Renovated Duplex with Covered
New
For Sale
$275,000
1109 Colonial Road A & B, Fort Pierce, FL 34950
Both residences have updated interiors, with separate electric meters and shared laundry behind the building.
Property Size1,600 SF
Price / SF$171.88
Days on Market5
Property Features for 1109 Colonial Road A & B
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
shared washer/dryer
covered front porch
Building Details
Year Built
1925
Listing Agency:
Rook Realty LLC
Listed By:
Stacey Rook · License #3458470
(561) 699-8720
Source:
Lehmannflorida
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:49PM
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 1,600-square-foot duplex in Fort Pierce dates to 1925. Both units have renovated interiors; updates include a newer kitchen and A/C units in one residence and a new bathroom in the other. The building also has a covered front porch and shared washer and dryer behind the property.
A roof replacement was completed in 2020, and most windows were replaced in 2021. Each unit has its own electric meter, while water is shared. The same tenants have occupied the property since 2022. The latest four-point inspection reported no deficiencies.
A roof replacement was completed in 2020, and most windows were replaced in 2021. Each unit has its own electric meter, while water is shared. The same tenants have occupied the property since 2022. The latest four-point inspection reported no deficiencies.
Key Highlights
- Two‑unit duplex totaling 1,600 square feet
- Built in 1925
- Roof replaced in 2020; most windows replaced in 2021
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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Lease Details
2
Residential units
Yes
Utilities to site
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 - Both residences have updated interiors, with separate electric meters and shared laundry behind the building.
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: Two‑unit duplex totaling 1,600 square feet; Built in 1925; Roof replaced in 2020; most windows replaced in 2021
