long-term value and steady rental income. Seller is offering entire duplex at $599,000. Investor Info: Insurance $1800 yr, Taxes est $4500-$5k, Rent per side $2400-$2600 each , Based on $600k purchase and $2400 per month each / $4800 total monthly rent $57,600 yr, Cap or ROI 9.6%

---

This listing is courtesy of Golden Group Realty LLC. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

• Acreage0.32
• Area343 - SE Palm Bay
• BuildingsYes
• CityPalm Bay
• CountyBrevard
• DirectionsFrom I-95: Take exit 173, Use the left 2 lanes to take the Malabar Rd ramp to FL-514 E/Malabar, Turn right onto S Babcock St, Turn right ontoEspejo St SE
• Fixer UpperNo
• General County LocationSouth
• List Price/SqFt$198.61 / sqft
• Listing ID1063892
• Listing StatusPending
• Manager/Owner OccupiedUnfurnished
• Number of Units1
• PoolNo
• Private PoolNo
• Prop TypeDuplex
• Property TypeMultifamily
• SqFt - Living3,016 sqft
• State/ProvinceFL
• StatusPending
• Status Change DateSaturday, December 13th, 2025
• Street NameEspejo
• Street Number1623
• Street SuffixStreet
• SubdivisionPort Malabar Unit 46
• Suffix DirSE
• Tax Year2024
• Taxes$1,199.35
• Total Garage Spaces2
• Under Contract DateSaturday, December 13th, 2025
• Unit NumberA & B
• WaterfrontNo
• Year Built2025
• Zip Code32909
• ZoningResidential