Income-Producing Duplex in Fort
For Sale
$295,900
2108 Avenue E, Fort Pierce, FL 34950
Duplex with remodeled bathrooms, fresh paint, and updated cabinets.
Property Size1,152 SF
Days on Market322
Property Features for 2108 Avenue E
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$2,152
Building Details
Building Size
1,152 SF
Year Built
1964
Stories
1
Units
2
Listing Agency:
RE/MAX GOLD
Listed By:
Gregory H Dalessio · License #0571729
(772) 486-7880
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 16 at 9:52AM
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 RE/MAX GOLD
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Investment Insights
Based on property information with market context.
This income-producing duplex is located in the rapidly growing area of Fort Pierce. Each of the two units features one bedroom and one bathroom. Both bathrooms have been newly remodeled, and the interiors have fresh paint. The units also feature updated cabinets. One unit is currently tenant-occupied, providing immediate rental income. The other unit is ready for a new tenant or the next investment opportunity.
Key Highlights
- Income‑producing duplex: Immediate rental income from one tenant‑occupied unit.
- Newly remodeled bathrooms in both units.
- Fresh interior paint in both units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,917
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,340
$338.3K
Cap Rate 7%
$241,671
$241.7K
Cap Rate 9%
$187,967
$188.0K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$25.6K $22.20/SF
− Vacancy
−$1.4K −$1.22/SF
EGI
$24.2K $20.98/SF
− OpEx
−$7.3K −$6.29/SF
NOI
$16.9K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,340
Cap Rate 7%
$241,671
Cap Rate 9%
$187,967
Alternative Uses
Best Use
Multifamily LT 5
$241.7K
$211.5K – $282.0K
NOI $16,917 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$224.4K
$196.3K – $261.8K
NOI $15,707 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$289.7K
$253.5K – $338.0K
NOI $20,280 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with remodeled bathrooms, fresh paint, and updated cabinets.
Where is this duplex located?
The property is located at 2108 Avenue E Fort Pierce, FL.
What is the asking price?
The asking price for this property is $295,900.
What are key features of this property?
This property features: Income‑producing duplex: Immediate rental income from one tenant‑occupied unit.; Newly remodeled bathrooms in both units.; Fresh interior paint in both units.
