1205 Ave K, Fort Pierce, FL 34950
Three of four units are occupied, and one newly renovated unit is ready to lease in a four-unit property.
- Added:
- Jun 13, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 20 at 2:41 am
Property Features for 1205 Ave K
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.33 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1979
Listing office Korman Realty
Listing date Jun 13, 2026
Source Crexi
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 Korman Realty
HighLights
- Four‑unit quadplex built in 1979
- Three of four units are occupied, with one newly renovated unit ready to lease
- New roof in 2022
- Two new AC units
- All on an over 1/3‑acre lot
Overview
The property sits on a lot of more than one-third acre. It is located close to the beach, restaurants, and parks, and is described as just south of Hutchinson Island, offering an appealing area for renters who want access to coastal and local amenities.
For investors or operators looking for a four-door building with in-place occupancy, this configuration provides immediate rent support from the three occupied units. The ready-to-lease, renovated unit can help reduce downtime between tenants, while the roof and A/C updates provide a more current baseline for property maintenance. Schedule a tour to review unit conditions and confirm lease details directly with the seller.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.3k | $22.20 |
| − Vacancy | −$4.0k | −$1.22 |
| EGI | $69.2k | $20.98 |
| − OpEx | −$20.8k | −$6.29 |
| NOI | $48.5k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3356739
- Latitude
- 27.4596574
