1205 Ave K Fort Pierce, FL 34950
MULTI_FAMILY - Fort Pierce, FL
- Added:
- May 14, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 11 at 11:06 am
Property Features for 1205 Ave K
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Medium Density
- Bedrooms
- 12
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 11, Bedroom 8, Bathroom 1, Bedroom 7, Bathroom 7, Bedroom 12, Bathroom 2, Bedroom 9, Bedroom 3, Bathroom 5, Bedroom 1, Bathroom 8, Bedroom 10, Bedroom 6, Bathroom 6, Bathroom 4, Bathroom 3, Bedroom 5
- Pets allowed
- Yes, No
- Standard status
- Active
- APN
- 240480300020005
- Size
- 3,300 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- H AND A RENTALS S/D LOTS 2 AND 3
- Tax Annual Amount
- 8635
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Wood
- Building materials
- CBS
- Roof type
- Shingle
Listing agent Michael Harrison Korman License #3316647 (954) 598-3277
Listing office Compass Florida LLC 101 N Federal Hwy, 5th Floor, Miami Beach, FL (305) 851-2820
Listing date May 14, 2026
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.
Key Highlights
- Quadplex with 4 total units; 3 units currently occupied and 1 unit newly renovated and ready to be leased
- Newer roof (2022) and two new AC units
- Over a 1/3‑acre lot
Local Financial Insights For Multifamily LT 5
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 | $73.3k | $22.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $69.2k | $20.98 |
| − OpEx | −$20.8k | −$6.29 |
| NOI | $48.5k | $14.69 |
