657 SW Cleveland Avenue Stuart, FL 34994
MULTI_FAMILY - Stuart, FL
Property Features for 657 SW Cleveland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Exterior features
- Fence, Patio, Shed
- Fencing
- Fenced
- Standard status
- Active
- APN
- 053841001000009209
- Size
- 1,417 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BESSEY ADDN LOT 92
- Tax Annual Amount
- 10928
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1957
- Number of units
- 3
- Flooring type
- Tile, Laminate
- Building materials
- Block, Concrete
- Roof type
- Metal
- Additional Structures
- Outbuilding
Listing agent Lisa Adams License #665288 (772) 215-3184
Listing office Illustrated Properties LLC / S 3601 SE Ocean Blvd, No. 101, PALM BEACH GADENS, FL (772) 221-1118
Listing date Jul 11, 2026
Copyright © 2026 Martin County REALTORS® of the Treasure Coast, Inc. 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 listing notes zoning flexibility for Residential, Multifamily, or Office use. Outdoor space includes room for boats, RVs, golf carts, and other recreational vehicles. The property is located at 657 SW Cleveland Avenue in Stuart, Florida.
With its compact, low-maintenance setup and three separate residences under one roof, the triplex is presented as turnkey for immediate occupancy based on the current furnished condition.
Key Highlights
- Triplex with two 1/1 units and one 2/1 unit, currently renovated and fully furnished
- Zoned for Residential, Multifamily, or Office space
- Shared on‑site laundry room plus individual storage units for each residence
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 | $31.5k | $22.20 |
| − Vacancy | −$1.7k | −$1.22 |
| EGI | $29.7k | $20.98 |
| − OpEx | −$8.9k | −$6.29 |
| NOI | $20.8k | $14.69 |
