Two-Unit CBS Duplex with
For Sale
$270,000
1203 Avenue L, Fort Pierce, FL 34950
Both two-bedroom, one-bath residences are occupied and cooled by individually installed mini-split systems.
Property Size1,248 SF
Price / SF$216.35
Days on Market44
Property Features for 1203 Avenue L
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,309
Building Details
Buildings
1
Construction
CBS
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Source:
Exprealty
Added: Sep 19
Changed: Oct 31
Last Checked: Nov 1 at 6:20AM
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
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Investment Insights
Based on property information with market context.
This CBS duplex contains two separate residences, with each side configured as a two-bedroom, one-bath unit. The property totals 1,248 square feet and includes mini-split systems for air conditioning. Both units are currently rented, providing an occupied residential income asset.
The property is located at 1203 Avenue L in Fort Pierce, with downtown and area beaches nearby. Its two-unit layout offers a straightforward configuration for residential income ownership.
The property is located at 1203 Avenue L in Fort Pierce, with downtown and area beaches nearby. Its two-unit layout offers a straightforward configuration for residential income ownership.
Key Highlights
- Two‑unit duplex with a 2/1 layout on each side
- 1248 square feet total
- CBS construction
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.
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Property Analytics
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Open Analytics
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both two-bedroom, one-bath residences are occupied and cooled by individually installed mini-split systems.
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 a 2/1 layout on each side; 1248 square feet total; CBS construction
