Multifamily Condo with
For Sale
$227,500
1180 Carlton Court, Fort Pierce, FL 34949
MULTI_FAMILY - Other - Fort Pierce, FL
Property Size1,164 SF
Price / SF$195.45
Days on Market77
Property Features for 1180 Carlton Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HI Medium
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking
1
Parking features
Carport, Assigned
Window features
Storm Window(s)
Pets allowed
Yes, Size Limit
Interior features
Walk-In Closet(s)
Exterior features
Balcony
Appliances
Range, Dishwasher, Dryer, Electric Range, Ice Maker, Microwave, Oven, Refrigerator, Washer
Subdivision
CARLTON VILLAS OF HUTCHINSON ISLAND
Directions
Seaway Drive to Carlton
Standard status
Active
APN
240162000150009
Size
1,164 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CARLTON VILLAS OF HUTCHINSON ISLAND UNIT 207B (OR 3297-2922; 3667-1129; 3667-1129)
Tax Annual Amount
1258
HOA Fee
$349 Monthly
Legal Description
CARLTON VILLAS OF HUTCHINSON ISLAND UNIT 207B (OR 3297-2922; 3667-1129; 3667-1129)
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
pet-friendly community
covered parking
in-unit laundry
Building Details
Year built
1987
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Metal
Architectural style
Other
Listing Agency:
Nugget Realty
(772) 249-4705
Listed By:
Elizabeth Hauck · License #3259320
(772) 932-4787
Added: May 18
Changed: Jul 30
Last Checked: Aug 2 at 11:06PM
MLS# B26029996
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily condo in a pet-friendly community offers a practical two-bedroom, two-bath layout with an open-concept living area. Interior highlights include a walk-in closet, tile and laminate flooring, and central heating with central air. The home’s kitchen is equipped with a range, dishwasher, microwave, oven, refrigerator, and an ice maker. Laundry is handled in-unit with a washer and dryer. For outdoor space, the residence includes a balcony. Construction is block, and the roof is metal.
Parking is provided via an assigned carport, and the property has access to public water and public sewer.
Built in 1987 and totaling 1,164 square feet, this condo is located at 1180 Carlton Court in Fort Pierce, Florida, within minutes of the Indian River inlet, Jetty Park, local shops, and waterfront restaurants.
Parking is provided via an assigned carport, and the property has access to public water and public sewer.
Built in 1987 and totaling 1,164 square feet, this condo is located at 1180 Carlton Court in Fort Pierce, Florida, within minutes of the Indian River inlet, Jetty Park, local shops, and waterfront restaurants.
Key Highlights
- 1,164 SF multifamily condo built in 1987
- Block construction with metal roof
- Balcony plus open‑concept living area
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $26.04 |
| − Vacancy | −$1.5k | −$1.25 |
| EGI | $28.9k | $24.79 |
| − OpEx | −$13.0k | −$11.16 |
| NOI | $15.9k | $13.63 |
1,164 SF · lease $26.04/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$226.7K
$198.4K – $264.5K
NOI $15,871 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.7K
$256.1K – $341.5K
NOI $20,491 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 34949, FL
8,027
Population
8,033
Households
1
Avg Household Size
65
Median Age
47%
College-Educated
96%
High-School Grad
9.4 sq mi
ZIP Area
854
Density / Sq Mi
$92,188
Median Household Income
$37,219
Median Earnings
$1,484
Median Rent
$427,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Block-built two-bedroom condo with balcony, central air, and in-unit laundry with assigned carport parking.
Where is this multifamily property located?
The property is located at 1180 Carlton Court Fort Pierce, FL.
What is the asking price?
The asking price for this property is $227,500.
What are key features of this property?
This property features: 1,164 SF multifamily condo built in 1987; Block construction with metal roof; Balcony plus open‑concept living area
