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    Income-Producing Corner Lot Duplex Title is generated by Realmo AI

    424 N 6TH STREET, Fort Pierce, FL 34950

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    Claim this Listing
    For Sale
    $445,000

    multifamily - FORT PIERCE, FL

    Property size:
    2,054 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $216/SF
    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

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    Listing Contact
    Hoyt Murphy Jr
    Hoyt Murphy Jr

    Listing agent Hoyt Murphy Jr

    Listing office Paradise 411 North US Highway 1, FL

    Listing date Apr 22, 2026

    MLS# B26018562 Listing URL

    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

    This property features a 2,054 square foot concrete block duplex situated on a half-acre general commercial corner lot. Located just half a block east of US-1, the property offers visibility and future development potential. The duplex includes a 3/2 unit, currently renting for $2,550 per month, and a 2/1 unit, renting for $1,500 per month, with one tenant in place since 2011. Electrical meters and breaker boxes were replaced approximately 5 years ago, and ceilings were insulated approximately 4 years ago. The property is located only a couple of blocks from the planned Kings Landing mega development, and within one block of the New Phatz Restaurant and the new Holy Family Veterinary Hospital. It is also near Historic Downtown Fort Pierce and the City Marina. The property includes an adjacent corner commercial lot. The taxes for the duplex are $4,547 and the taxes for the vacant adjacent corner commercial lot are $386. The property is located in Fort Pierce, Florida.

    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
    2,054 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $430.9K
    $377.1K – $502.7K (±1% cap)
    NOI $30,164 @ 7.0% cap · market cap 6.78%
    Second Best
    Apartment 5plus
    $400.1K
    $350.1K – $466.8K (±1% cap)
    NOI $28,005 @ 7.0% cap · market cap 6.29%
    Theoretical Best
    Office A
    $516.6K
    $452.0K – $602.7K (±1% cap)
    NOI $36,159 @ 7.0% cap · market cap 8.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    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
    -80.3280293
    Latitude
    27.4520238

    FAQs

    What type of property is this?
    Duplex - Half-acre commercial corner lot with duplex near US-1.
    Where is this duplex located?
    The property is located at 424 N 6TH STREET Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: 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.
    More about this property
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