New
For Sale
$429,000
803 SE TARPON Avenue, Stuart, FL 34994
Residential Income, Stuart, FL
Property Size1,644 SF
Lot Size0.10 Acres
Price / SF$260.95
Days on Market4
Property Features for 803 SE TARPON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
yes
Bedrooms
21
Full bathrooms
6
Rooms
Bedroom 15, Bathroom 3, Bedroom 2, Bedroom 16, Bedroom 21, Bedroom 4, Bedroom 10, Bedroom 1, Bedroom 11, Bathroom 2, Bathroom 5, Bedroom 7, Bedroom 13, Bathroom 6, Bathroom 1, Bedroom 6, Bedroom 20, Bedroom 3, Bedroom 19, Bedroom 8, Bedroom 5, Bathroom 4, Bedroom 12, Bedroom 18, Bedroom 9, Bedroom 14, Bedroom 17
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Subdivision
RUFF'S LITTLE DIXIE
Elementary school
J.D. Parker
Middle school
Stuart
High school
Jensen Beach
Standard status
Active
APN
043841017008000206
Size
1,644 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RUFF'S LITTLE DIXIE 2ND ADD'N LOT 2 BLK 8
Tax Annual Amount
3697
Legal Description
RUFF'S LITTLE DIXIE 2ND ADD'N LOT 2 BLK 8
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Wall/Window Unit(s), Central Air, Heat Pump, Window Unit(s)
Water source
Public
Building Details
Year built
1983
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
Attic/Crawl Hatchway(s) Insulated, Frame, Stucco
Roof type
Aluminum
Listing Agency:
Real Estate of Florida
(772) 600-7400
Listed By:
Martin T. McGuire · License #3216957
(772) 240-4942
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 8 at 9:06PM
MLS# B26084587
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.
This triplex contains 1,644 square feet on a 0.1-acre parcel. Built in 1983, the structure has frame and stucco construction, vinyl flooring, and an aluminum roof. Heating is provided by a heat pump, with central air and window or wall units listed for cooling.
The property has a ramped approach, fenced grounds, public water, and public sewer. Cable is available.
The property has a ramped approach, fenced grounds, public water, and public sewer. Cable is available.
Key Highlights
- 1,644 square feet on a 0.1‑acre lot
- Built in 1983
- Public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,143
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,860
$482.9K
Cap Rate 7%
$344,900
$344.9K
Cap Rate 9%
$268,256
$268.3K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$36.5K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$34.5K $20.98/SF
− OpEx
−$10.3K −$6.29/SF
NOI
$24.1K $14.69/SF
Area
Martin County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,860
Cap Rate 7%
$344,900
Cap Rate 9%
$268,256
Alternative Uses
Best Use
Multifamily LT 5
$344.9K
$301.8K – $402.4K
NOI $24,143 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$286.7K
$250.8K – $334.4K
NOI $20,066 @ 7.0% cap · market cap 4.68%
Theoretical Best
Retail
$431.9K
$377.9K – $503.9K
NOI $30,233 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 34994, FL
17,843
Population
10,086
Households
1.8
Avg Household Size
51
Median Age
36%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,663
Density / Sq Mi
$62,895
Median Household Income
$33,547
Median Earnings
$1,558
Median Rent
$248,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Public water and sewer service the property, which also has a ramped approach and fenced grounds.
Where is this triplex located?
The property is located at 803 SE TARPON Avenue Stuart, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,644 square feet on a 0.1‑acre lot; Built in 1983; Public water and public sewer
