515 Palm Avenue Fort Pierce, FL 34982
MULTI_FAMILY - Fort Pierce, FL
Property Features for 515 Palm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Medium Den
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Pets allowed
- No, Yes
- Exterior features
- Barbecue
- Standard status
- Active
- APN
- 242260202150000
- Size
- 1,650 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MARAVILLA GARDENS S/D-UNIT 1- W 60 FT OF E 610 FT OF LOT 45 (OR 3289-2579)
- Tax Annual Amount
- 3645
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- Block, CBS, Stucco
- Roof type
- Flat
Listing agent Ethan McAuliffe PA License #3348418 (772) 359-0300
Listing office EXP Realty LLC 10752 Deerwood Park Blvd #100, Tampa, FL (888) 883-8509
Listing date May 11, 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.
The duplex is positioned with easy access to US 1 and downtown Fort Pierce, supporting convenient day-to-day connectivity for residents.
With tenants already in place, the property may appeal to buyers seeking an operational residential income setup. The below-market monthly rents noted in the remarks provide a starting point for evaluating current tenancy and future rent strategy, subject to buyer review of lease terms and on-site conditions.
Key Highlights
- CBS duplex with 2/1 units (one on each side)
- Tenants are in place; impact windows throughout
- Year built: 1969
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 | $36.6k | $22.20 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $34.6k | $20.98 |
| − OpEx | −$10.4k | −$6.29 |
| NOI | $24.2k | $14.69 |
