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Move-In Ready Half Duplex

96 SE Norfolk Blvd Stuart, FL 34997

New
96 SE Norfolk Blvd, Stuart, FL, 34997
$289,500
For Sale
$289,500

MULTI_FAMILY - Stuart, FL

Property Size1,131 SF
Price / SF$255.97
Days on Market7

Property Features for 96 SE Norfolk Blvd

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking
2
Standard status
Active
APN
403841003000009106
Size
1,131 SF

Taxes and HOA fees

Tax Year
2025
Tax Description
FISHERMANS COVE SEC 2 PHASE 1 LOT 91 E 1/2
Tax Annual Amount
3719

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric, Ceiling Fan(s)

Building Details

Year built
1980
Floors in Building
1
Flooring type
Tile, Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing agency The Keyes Company
Listed by Kelvin Ching · License #3298166
Added: Jul 17 Checked: Jul 23 at 5:06AM
MLS# A12053147

Copyright © 2026 Miami REALTORS®. 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 half duplex offers three bedrooms and one and a half bathrooms with durable concrete block construction. Inside, you’ll find ceramic tile flooring throughout, neutral interior finishes, and stainless steel appliances, along with a full-size washer and dryer. A new roof was installed in 2024, and the property is described as move-in ready.

Located in the Fisherman’s Cove community in Stuart, the home is positioned in a No HOA neighborhood just off Kanner Highway, providing easy access to I-95. The remarks also note that major retail and everyday conveniences are nearby, including Costco, Publix, and Walgreens.

The adjoining half duplex is also available for purchase (4503 SE Ontario Dr, Stuart, FL 34997), which may appeal to buyers looking to own both units for expanded living or rental income.

Key Highlights

  • 3‑bedroom, 1.5‑bath half duplex in the Fisherman's Cove community of Stuart
  • Concrete block and stucco construction with ceramic tile flooring throughout
  • Central air with electric HVAC and ceiling fans; electric heating

Local Financial Insights For Apartment 5plus

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 $26.9k $23.76
− Vacancy −$1.8k −$1.57
EGI $25.1k $22.19
− OpEx −$11.3k −$9.99
NOI $13.8k $12.21
1,131 SF · lease $23.76/SF/yr · vacancy 6.60% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$197.2K
$172.6K – $230.1K (±1% cap)
NOI $13,804 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$297.1K
$260.0K – $346.7K (±1% cap)
NOI $20,799 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Dental Office Building Supply HVAC Service Restaurant Electrical Service Grocery & Convenience Store Barber Shop (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Single family property - Well maintained half duplex with concrete block construction, ceramic tile floors, and a new 2024 roof.
Where is this single family property located?
The property is located at 96 SE Norfolk Blvd Stuart, FL.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: 3‑bedroom, 1.5‑bath half duplex in the Fisherman's Cove community of Stuart; Concrete block and stucco construction with ceramic tile flooring throughout; Central air with electric HVAC and ceiling fans; electric heating
Contact an agent
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