Updated Two-Unit
For Sale
$299,000
Pending
1226 Easter Avenue, Fort Pierce, FL 34950
Recently refreshed interiors, existing appliances, and public water and sewer support residential occupancy.
Property Size1,248 SF
Days on Market63
Property Features for 1226 Easter Avenue
General Information
Standard status
Pending
Size
1,248 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1938
Buildings
1
Listing Agency:
Elevate Realty LLC
Listed By:
Laura Marie Auten · License #3499523
(561) 427-3923
Source:
Lehmannflorida
Added: Aug 6
Changed: Oct 6
Last Checked: Oct 7 at 1:51PM
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 Elevate Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,248 square feet arranged as two residential units. Each unit includes two bedrooms and one bathroom, along with laminate flooring, existing appliances, and updated interior finishes. The layouts include living areas and bedrooms configured for everyday residential use.
The property is in Fort Pierce, with shopping, dining, schools, parks, downtown Fort Pierce, and Treasure Coast beaches described as minutes away. Public water and sewer serve the duplex.
The property is in Fort Pierce, with shopping, dining, schools, parks, downtown Fort Pierce, and Treasure Coast beaches described as minutes away. Public water and sewer serve the duplex.
Key Highlights
- Two‑unit duplex with 1,248 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Recently updated interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,327
Cap Rate
6.13%
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 6.13%
Second Best
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,016 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$313.9K
$274.6K – $366.2K
NOI $21,970 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,101
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Recently refreshed interiors, existing appliances, and public water and sewer support residential occupancy.
Where is this duplex located?
The property is located at 1226 Easter Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,248 square feet; Each unit includes 2 bedrooms and 1 bathroom; Recently updated interior finishes
