New Construction
1118 N 16TH N Court, Fort Pierce, FL 34950
For Sale
New
$515,000
Two modern residences feature private entrances, central air conditioning, and dedicated backyard space.
Property Size1,790 SF
Days on Market4
Property Features for 1118 N 16TH N Court
General Information
Standard status
Size
Class
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
stainless steel appliances
granite countertops
large format porcelain tile flooring
insulated metal roof
central air conditioning
private entrances
private backyard
Building Details
Building Size
Year Built
Construction
Listing Agency:
Beycome of Florida LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Source:
Meyerlucas
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 1:13PM
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 Beycome of Florida LLC
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two 2-bedroom, 2-bathroom residences. Each home has an open layout, stainless steel appliances, granite countertops, porcelain tile flooring, and central air conditioning. Insulated concrete-block construction and an insulated metal roof are among the building features. A private entrance serves each residence, with backyard space and an oversized driveway offering parking for 4+ vehicles.
The property is in Fort Pierce, near shopping, restaurants, schools, parks, and major highways. Fort Pierce Inlet and Hutchinson Island are described as minutes away.
The property is in Fort Pierce, near shopping, restaurants, schools, parks, and major highways. Fort Pierce Inlet and Hutchinson Island are described as minutes away.
Key Highlights
- Two 2‑bedroom, 2‑bathroom residences
- New construction completed in 2026
- Insulated concrete‑block construction and insulated metal roof
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.
How Realmo checks its estimates
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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
$175,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Pierce, FL
Properties on Market for Duplexes in Fort Pierce
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two modern residences feature private entrances, central air conditioning, and dedicated backyard space.
Where is this duplex located?
The property is located at 1118 N 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 2‑bedroom, 2‑bathroom residences; New construction completed in 2026; Insulated concrete‑block construction and insulated metal roof
