Remodeled Three-Bedroom Duplex with
For Sale
$699,000
11099 Ridge Avenue, Fort Pierce, FL 34982
MULTI_FAMILY - Fort Pierce, FL
Property Size2,848 SF
Lot Size0.35 Acres
Price / SF$245.44
Days on Market507
Property Features for 11099 Ridge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-4Co
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Window features
Bay Window(s)
Patio and Porch features
Patio
Pool private
1
Subdivision
B S HARRIS SUBDIVISION
Directions
Dir: Walton Road to Indian River Drive, left to your first left (Main St) follow road to the Walton Community Center. Unit is on the left.
Standard status
Active
APN
353250300790104
Size
2,848 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
B S HARRIS S/D BLK 6 FROM SE COR LOT 2 RUN NWLY ALG W R/W RIDGE AV 240 FT TO POB, TH CONT ALG SD R/W 80 FT, TH WLY // WI
Tax Annual Amount
8914
Legal Description
B S HARRIS S/D BLK 6 FROM SE COR LOT 2 RUN NWLY ALG W R/W RIDGE AV 240 FT TO POB, TH CONT ALG SD R/W 80 FT, TH WLY // WI
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Well
Amenities
private pool
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Frame
Roof type
Composition
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Sergio Luis Martinez · License #637989
(786) 326-7698
Added: Mar 11, 2025
Changed: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# R11070336
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 remodeled three-bedroom duplex offers two separate 3-bedroom, 2-bath units with updated kitchens and bathrooms. The property includes tile-ceramic flooring, frame construction, and a patio. Heating and cooling are provided by central electric systems with central air, and the roof is a composition shingle roof. Each unit has access to a private pool.
Set on a 0.35-acre lot, the duplex totals 2,848 square feet and was built in 1980. Utilities include cable availability, with water provided by a well and sewer served by a septic tank. The property is described as within walking distance to the Indian River.
The duplex configuration supports live-in use with an income-producing companion unit, with both units sharing pool access.
Set on a 0.35-acre lot, the duplex totals 2,848 square feet and was built in 1980. Utilities include cable availability, with water provided by a well and sewer served by a septic tank. The property is described as within walking distance to the Indian River.
The duplex configuration supports live-in use with an income-producing companion unit, with both units sharing pool access.
Key Highlights
- Two remodeled 3‑bedroom, 2‑bath units in a duplex setup
- Each unit has access to a private pool plus patio
- 0.35‑acre lot and 2,848 SF total building size
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 | $63.2k | $22.20 |
| − Vacancy | −$3.5k | −$1.22 |
| EGI | $59.7k | $20.98 |
| − OpEx | −$17.9k | −$6.29 |
| NOI | $41.8k | $14.69 |
2,848 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$597.5K
$522.8K – $697.1K
NOI $41,824 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$554.7K
$485.4K – $647.2K
NOI $38,831 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$716.2K
$626.7K – $835.6K
NOI $50,136 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled three-bedroom duplex with private pool access, central electric HVAC, well and septic, and a patio.
Where is this duplex located?
The property is located at 11099 Ridge Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two remodeled 3‑bedroom, 2‑bath units in a duplex setup; Each unit has access to a private pool plus patio; 0.35‑acre lot and 2,848 SF total building size
