New Construction
For Sale
$534,900
1305 AVENUE G, Fort Pierce, FL 34950
Two modern residences combine private suites, open living areas, covered porches, and contemporary kitchen finishes.
Property Size2,126 SF
Days on Market10
Property Features for 1305 AVENUE G
General Information
Standard status
Active
Size
2,126 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$432
Amenities
private covered rear porches
interior storage
dishwashers
Building Details
Building Size
2,126 SF
Year Built
2026
Buildings
1
Construction
CBS
Listing Agency:
Meant2b Realty LLC
Listed By:
Nicholas Tobis · License #3259725
(772) 888-5658
Source:
Meyerlucas
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 22 at 9:48PM
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 Meant2b Realty LLC
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences, each configured with three bedrooms, two bathrooms, and approximately 1,140 square feet of living space. Both units feature open living areas, split-bedroom layouts, private primary suites, interior storage, modern kitchens with dishwashers, and covered rear porches. Standing-seam metal roofing, energy-efficient windows, and solid-core doors add durable construction features throughout the property.
The property is located at 1305 Avenue G in Fort Pierce, Florida. Its two-unit configuration provides separate residences within one newly constructed asset, with each side offering a comparable layout and set of improvements. The design also accommodates private outdoor space for both units.
The property is located at 1305 Avenue G in Fort Pierce, Florida. Its two-unit configuration provides separate residences within one newly constructed asset, with each side offering a comparable layout and set of improvements. The design also accommodates private outdoor space for both units.
Key Highlights
- Two‑unit duplex completed in 2026
- Each residence offers 3 bedrooms, 2 bathrooms, and approximately 1,140 sq ft
- Open living areas with split‑bedroom layouts and private primary suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,221
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,420
$624.4K
Cap Rate 7%
$446,014
$446.0K
Cap Rate 9%
$346,900
$346.9K
Market Conditions
NOI Build-Up for 2,126 SF
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.
Gross rent
$47.2K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$44.6K $20.98/SF
− OpEx
−$13.4K −$6.29/SF
NOI
$31.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,420
Cap Rate 7%
$446,014
Cap Rate 9%
$346,900
Alternative Uses
Best Use
Multifamily LT 5
$446.0K
$390.3K – $520.4K
NOI $31,221 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$414.1K
$362.3K – $483.1K
NOI $28,987 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$534.7K
$467.8K – $623.8K
NOI $37,426 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
507
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two modern residences combine private suites, open living areas, covered porches, and contemporary kitchen finishes.
Where is this duplex located?
The property is located at 1305 AVENUE G Fort Pierce, FL.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; Each residence offers 3 bedrooms, 2 bathrooms, and approximately 1,140 sq ft; Open living areas with split‑bedroom layouts and private primary suites
