424 N 6TH STREET, Fort Pierce, FL 34950
multifamily - FORT PIERCE, FL
- Added:
- Apr 22, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 8 at 12:06 pm
Property Features for 424 N 6TH STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,054 SF
- Lot size
- 0.50 Acres
Utilities
- Heating system
- Wall Furnace
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1955
- Roof type
- Rolled/Hot Mop
- Architectural style
- Other
Listing agent Hoyt Murphy Jr (772) 971-7424
Listing office Paradise 411 North US Highway 1, FL (772) 461-3250
Listing date Apr 22, 2026
Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing duplex with existing tenants generating $4,050/month.
- Prime General Commercial corner lot location with high visibility, half a block from US‑1.
- Significant future development potential for restaurant, offices, retail, etc.
- Located near the planned Kings Landing mega development.
- Recent upgrades include electrical meters/breaker boxes and ceiling insulation.
- Adjacent vacant corner commercial lot included in sale.
Overview
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 | $45.6k | $22.20 |
| − Vacancy | −$2.5k | −$1.22 |
| EGI | $43.1k | $20.98 |
| − OpEx | −$12.9k | −$6.29 |
| NOI | $30.2k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3280293
- Latitude
- 27.4520238