Remodeled Duplex with Pool
For Sale
$680,000
11099 Ridge Avenue, Fort Pierce, FL 34982
Two remodeled residences offer three-bedroom layouts, river proximity, and individual access to a private pool.
Property Size2,848 SF
Price / SF$238.76
Days on Market567
Property Features for 11099 Ridge Avenue
General Information
Standard status
Active
Size
2,848 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,913
Amenities
private pool
Building Details
Year Built
1980
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Sergio Luis Martinez · License #637989
(786) 326-7698
Source:
Exitrealty
Added: Apr 10, 2025
Changed: Oct 26
Last Checked: Oct 14 at 8:20PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two three-bedroom, two-bath residences. Unit A and Unit B each feature remodeled kitchens and bathrooms, providing updated interior finishes across both sides of the property. Each residence also has access to a private pool.
The property is located at 11099 Ridge Avenue in Fort Pierce, Florida, with the Indian River within walking distance. The two-unit configuration supports an income property setup, including the option to occupy one residence while renting the other.
The property is located at 11099 Ridge Avenue in Fort Pierce, Florida, with the Indian River within walking distance. The two-unit configuration supports an income property setup, including the option to occupy one residence while renting the other.
Key Highlights
- Duplex with two 3/2 units
- Kitchens and bathrooms remodeled in both units
- Private pool access for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,824
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,480
$836.5K
Cap Rate 7%
$597,486
$597.5K
Cap Rate 9%
$464,711
$464.7K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$63.2K $22.20/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$59.7K $20.98/SF
− OpEx
−$17.9K −$6.29/SF
NOI
$41.8K $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%
$836,480
Cap Rate 7%
$597,486
Cap Rate 9%
$464,711
Alternative Uses
Best Use
Multifamily LT 5
$597.5K
$522.8K – $697.1K
NOI $41,824 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$554.7K
$485.4K – $647.2K
NOI $38,831 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$716.2K
$626.7K – $835.6K
NOI $50,136 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
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 - Two remodeled residences offer three-bedroom layouts, river proximity, and individual access to a private pool.
Where is this duplex located?
The property is located at 11099 Ridge Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Duplex with two 3/2 units; Kitchens and bathrooms remodeled in both units; Private pool access for each residence
