Updated Duplex with Occupied
For Sale
$459,900
Pending
11315 SE GOLD Avenue, Hobe Sound, FL 33455
Two-unit residential income property with an updated kitchen and both sides occupied at closing.
Property Size2,204 SF
Days on Market49
Property Features for 11315 SE GOLD Avenue
General Information
Standard status
Pending
Size
2,204 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,558
Building Details
Building Size
2,204 SF
Year Built
1981
Listing Agency:
Coastal Real Estate Professionals LLC
Listed By:
Zachary A Greenberg · License #3252794
(772) 213-9455
Source:
Pposf
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 28 at 5:29PM
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 Coastal Real Estate Professionals LLC
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Investment Insights
Based on property information with market context.
This 2,204-square-foot duplex, built in 1981, includes two residential units. One side has a fully renovated kitchen and is occupied by a long-term tenant. The other unit is currently occupied by the owner, who is willing to remain, providing an established occupancy arrangement for the property.
Located in Hobe Sound, the property offers a two-unit configuration suited to residential income ownership. Its existing occupants and refreshed kitchen provide concrete operating features for a buyer evaluating a duplex acquisition.
Located in Hobe Sound, the property offers a two-unit configuration suited to residential income ownership. Its existing occupants and refreshed kitchen provide concrete operating features for a buyer evaluating a duplex acquisition.
Key Highlights
- 2,204‑square‑foot duplex with two residential units
- Built in 1981
- Both units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,366
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,320
$647.3K
Cap Rate 7%
$462,371
$462.4K
Cap Rate 9%
$359,622
$359.6K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$48.9K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$46.2K $20.98/SF
− OpEx
−$13.9K −$6.29/SF
NOI
$32.4K $14.69/SF
Area
Martin 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%
$647,320
Cap Rate 7%
$462,371
Cap Rate 9%
$359,622
Alternative Uses
Best Use
Multifamily LT 5
$462.4K
$404.6K – $539.4K
NOI $32,366 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$384.3K
$336.3K – $448.4K
NOI $26,901 @ 7.0% cap · market cap 5.85%
Theoretical Best
Retail
$579.0K
$506.6K – $675.5K
NOI $40,531 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 33455, FL
20,799
Population
11,681
Households
1.8
Avg Household Size
60
Median Age
36%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
367
Density / Sq Mi
$74,149
Median Household Income
$35,161
Median Earnings
$1,193
Median Rent
$395,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with an updated kitchen and both sides occupied at closing.
Where is this duplex located?
The property is located at 11315 SE GOLD Avenue Hobe Sound, FL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 2,204‑square‑foot duplex with two residential units; Built in 1981; Both units are occupied
