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    Fort Pierce Quadruplex Investment Opportunity Title is generated by Realmo AI

    1311 Emerald Terrace, Fort Pierce, FL 34950

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    Claim this Listing
    For Sale
    $635,000

    MULTI_FAMILY - Fort Pierce, FL

    Property size:
    2,768 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $229/SF
    Added:
    May 14, 2026
    Days on Market:
    50
    Last Refresh:
    Jul 2 at 2:06 pm

    Property Features for 1311 Emerald Terrace

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Medium Den
    Bedrooms
    4
    Rooms
    Bedroom 2, Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1
    Pets allowed
    Yes, No
    Fencing
    Fenced
    Standard status
    Active
    APN
    240982000200005
    Size
    2,768 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    MORGAN`S S/D E 1/2 LOT 20 AND ALL LOT 21 AND N 5 FT OF VAC ALLY ADJ ON S
    Tax Annual Amount
    12533

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Window Unit(s), Central Air, Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2009
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Tile
    Building materials
    CBS
    Roof type
    Shingle

    We can help!

    Contact an agent
    Vanessa Carcache

    Listing agent Vanessa Carcache License #3385560

    Listing office Partnership Realty Inc. 1663 S Congress Avenue, West Palm Beach, FL

    Listing date May 14, 2026

    MLS# B26028732 Listing URL

    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.

    HighLights

    • Built in 2009 with CBS construction and a shingle roof
    • Four separate living units: two 2/1 units and two studios
    • Central heating and multiple cooling options including central air and wall/window units
    • Complete impact glass windows throughout
    • Public water and public sewer connected
    • Fenced property with ample parking for guests and vehicles, including boats and trailers

    Overview

    This quadruplex, constructed in 2009, presents an investment opportunity for investors, owner-occupants, or multi-generational living arrangements. The property features a compound-style layout with four separate living units, offering income-producing potential. It includes two 2-bedroom, 1-bathroom units and two studio apartments. Impact glass windows are installed throughout the building. Ample parking space is available for guests, boats, and trailers. Situated in Fort Pierce, Florida, the property is located approximately 15 minutes from the upcoming Koa Bay community, a 204-acre surf park and lagoon development. The lot size is 0.25 acres and the property size is 2768 square feet.

    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 $61.4k $22.20
    − Vacancy −$3.4k −$1.22
    EGI $58.1k $20.98
    − OpEx −$17.4k −$6.29
    NOI $40.6k $14.69
    2,768 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $580.7K
    $508.1K – $677.5K (±1% cap)
    NOI $40,649 @ 7.0% cap · market cap 6.40%
    Second Best
    Apartment 5plus
    $539.1K
    $471.8K – $629.0K (±1% cap)
    NOI $37,740 @ 7.0% cap · market cap 5.94%
    Theoretical Best
    Office A
    $696.1K
    $609.1K – $812.1K (±1% cap)
    NOI $48,728 @ 7.0% cap · market cap 7.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.33799
    Latitude
    27.441393

    FAQs

    What type of property is this?
    Quadplex - Quadruplex in growing Fort Pierce, ideal for investors.
    Where is this quadplex located?
    The property is located at 1311 Emerald Terrace Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: Built in 2009 with CBS construction and a shingle roof; Four separate living units: two 2/1 units and two studios; Central heating and multiple cooling options including central air and wall/window units
    More about this property
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