Income Producing
1806 22nd Avenue Vero Beach, FL 32960
1806 22nd Avenue, Vero Beach, FL, 32960
Contact for pricing
For Sale
Contact for pricing
Pending
Duplex with two rented units, each offering two bedrooms and one bath, with recently updated, tile-finished interiors.
Property Size1,568 SF
Days on Market261
Property Features for 1806 22nd Avenue
General Information
- Standard status
- Pending
- Size
- 1,568 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing Agency
Compass Florida LLC
(772) 713-7318
Listed by
Vernon Keene · License #3473389
Source
Crexi
Added: Nov 2, 2025 Updated: Jul 10 at 2:01 pm Checked: Jul 20 at 6:16 am
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This duplex presents a straightforward income-producing setup with two separate residential units. Each unit includes two bedrooms and one full bathroom, with tile flooring throughout. The property has been recently updated, and it offers an outdoor backyard area with new landscaping, adding usable space beyond the interior living areas.
Located downtown in Vero Beach, the property is positioned close to shopping, supporting everyday convenience for tenants. The layout is designed to accommodate two households within one building, and both units are currently rented.
For buyers seeking a small residential income property, the current tenant occupancy and unit configuration can simplify near-term ownership considerations. With a consistent two-bedroom, one-bath design in each unit, the property offers an efficient footprint for residential leasing. The recently updated finishes and tile throughout are practical from a maintenance and presentation standpoint, while the backyard and landscaping provide an additional amenity that can help support tenant satisfaction. Please note that rental income terms are not provided here; prospective buyers should confirm all lease details and financials during due diligence.
Located downtown in Vero Beach, the property is positioned close to shopping, supporting everyday convenience for tenants. The layout is designed to accommodate two households within one building, and both units are currently rented.
For buyers seeking a small residential income property, the current tenant occupancy and unit configuration can simplify near-term ownership considerations. With a consistent two-bedroom, one-bath design in each unit, the property offers an efficient footprint for residential leasing. The recently updated finishes and tile throughout are practical from a maintenance and presentation standpoint, while the backyard and landscaping provide an additional amenity that can help support tenant satisfaction. Please note that rental income terms are not provided here; prospective buyers should confirm all lease details and financials during due diligence.
Key Highlights
- Duplex built in 1968 with two units, each offering 2 bedrooms and 1 bath
- Both units are currently rented
- Recently updated interiors with tile throughout
Local 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 | $27.3k | $17.40 |
| − Vacancy | −$1.4k | −$0.90 |
| EGI | $25.9k | $16.50 |
| − OpEx | −$7.8k | −$4.95 |
| NOI | $18.1k | $11.55 |
1,568 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.6K
$226.3K – $301.8K
NOI $18,105 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$238.8K
$208.9K – $278.6K
NOI $16,713 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$343.9K
$300.9K – $401.2K
NOI $24,071 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with two rented units, each offering two bedrooms and one bath, with recently updated, tile-finished interiors.
Where is this duplex located?
The property is located at 1806 22nd Avenue Vero Beach, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Duplex built in 1968 with two units, each offering 2 bedrooms and 1 bath; Both units are currently rented; Recently updated interiors with tile throughout
