Vero Beach Investment
2840 41st Street Vero Beach, FL 32967
2840 41st Street, Vero Beach, FL, 32967
$515,000
For Sale
$515,000
MULTI_FAMILY - Vero Beach, FL
Property Size1,462 SF
Lot Size1.50 Acres
Price / SF$352.26
Days on Market140
Property Features for 2840 41st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- ,
- Patio and Porch features
- Porch
- Interior features
- HighCeilings, SplitBedrooms
- Exterior features
- EnclosedPorch, Porch
- Standard status
- Active
- APN
- 32392700006000000007.0
- Size
- 1,462 SF
- Lot size
- 1.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- JACKSONS SUB LOT 7 PBI 2-54
- Tax Annual Amount
- 3938
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Building materials
- Block, Frame, Concrete
- Roof type
- Shingle
Listing Agency
Keller Williams Realty of VB
(772) 257-8000
3775 20th St, Vero Beach, FL
Listed by
Tareek S Beasley · License #3412996
(772) 321-1288
Added: Feb 28 Checked: Jul 18 at 7:06 am
MLS# 295356
Listing URL
Copyright © 2026 Realtors Association of Indian River County. 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 1.5-acre lot, zoned RM-10, presents an investment opportunity with three existing homes. Two of the homes are currently income-producing with tenants in place, while the third is ready for remodeling. The main house features 1,462 square feet with a split plan including 3 bedrooms and 2 bathrooms. It also has a new roof, a spacious kitchen, dining area, living room, laundry room, and a covered screened porch. The two occupied homes include one 546-square-foot home with 2 bedrooms and 1 bathroom, and another 738-square-foot home with 3 bedrooms and 1 bathroom. Located in central county, the property has no HOA and is a 10-minute drive to local beaches and minutes from the Vero Beach Airport. Public water and sewer services are available.
Key Highlights
- Investment opportunity: 3 homes on 1.5 acre lot zoned RM‑10
- Two income‑producing homes with tenants in place
- Main home: 1,462 sqft, 3 beds, 2 baths, split plan, new roof
Local 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 | $29.8k | $20.40 |
| − Vacancy | −$1.5k | −$1.02 |
| EGI | $28.3k | $19.38 |
| − OpEx | −$12.8k | −$8.72 |
| NOI | $15.6k | $10.66 |
1,462 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$222.6K
$194.8K – $259.7K
NOI $15,583 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$320.6K
$280.6K – $374.1K
NOI $22,444 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - 1.5 acre lot with three homes, income potential.
Where is this single family property located?
The property is located at 2840 41st Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Investment opportunity: **3 homes on 1.5 acre lot zoned RM‑10**; **Two income‑producing homes with tenants in place**; Main home: 1,462 sqft, 3 beds, 2 baths, split plan, new roof
