Duplex Income
1806 22nd Avenue Vero Beach, FL 32960
For Sale
$375,000
MULTI_FAMILY - Vero Beach, FL
Property Size1,568 SF
Lot Size0.17 Acres
Price / SF$239.16
Days on Market276
Property Features for 1806 22nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-10/
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Standard status
Active
APN
333902000160070000071
Size
1,568 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OSCEOLA PARK HOMESITES SUB BLK 7 W 1/2 OF LOT 7 PBS 3-58 & 59
Tax Annual Amount
3404
Utilities
Cooling system
Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS, Concrete
Listing Agency:
Compass Florida LLC
(772) 492-7777
Listed By:
Vernon Keene · License #3473389
(772) 713-7318
Added: Oct 25, 2025
Changed: Jul 24
Last Checked: Jul 27 at 9:06AM
MLS# R11135460
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 duplex income property consists of two residential units, each featuring 2 bedrooms and 1 bath. The interior has tile throughout and was recently updated. The property also includes a backyard area with new landscaping.
The home is located in Vero Beach, Florida, at 1806 22nd Avenue, in the downtown area and close to shopping. It sits on a 0.17-acre lot.
Zoned RM-10/, the duplex provides a straightforward setup for investors seeking a currently rented configuration.
The home is located in Vero Beach, Florida, at 1806 22nd Avenue, in the downtown area and close to shopping. It sits on a 0.17-acre lot.
Zoned RM-10/, the duplex provides a straightforward setup for investors seeking a currently rented configuration.
Key Highlights
- Duplex with 2 bedrooms and 1 bath in each unit
- Both units currently rented
- All tile flooring throughout
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 4.83%
Second Best
Apartment 5plus
$238.8K
$208.9K – $278.6K
NOI $16,713 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$343.9K
$300.9K – $401.2K
NOI $24,071 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers 2 bedrooms and 1 bath, with tile floors and recent updates; both units are currently rented.
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 $375,000.
What are key features of this property?
This property features: Duplex with 2 bedrooms and 1 bath in each unit; Both units currently rented; All tile flooring throughout
