CBS Duplex with Two
1203 AVENUE L, Fort Pierce, FL 34950
For Sale
$270,000
Residential Income, Fort Pierce, FL
Property Size1,248 SF
Lot Size0.16 Acres
Price / SF$216.35
Days on Market51
Property Features for 1203 AVENUE L
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Amenities
mini split AC
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 7 at 2:06PM
MLS# B26078275
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 1,248-square-foot duplex contains two separate residences, each with 2 bedrooms and 1 bathroom. Built in 1966, the property uses block/CBS construction, tile flooring, ductless mini-split cooling, and a shingle and composition roof. Both units are fully rented, providing an established residential income configuration.
The 0.16-acre property is located at 1203 Avenue L in Fort Pierce, near downtown and the beaches. Public water and public sewer serve the site, and the property is identified with Medium Den zoning. The two-unit layout and existing occupancy offer a straightforward multifamily format in a residential setting.
The 0.16-acre property is located at 1203 Avenue L in Fort Pierce, near downtown and the beaches. Public water and public sewer serve the site, and the property is identified with Medium Den zoning. The two-unit layout and existing occupancy offer a straightforward multifamily format in a residential setting.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per side
- 1,248 square feet on a 0.16‑acre lot
- Fully rented at the time of listing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,327
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,540
$366.5K
Cap Rate 7%
$261,814
$261.8K
Cap Rate 9%
$203,633
$203.6K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$27.7K $22.20/SF
− Vacancy
−$1.5K −$1.22/SF
EGI
$26.2K $20.98/SF
− OpEx
−$7.9K −$6.29/SF
NOI
$18.3K $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%
$366,540
Cap Rate 7%
$261,814
Cap Rate 9%
$203,633
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.5K
NOI $18,327 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,016 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$313.9K
$274.6K – $366.2K
NOI $21,970 @ 7.0% cap · market cap 8.14%
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
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
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
$175,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Fully occupied duplex near downtown and the beaches, with separate two-bedroom, one-bathroom residences.
Where is this duplex located?
The property is located at 1203 AVENUE L Fort Pierce, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per side; 1,248 square feet on a 0.16‑acre lot; Fully rented at the time of listing
