Duplex with Private
For Sale
$680,000
11099 Ridge Avenue, Fort Pierce, FL 34982
Residential Income, Fort Pierce, FL
Property Size2,848 SF
Lot Size0.35 Acres
Price / SF$238.76
Days on Market593
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
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 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
Additional Details
Tenant in Place
Yes
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
Central, Electric (Heating)
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: Oct 23
Last Checked: Oct 24 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
This duplex in Fort Pierce contains two three-bedroom, two-bath units, creating a combined six-bedroom, four-bath configuration within 2,848 square feet. Kitchens and bathrooms have been remodeled, and both residences feature ceramic tile flooring, central heating, and central air conditioning. Each unit has access to a private pool, with patio space included.
The property occupies 0.35 acres at 11099 Ridge Avenue and is within walking distance of the Indian River. The site is also described as minutes from the beach. Built in 1980, the frame construction includes a composition roof, well water, septic service, and cable availability. RS-4Co zoning applies to the property.
The property occupies 0.35 acres at 11099 Ridge Avenue and is within walking distance of the Indian River. The site is also described as minutes from the beach. Built in 1980, the frame construction includes a composition roof, well water, septic service, and cable availability. RS-4Co zoning applies to the property.
Key Highlights
- Two‑unit duplex with a combined 6 bedrooms and 4 bathrooms
- 2,848 square feet on a 0.35‑acre lot
- Kitchens and bathrooms remodeled in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,824
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,480
$836.5K
Cap Rate 7%
$597,486
$597.5K
Cap Rate 9%
$464,711
$464.7K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$63.2K $22.20/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$59.7K $20.98/SF
− OpEx
−$17.9K −$6.29/SF
NOI
$41.8K $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%
$836,480
Cap Rate 7%
$597,486
Cap Rate 9%
$464,711
Alternative Uses
Best Use
Multifamily LT 5
$597.5K
$522.8K – $697.1K
NOI $41,824 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$554.7K
$485.4K – $647.2K
NOI $38,831 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$716.2K
$626.7K – $835.6K
NOI $50,136 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
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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 - Remodeled kitchens and bathrooms support a two-unit residential income property near the Indian River.
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 $680,000.
What are key features of this property?
This property features: Two‑unit duplex with a combined 6 bedrooms and 4 bathrooms; 2,848 square feet on a 0.35‑acre lot; Kitchens and bathrooms remodeled in both units
