Two-Unit Duplex with Private
New
For Sale
$515,000
1118 16TH N Court, Fort Pierce, FL 34950
Residential Income, Fort Pierce, FL
Property Size1,790 SF
Lot Size0.14 Acres
Price / SF$287.71
Days on Market2
Property Features for 1118 16TH N Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Medium Den
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2
Pets allowed
Yes, No
Exterior features
Garden
Subdivision
HIGHSIDE SUBDIVISION
Directions
I-95 to Okeechobee Rd/FL-70 EAST. Turn left at S 25th St, then right onto Avenue K, then right onto N 16th Ct. End at 1118 N 16th Ct, Fort Pierce, FL 34950.
Standard status
Active
APN
240481100060008
Size
1,790 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
HIGHSIDE S/D LOT 6
Tax Annual Amount
296
Legal Description
HIGHSIDE S/D LOT 6
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private back yard space
central air conditioning
private entrances
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Metal
Buildings
1
Listing Agency:
Beycome of Florida LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Nov 4
Last Checked: Nov 5 at 11:06PM
MLS# B26096445
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.
Completed in 2026, this 1,790-square-foot duplex contains two residences, each configured with two bedrooms and two bathrooms. Both units feature open-plan living areas, tile flooring, stainless steel appliances, granite countertops, private entrances, and central air conditioning. Insulated concrete block construction and an insulated metal roof are among the building’s specifications.
The property occupies 0.14 acres and includes private backyard areas and an oversized driveway with space for more than four vehicles. Public water and sewer serve the site.
The property occupies 0.14 acres and includes private backyard areas and an oversized driveway with space for more than four vehicles. Public water and sewer serve the site.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 1,790 square feet on a 0.14‑acre lot
- Built in 2026 with insulated concrete block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,287
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,740
$525.7K
Cap Rate 7%
$375,529
$375.5K
Cap Rate 9%
$292,078
$292.1K
Market Conditions
NOI Build-Up for 1,790 SF
Gross rent
$39.7K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$37.6K $20.98/SF
− OpEx
−$11.3K −$6.29/SF
NOI
$26.3K $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%
$525,740
Cap Rate 7%
$375,529
Cap Rate 9%
$292,078
Alternative Uses
Best Use
Multifamily LT 5
$375.5K
$328.6K – $438.1K
NOI $26,287 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$348.7K
$305.1K – $406.8K
NOI $24,406 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$450.2K
$393.9K – $525.2K
NOI $31,511 @ 7.0% cap · market cap 6.12%
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
403
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Newly built residences offer two bedrooms, two bathrooms, central air, and stainless steel appliances in each unit.
Where is this duplex located?
The property is located at 1118 16TH N Court Fort Pierce, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 1,790 square feet on a 0.14‑acre lot; Built in 2026 with insulated concrete block construction
