1504 41st Avenue Vero Beach, FL 32960
MULTI_FAMILY - Vero Beach, FL
- Added:
- Apr 23, 2026
- Days on Market:
- 80
- Last Refresh:
- Jul 11 at 1:06 pm
Property Features for 1504 41st Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-8
- Bedrooms
- 5
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 1
- Pets allowed
- No, Yes
- Exterior features
- Storage
- Fencing
- Fenced
- Standard status
- Active
- APN
- 33391000002001000013
- Size
- 1,910 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- VANTRICIAN SUBDIVISION BLK 1 LOT 13 PBI 8-19
- Tax Annual Amount
- 5059
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- CBS, Concrete Block - With Stucco, Stucco
- Roof type
- Metal
- Additional Structures
- Storage
Listing agent John C DiGirolomo License #3458838 (772) 713-4204
Listing office LPT Realty, LLC 1400 S International Parkw Suite 1020, Lake Mary, FL (877) 366-2213
Listing date Apr 23, 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
- Duplex built in 1972 with a 3BR/2BA vacant unit at 1504 and a 2BR/1BA occupied unit at 1506
- 2BR/1BA unit at 1506 rents for $1,600/month on a flexible month‑to‑month lease
- Renovated 2BR/1BA features granite countertops, solid wood shaker cabinets, and a tile bath
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 | $33.2k | $17.40 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $31.5k | $16.50 |
| − OpEx | −$9.5k | −$4.95 |
| NOI | $22.1k | $11.55 |
