




4 Baths
1,845 sqft
$549,000
13 S Palmway Avenue, Rockledge FL, 32955
Price per sqft$297.56
Built in1950
Property size1,845 sqft
Property typeMulti-family
Overview
Active
Listed Nov 1, 2026
Updated 2 days ago
FULLY OCCUPIED INCOME-PRODUCING TRIPLEX IN ROCKLEDGE! Excellent investment opportunity conveniently located near Cocoa Village, shopping, dining, and major roadways. The property features three rented units: a spacious 2BR/2BA main residence, a separate 1BR/1BA apartment, and a studio with its own bathroom. Recent improvements include a NEW ROOF (2026), NEW CENTRAL A/C for the 2BR/2BA (2026), updated electrical meters and panels (2025), tankless water heater (2025), laundry facilities (2025), and refreshed studio (2026). All three units are rented, providing immediate income with approximately $58,740 in annual gross scheduled income, including utility reimbursements and estimated laundry revenue. An excellent opportunity to acquire an established multifamily investment in a desirable Rockledge location. DO NOT DISTURB TENANTS. SHOWINGS BY APPOINTMENT ONLY. All three units are tenant-occupied and generating rental income. Current monthly income: Unit 13 (2BR/2BA): $2,100 (utilities included) Unit 13A (1BR/1BA): $1,495 ($1,345 rent + $150 utilities) Unit 13B (Studio/1BA): $1,250 (utilities included) Laundry income: Approximately $50/month Gross Scheduled Income: $4,895/month or $58,740/year. Estimated annual operating expenses of $15,928 already account for projected property taxes following the sale of $7,587.50, compared to the current 2026 property taxes of $4,280.81. This higher tax estimate has been included to provide investors with a more realistic picture of potential operating expenses after purchase. Expenses also include insurance, electricity, water, garbage, natural gas, and internet. Maintenance, management fees, vacancy allowance, and reserves are excluded. All financial information is provided for informational purposes and should be independently verified by the buyer. DO NOT DISTURB TENANTS. ALL SHOWINGS MUST BE SCHEDULED AND CONFIRMED IN ADVANCE.
$3,653/mo
Est. mortgage payment based on a $549,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 1091338
Interior Features
- Bathrooms
- 4
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.14 Acres
Other Property Details
- Taxes
- $4,281
- Tax Frequency
- Annually
- 55+/Senior Community
- No
Courtesy of Falk Homes, LLC., Thomas Falk,
Listing Contact: 321-220-8585
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Alexander Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2026 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.