Co-Living Duplex with
For Sale
$546,000
303 NE Solida Circle, Port St Lucie, FL 34983
MULTI_FAMILY - Port St. Lucie, FL
Property Size2,128 SF
Lot Size0.35 Acres
Price / SF$256.58
Days on Market56
Property Features for 303 NE Solida Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-3 PSL
Bedrooms
7
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 2
Patio and Porch features
Patio
Pets allowed
Yes, No
Fencing
Fenced
Subdivision
PORT ST LUCIE FLORESTA PINES UNIT 2
Standard status
Active
APN
342170300240004
Size
2,128 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PORT ST LUCIE FLORESTA PINES-UNIT 2- BLK 3222 LOT 2 (MAP 34/21S)
Tax Annual Amount
6688
Legal Description
PORT ST LUCIE FLORESTA PINES-UNIT 2- BLK 3222 LOT 2 (MAP 34/21S)
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Frame, Stucco
Roof type
Shingle
Listing Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Alyssa Lynn Troiano · License #3474733
(561) 727-7295
Added: Jun 15
Changed: Aug 5
Last Checked: Aug 9 at 3:06AM
MLS# B26041270
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 duplex is configured for co-living operations, providing six rentable bedrooms plus a separate efficiency suite. The efficiency includes its own kitchenette, private bathroom, private entrance, and a patio area, creating a total of seven income-producing rooms with two full bathrooms across the layout.
The property is currently 100% occupied, with consistently maintained 94–100% occupancy. Built in 1974, the home features frame and stucco construction with a shingle roof, tile and vinyl flooring, and central heating and central air conditioning. The exterior includes a patio and a fenced yard.
Utilities include public water and public sewer, with phone service available. Zoning is RS-3 PSL. A projected cap rate of 9.08% is noted for the current operating setup.
The property is currently 100% occupied, with consistently maintained 94–100% occupancy. Built in 1974, the home features frame and stucco construction with a shingle roof, tile and vinyl flooring, and central heating and central air conditioning. The exterior includes a patio and a fenced yard.
Utilities include public water and public sewer, with phone service available. Zoning is RS-3 PSL. A projected cap rate of 9.08% is noted for the current operating setup.
Key Highlights
- Co‑living setup with six rentable bedrooms plus separate efficiency suite for seven income‑producing rooms
- Efficiency suite has its own kitchenette, private bathroom, private entrance, and patio area
- Currently 100% occupied with consistently maintained 94–100% occupancy history
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,250
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,000
$625.0K
Cap Rate 7%
$446,429
$446.4K
Cap Rate 9%
$347,222
$347.2K
Market Conditions
NOI Build-Up for 2,128 SF
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.
Gross rent
$47.2K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$44.6K $20.98/SF
− OpEx
−$13.4K −$6.29/SF
NOI
$31.3K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,000
Cap Rate 7%
$446,429
Cap Rate 9%
$347,222
Alternative Uses
Best Use
Multifamily LT 5
$446.4K
$390.6K – $520.8K
NOI $31,250 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$414.5K
$362.7K – $483.6K
NOI $29,014 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$535.2K
$468.3K – $624.4K
NOI $37,461 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 34983, FL
43,654
Population
17,799
Households
2.5
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
14.9 sq mi
ZIP Area
2,930
Density / Sq Mi
$72,787
Median Household Income
$40,538
Median Earnings
$1,739
Median Rent
$293,500
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?
Duplex - Co-living duplex configured for seven income-producing rooms, including an efficiency suite, with patio and fenced yard.
Where is this duplex located?
The property is located at 303 NE Solida Circle Port St Lucie, FL.
What is the asking price?
The asking price for this property is $546,000.
What are key features of this property?
This property features: Co‑living setup with six rentable bedrooms plus separate efficiency suite for seven income‑producing rooms; Efficiency suite has its own kitchenette, private bathroom, private entrance, and patio area; Currently 100% occupied with consistently maintained 94–100% occupancy history
