Renovated Duplex with Multiple
711 S Ocean Drive Fort Pierce, FL 34949
711 S Ocean Drive, Fort Pierce, FL, 34949
$995,000
For Sale
$995,000
MULTI_FAMILY - Fort Pierce, FL
Property Size2,524 SF
Lot Size0.32 Acres
Price / SF$394.22
Days on Market145
Property Features for 711 S Ocean Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Driveway
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Exterior features
- Patio
- Standard status
- Active
- APN
- 240150300790005
- Size
- 2,524 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OCEAN VIEW S/D REVISED PLAT HOLLEY AND MORGAN S S/D BLK 8 LOTS7 AND 10
- Tax Annual Amount
- 10214
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Number of units
- 2
- Building materials
- Block, Concrete, Stucco
- Roof type
- Aluminum
- Additional Structures
- Outbuilding
Listing agency
Beach Front Mann Realty
(772) 229-1111
Listed by
Christopher Upton · License #3568178
(615) 995-9986
Added: Feb 27 Updated: Jul 18 at 8:32AM Checked: Jul 22 at 8:06PM
MLS# M20054589
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.
This fully renovated duplex at 711 S Ocean Drive offers flexible income and layout options. One side is leased annually while the other operates as a short-term rental, and the property is set up with four separate entrances to support day-to-day independence between units. A detached rear garage is located on a deep lot, and there is street access from both sides.
The property is positioned on South Beach in Fort Pierce on Hutchinson Island, across A1A from the sand, with an island setting near the Fort Pierce Inlet.
Electrical and plumbing were completely redone in 2024. With ample space on the lot, the site is positioned for an additional duplex or quadplex buildout of similar size, including parking, subject to applicable approvals.
The property is positioned on South Beach in Fort Pierce on Hutchinson Island, across A1A from the sand, with an island setting near the Fort Pierce Inlet.
Electrical and plumbing were completely redone in 2024. With ample space on the lot, the site is positioned for an additional duplex or quadplex buildout of similar size, including parking, subject to applicable approvals.
Key Highlights
- Directly across A1A from the beach on Hutchinson Island.
- Income‑producing duplex with one annual lease and one successful short‑term rental.
- Potential for quadplex conversion with four separate entrances already in place.
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 | $56.0k | $22.20 |
| − Vacancy | −$3.1k | −$1.22 |
| EGI | $53.0k | $20.98 |
| − OpEx | −$15.9k | −$6.29 |
| NOI | $37.1k | $14.69 |
2,524 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.5K
$463.3K – $617.8K
NOI $37,066 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$491.6K
$430.2K – $573.6K
NOI $34,414 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$634.7K
$555.4K – $740.5K
NOI $44,432 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated duplex on Hutchinson Island with four separate entrances, plus a detached rear garage and street access from both sides.
Where is this duplex located?
The property is located at 711 S Ocean Drive Fort Pierce, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Directly across A1A from the beach on Hutchinson Island.; Income‑producing duplex with one annual lease and one successful short‑term rental.; Potential for quadplex conversion with four separate entrances already in place.
