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$725,000 Just Listed

  • For Sale
  • Active
  • Commercial Multi-Family
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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!

Full Property Details for 422 Thor Ave SE

General

  • Price: $725,000
  • Taxes: $8,595 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: BrevardCounty
  • MLS ID: 1071040
  • Updated: Today (3/4/2026)
  • Added to Site: Today

Interior

  • Flooring: Laminate, Tile

Rooms

Bathrooms

  • Total Bathrooms: 8

Additional Information

  • Security/Safety: Smoke Detector(s)

Parking

  • Parking Features: Assigned, Parking Lot, Shared Driveway

Location

  • Area: 343 - SE Palm Bay
  • County: Brevard
  • Subdivision: Port Malabar Unit 40
  • Driving Directions: From Malabar Road go south on Babcock, Left on Convair, right on Thor.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Exterior Const.: Frame, Vinyl Siding
  • Roof: Shingle
  • Stories/Levels: 1
  • Square Feet: 3,840
  • Sq. Ft. Source: Public Records
  • Living Area: 3,840 Sq. Ft.
  • Current Bldg. Use: Investment, Multi-Family, Residential
  • Year Built: 1987

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Size (Sq. Ft.): 15,681.6
  • Frontage: Easement
  • Lot Features: Other

Financial Considerations

  • Price Per Sq. Ft.: $188.8
  • Tax Amount: $8,595.82
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Repairs, Roof Maintenance, Taxes, Trash Collection
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 29-37-03-26-01989.0-0003.01

Listed by Waterman Real Estate, Inc.

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Listing agent

— 422 Thor Ave SE —

  • Waterman Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 422 Thor Ave SE

School District:Brevard County School District
NameGradesDistance
Port Malabar Elementary School
301 Pioneer Avenue Northeast, Palm Bay, FL 32907
PK-61 mi
Palm Bay Magnet Senior High School
101 Pirate Lane, Melbourne, FL 32901
9-124 mi
Stone Magnet Middle School
1101 East University Boulevard, Melbourne, FL 32901
7-85.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 422 Thor Ave SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/04/2026
Listed
$725,000
99.18%
MLS
11/19/2021
Sold
$364,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 422 Thor Ave SE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,325
5%
$460,800
9%
2024
$7,962
31%
$422,400
22%
2023
$6,082
40%
$345,600
67%
2021
$4,344
-18%
$207,220
-24%
2022
$5,317
22%
$272,160
38%
2021
$4,344
3%
$197,360
8%
2019
$4,207
5%
$182,740
5%
2018
$4,012
4%
$174,000
9%
2017
$3,845
8%
$160,000
3%
2016
$3,566
2%
$155,000
5%
2015
$3,506
6%
$148,000
8%
2014
$3,295
-2%
$137,000
—
2013
$3,356
—
$137,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 422 Thor Ave SE

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Waterman Real Estate, Inc.

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422 Thor Avenue SE, Palm Bay, FL 32909 (MLS# 1071040) is a Commercial Multi-Family property. 422 Thor Avenue SE is currently listed for $725,000 and was received on March 04, 2026. Want to learn more about 422 Thor Avenue SE? Do you have questions about finding other Commercial Multi-Family real estate for sale in Palm Bay? You can browse all Palm Bay real estate or contact a Coldwell Banker agent to request more information.

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