Four-Unit Income Property with Duplex
For Sale
Contact for pricing
1135 17th Place, Vero Beach, FL 32960
Four fully occupied units with separate electric meters and newer rear duplex construction, offering straightforward renovation-based upside.
Property Size1,595 SF
Price / SF$429.47
Days on Market128
Property Features for 1135 17th Place
General Information
Standard status
Active
Size
1,595 SF
Property subtype
Multifamily
Zoning
M
Building Details
Year Built
1940
Units
4
Listing Agency:
EXP Realty LLC
(772) 913-4844
Listed By:
Katie Holmes · License #3530743
Source:
Crexi
Added: Apr 13
Changed: Aug 14
Last Checked: Aug 17 at 4:10PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This four-unit income property is configured as two duplex buildings, with the rear duplex described as newer construction and the front duplex positioned as a value-add opportunity. The front portion is noted as potentially needing roof and interior updates, while the overall setup includes separate electric meters and city water/sewer service. The property is fully occupied, and a portion of the rental income is supported by housing assistance programs.
The asset is located in downtown Vero Beach. The property is currently used as multifamily, but the industrial zoning is described as allowing flexibility, with the present multifamily use legally non-conforming. Showings are available only after an accepted contract, and a deal sheet is available for qualified buyers.
For buyers or operators evaluating small residential income opportunities, the newer rear construction provides one portion of the building with a more recent profile, while the front building’s indicated maintenance needs and the mention of potential 2BR conversion work point to renovation options within the existing duplex layout. With consistent occupancy and a strong rental history described as steady income, the property may appeal to investors seeking immediate cash flow supported by tenant rent programs alongside targeted improvements in the front structure.
The asset is located in downtown Vero Beach. The property is currently used as multifamily, but the industrial zoning is described as allowing flexibility, with the present multifamily use legally non-conforming. Showings are available only after an accepted contract, and a deal sheet is available for qualified buyers.
For buyers or operators evaluating small residential income opportunities, the newer rear construction provides one portion of the building with a more recent profile, while the front building’s indicated maintenance needs and the mention of potential 2BR conversion work point to renovation options within the existing duplex layout. With consistent occupancy and a strong rental history described as steady income, the property may appeal to investors seeking immediate cash flow supported by tenant rent programs alongside targeted improvements in the front structure.
Key Highlights
- 4‑unit income property in downtown Vero Beach, fully occupied
- Generates about $5,995/month (~$71,940/year) at approximately 8% cap rate
- Rear duplex is newer construction with 2 units; front duplex has 2 units with potential 2BR conversion
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Explore this area
Business Placement
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied units with separate electric meters and newer rear duplex construction, offering straightforward renovation-based upside.
Where is this quadplex located?
The property is located at 1135 17th Place Vero Beach, FL.
What is the asking price?
The asking price for this property is $684,999.
What are key features of this property?
This property features: 4‑unit income property in downtown Vero Beach, fully occupied; Generates about $5,995/month (~$71,940/year) at approximately 8% cap rate; Rear duplex is newer construction with 2 units; front duplex has 2 units with potential 2BR conversion
