Updated Duplex with Separate
1504 41st Avenue Vero Beach, FL 32960
For Sale
$399,000
MULTI_FAMILY - Vero Beach, FL
Property Size1,910 SF
Lot Size0.29 Acres
Price / SF$208.90
Days on Market94
Property Features for 1504 41st Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RM-8
- Bedrooms
- 5
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2
- Pets allowed
- Yes, No
- Exterior features
- Storage
- Fencing
- Fenced
- Standard status
- Active
- APN
- 33391000002001000013
- Size
- 1,910 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- VANTRICIAN SUBDIVISION BLK 1 LOT 13 PBI 8-19
- Tax Annual Amount
- 5059
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- CBS, Concrete Block - With Stucco, Stucco
- Roof type
- Metal
- Additional Structures
- Storage
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
John C DiGirolomo · License #3458838
(772) 713-4204
Added: Apr 23
Changed: Jul 25
Last Checked: Jul 25 at 3:06PM
MLS# B26019464
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated duplex includes two residential units with separate utilities. The 1504 side offers a 3BR/2BA layout and is described as move-in ready with a beautifully updated bath. The 1506 unit is a renovated 2BR/1BA home on a flexible month-to-month lease, generating $1,600/month, and features granite countertops, solid wood shaker cabinets, a tile bath, an enclosed Florida room, and a fenced yard.
Additional property improvements and amenities noted include a newer metal roof, a screened porch, a carport with a utility sink, a large shed, and extra storage. The property is described as set on a dead-end street, with proximity to shopping, dining, schools, and major routes.
Zoned RM-8, the duplex presents an owner-occupant or investor format with distinct unit configurations and independent utility arrangements.
Additional property improvements and amenities noted include a newer metal roof, a screened porch, a carport with a utility sink, a large shed, and extra storage. The property is described as set on a dead-end street, with proximity to shopping, dining, schools, and major routes.
Zoned RM-8, the duplex presents an owner-occupant or investor format with distinct unit configurations and independent utility arrangements.
Key Highlights
- Updated Vero Beach duplex at 1504‑1506 41st Avenue with separate utilities
- Front unit (1504) is vacant 3BR/2BA and move‑in ready
- Back unit (1506) is renovated 2BR/1BA with flexible month‑to‑month lease generating $1,600/month
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 | $33.2k | $17.40 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $31.5k | $16.50 |
| − OpEx | −$9.5k | −$4.95 |
| NOI | $22.1k | $11.55 |
1,910 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.1K
$275.7K – $367.6K
NOI $22,054 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$290.8K
$254.5K – $339.3K
NOI $20,359 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$418.9K
$366.5K – $488.7K
NOI $29,321 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated duplex offering separate utilities, a screened porch, and a newer metal roof across two residential units.
Where is this duplex located?
The property is located at 1504 41st Avenue Vero Beach, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Updated Vero Beach duplex at 1504‑1506 41st Avenue with separate utilities; Front unit (1504) is vacant 3BR/2BA and move‑in ready; Back unit (1506) is renovated 2BR/1BA with flexible month‑to‑month lease generating $1,600/month
