Two-Unit Residential Income
For Sale
$275,000
1109 Colonial Road A & B, Fort Pierce, FL 34950
Duplex for sale featuring two residential units at 1109 Colonial Road, Unit A and Unit B.
Property Size1,600 SF
Price / SF$171.88
Days on Market89
Property Features for 1109 Colonial Road A & B
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Building Details
Year Built
1925
Listing Agency:
Rook Realty LLC
Listed By:
Stacey Rook · License #3458470
(561) 699-8720
Source:
Lehmannflorida
Added: Jul 24
Changed: Oct 19
Last Checked: Oct 19 at 9:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rook Realty LLC
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Investment Insights
Based on property information with market context.
This for-sale residential income duplex is configured as two units, Unit A and Unit B, under one property address. The property totals 1,600 square feet.
The duplex is located at 1109 Colonial Road, Unit A & B, in Fort Pierce, Florida 34950. The listing includes the full address for the combined A and B units.
Offered as a single duplex property for buyers seeking a two-unit residential income setup.
The duplex is located at 1109 Colonial Road, Unit A & B, in Fort Pierce, Florida 34950. The listing includes the full address for the combined A and B units.
Offered as a single duplex property for buyers seeking a two-unit residential income setup.
Key Highlights
- Duplex with 2 residential units at 1109 Colonial Road (Unit A and Unit B)
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,496
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,920
$469.9K
Cap Rate 7%
$335,657
$335.7K
Cap Rate 9%
$261,067
$261.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$35.5K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$33.6K $20.98/SF
− OpEx
−$10.1K −$6.29/SF
NOI
$23.5K $14.69/SF
Area
St. Lucie 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%
$469,920
Cap Rate 7%
$335,657
Cap Rate 9%
$261,067
Alternative Uses
Best Use
Multifamily LT 5
$335.7K
$293.7K – $391.6K
NOI $23,496 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$311.6K
$272.7K – $363.6K
NOI $21,815 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale featuring two residential units at 1109 Colonial Road, Unit A and Unit B.
Where is this duplex located?
The property is located at 1109 Colonial Road A & B Fort Pierce, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex with 2 residential units at 1109 Colonial Road (Unit A and Unit B); Built in 1925
