15-Unit Waterfront Apartment
2100 NE Indian River Dr, Jensen Beach, FL 34957
For Sale
Contact for pricing
Two separate buildings offer refreshed interiors and a mix of one-bedroom and efficiency units.
Property Size6,764 SF
Price / SF$398.43
Days on Market98
Property Features for 2100 NE Indian River Dr
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Investment Type
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Building Details
Buildings
Units
Tenancy
Listing Agency:
Crady Mackin Belland Commercial Real Estate
Listed By:
Conor Mackin · License FL BK3495289
(772) 291-8443
Source:
Crexi
Added: Aug 6
Changed: Nov 7
Last Checked: Nov 10 at 8:19AM
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 Crady Mackin Belland Commercial Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property includes two residential buildings with 15 units in total. The unit mix consists of 8 single-bedroom apartments in one building and 7 efficiency apartments in the other. Both buildings have received full interior and exterior repainting, kitchen and bathroom updates, new appliances, and replacement air conditioning systems.
Leasing is structured through a combination of month-to-month and annual agreements. The property is zoned WRC—Waterfront Resort Commercial and is located at 2100 NE Indian River Drive in Jensen Beach, Florida, along the Indian River Lagoon corridor. The setting includes waterfront views and walkability to downtown Jensen Beach.
Leasing is structured through a combination of month-to-month and annual agreements. The property is zoned WRC—Waterfront Resort Commercial and is located at 2100 NE Indian River Drive in Jensen Beach, Florida, along the Indian River Lagoon corridor. The setting includes waterfront views and walkability to downtown Jensen Beach.
Key Highlights
- 15‑unit multifamily property across two residential buildings
- Unit mix includes 8 single‑bedroom units and 7 efficiency units
- Full interior and exterior repaint completed in both buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,558
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,651,160
$1.7M
Cap Rate 7%
$1,179,400
$1.2M
Cap Rate 9%
$917,311
$917.3K
Market Conditions
NOI Build-Up for 6,764 SF
Gross rent
$160.7K $23.76/SF
− Vacancy
−$10.6K −$1.57/SF
EGI
$150.1K $22.19/SF
− OpEx
−$67.5K −$9.99/SF
NOI
$82.6K $12.21/SF
Area
Martin County, FL
Vacancy
6.60%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,651,160
Cap Rate 7%
$1,179,400
Cap Rate 9%
$917,311
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,558 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,038 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
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Business Placement
Demographics for 34957, FL
22,955
Population
17,269
Households
1.3
Avg Household Size
59
Median Age
39%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
1,400
Density / Sq Mi
$65,658
Median Household Income
$41,973
Median Earnings
$1,518
Median Rent
$378,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate buildings offer refreshed interiors and a mix of one-bedroom and efficiency units.
Where is this apartment building located?
The property is located at 2100 NE Indian River Dr Jensen Beach, FL.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 15‑unit multifamily property across two residential buildings; Unit mix includes 8 single‑bedroom units and 7 efficiency units; Full interior and exterior repaint completed in both buildings
