13 S Palmway Avenue Rockledge, FL 32955
Listing Courtesy of: SPACE COAST / Listed By: Falk Homes, LLC.

  13 S Palmway Avenue Rockledge, FL 32955

Active (0 Days)
$549,000 (USD)
4
BATH
1,845
SQFT

Description

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.

MLS #:
1091338
Taxes
$4,281(2026)
Lot Size
6,098 SQFT
Type
Multifamily
Year Built
1950
County
Brevard County
Community
Rockledge Homes

Listed By

Thomas Falk, Falk Homes, LLC.
Source
SPACE COAST
Last checked Nov 1 2026 at 5:19 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Subdivision
  • Rockledge Homes
Heating and Cooling
  • Central
  • Electric
  • Varies by Unit
  • Central Air
  • Wall/Window Unit(s)
Exterior Features
  • Roof: Shingle
Utility Information
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Natural Gas Available, Cable Connected, Water Connected
  • Sewer: Public Sewer
  • Fuel: Electric
Stories
  • 1
Living Area
  • 1,845 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Mortgage calculator estimates are provided by The Corcoran Group and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Space Coast MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/1/26 09:19