Two-Unit CBS
For Sale
$270,000
1205 Avenue L, Fort Pierce, FL 34950
Each side provides two bedrooms, one bathroom, and mini-split air conditioning.
Property Size1,248 SF
Price / SF$216.35
Days on Market44
Property Features for 1205 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
$3,904
Amenities
mini split AC
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: Oct 30 at 7:55PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This CBS duplex contains two separate sides, each with a two-bedroom, one-bathroom layout. The property totals 1,248 square feet, and mini-split systems provide air conditioning for the units. Both sides are currently rented.
Located at 1205 Avenue L in Fort Pierce, the duplex is described as being near downtown and the beaches. The property combines a two-unit configuration with existing rental occupancy and installed cooling systems.
Located at 1205 Avenue L in Fort Pierce, the duplex is described as being near downtown and the beaches. The property combines a two-unit configuration with existing rental occupancy and installed cooling systems.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom on each side
- 1,248 square feet of total property size
- 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.
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
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
Check the figures for this property
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 - Each side provides two bedrooms, one bathroom, and mini-split air conditioning.
Where is this duplex located?
The property is located at 1205 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 two bedrooms and one bathroom on each side; 1,248 square feet of total property size; CBS construction
