Renovated Duplex with Metal
928 Fra Mar Place Fort Pierce, FL 34982
For Sale
$389,900
MULTI_FAMILY - Fort Pierce, FL
Property Size1,440 SF
Lot Size0.34 Acres
Price / SF$270.76
Days on Market105
Property Features for 928 Fra Mar Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RM-11 - Co
- Bedrooms
- 5
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 2
- Patio and Porch features
- Porch
- Pets allowed
- No, Yes
- Standard status
- Active
- APN
- 242770200750008
- Size
- 1,440 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WAGNER S/D BLK 2 LOTS 33 AND 34
- Tax Annual Amount
- 5563
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, CBS
- Roof type
- Metal
Listing Agency:
Paradise Homes Realty of the Treasure Coast
(772) 233-3531
Listed By:
Covasky Brutus · License #3458280
(772) 621-0762
Added: Apr 13
Changed: Jul 24
Last Checked: Jul 26 at 3:06PM
MLS# B26014879
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 well-maintained duplex at 928 Fra Mar Place offers two separate units under RM-11 - Co zoning. The exterior has been freshly painted, and the property features a durable metal roof. Unit 1 is a renovated 3-bedroom, 1-bath home with new kitchen cabinets and countertops, updated light fixtures, brand-new appliances (including refrigerator and stove), and tile flooring throughout. Unit 2 is a 2-bedroom, 1-bath unit currently rented at market rate.
Set on a 0.34-acre lot with a total property size of 1,440 square feet, the duplex provides an owner-occupant option with a renovated primary unit, while also maintaining a second income-producing unit with tenants in place.
Set on a 0.34-acre lot with a total property size of 1,440 square feet, the duplex provides an owner-occupant option with a renovated primary unit, while also maintaining a second income-producing unit with tenants in place.
Key Highlights
- Duplex with two units: Unit 1 is a renovated 3‑bedroom, 1‑bath; Unit 2 is a 2‑bedroom, 1‑bath currently rented.
- Unit 1 updates include new kitchen cabinets and countertops, updated light fixtures, brand‑new appliances (including refrigerator and stove), and tile flooring throughout.
- Unit 2 is tenant‑occupied and rented at market rate, providing immediate rental income.
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 | $32.0k | $22.20 |
| − Vacancy | −$1.8k | −$1.22 |
| EGI | $30.2k | $20.98 |
| − OpEx | −$9.1k | −$6.29 |
| NOI | $21.1k | $14.69 |
1,440 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$302.1K
$264.3K – $352.5K
NOI $21,147 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$280.5K
$245.4K – $327.2K
NOI $19,634 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$362.1K
$316.9K – $422.5K
NOI $25,350 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex on Fra Mar Place includes two rental units, with updated interiors and a durable metal roof.
Where is this duplex located?
The property is located at 928 Fra Mar Place Fort Pierce, FL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Duplex with two units: Unit 1 is a renovated 3‑bedroom, 1‑bath; Unit 2 is a 2‑bedroom, 1‑bath currently rented.; Unit 1 updates include new kitchen cabinets and countertops, updated light fixtures, brand‑new appliances (including refrigerator and stove), and tile flooring throughout.; Unit 2 is tenant‑occupied and rented at market rate, providing immediate rental income.
