Updated Duplex with Tile
For Sale
$375,000
1806 22nd Avenue, Vero Beach, FL 32960
Residential Income, Vero Beach, FL
Property Size1,568 SF
Lot Size0.17 Acres
Price / SF$239.16
Days on Market369
Property Features for 1806 22nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-10/
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Subdivision
OSCEOLA PARK HOME SITES
Directions
hwy 60 east turn right on 22nd ave. home on the right
Standard status
Active
APN
333902000160070000071
Size
1,568 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
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
Legal Description
OSCEOLA PARK HOMESITES SUB BLK 7 W 1/2 OF LOT 7 PBS 3-58 & 59
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Amenities
backyard
landscaping
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS, Concrete
Buildings
1
Listing Agency:
Compass Florida LLC
(772) 492-7777
Listed By:
Vernon Keene · License #3473389
(772) 713-7318
Added: Oct 25, 2025
Changed: Oct 24
Last Checked: Oct 28 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each with two bedrooms and one bathroom. The 1,568-square-foot property was built in 1968 and has tile flooring throughout, concrete block and concrete construction, and wall or window cooling supplemented by ceiling fans. Both units are currently rented, providing an existing occupied configuration. The 0.17-acre site includes a backyard area and recently added landscaping. Located in downtown Vero Beach near shopping, the property is zoned RM-10/.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- 1,568 square feet on a 0.17‑acre lot
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,105
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,100
$362.1K
Cap Rate 7%
$258,643
$258.6K
Cap Rate 9%
$201,167
$201.2K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$27.3K $17.40/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$25.9K $16.50/SF
− OpEx
−$7.8K −$4.95/SF
NOI
$18.1K $11.55/SF
Area
Indian River County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,100
Cap Rate 7%
$258,643
Cap Rate 9%
$201,167
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
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Business Placement
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
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-bedroom units with one bath each, tile flooring, and current occupancy in a downtown setting.
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: Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit; 1,568 square feet on a 0.17‑acre lot; Both units are currently rented
