Updated Two-Unit
New
For Sale
$635,000
2120-2130 NE Flamingo Terrace, Jensen Beach, FL 34957
Both residences include private fenced patios, storage sheds, and separate utility meters.
Property Size1,508 SF
Price / SF$373.53
Days on Market4
Property Features for 2120-2130 NE Flamingo Terrace
General Information
Standard status
Active
Size
1,508 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$6,347
Amenities
private fenced patio
storage shed
tropical landscaping
Building Details
Building Size
1,508 SF
Year Built
1972
Construction
CBS
Listing Agency:
Community Realty Associates
Listed By:
Douglas E. Addeo · License #559732
(561) 251-3408
Source:
Meyerlucas
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 3 at 2:41AM
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 Community Realty Associates
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1972, has CBS construction and two-bedroom, one-bathroom residences. Each unit provides 755 square feet under air, a 90-square-foot utility room, and living, dining, and kitchen areas. Improvements include luxury vinyl flooring, refreshed kitchens, and upgraded electrical panels. Each residence also has its own utility meter, a two-car driveway, a fenced patio, and a storage shed.
The property is on a dead-end street in Jensen Beach, one mile south of downtown. Downtown Jensen Beach is within walking distance, while Indian Riverside Park and Four Fish Marina are less than a mile away.
Both units have been rented through Airbnb and VRBO for several years, with Superhost status noted for the rentals. Tropical landscaping is present across the property.
The property is on a dead-end street in Jensen Beach, one mile south of downtown. Downtown Jensen Beach is within walking distance, while Indian Riverside Park and Four Fish Marina are less than a mile away.
Both units have been rented through Airbnb and VRBO for several years, with Superhost status noted for the rentals. Tropical landscaping is present across the property.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Each unit has 755 sq ft under air and a 90 sq ft utility room
- Separate utility meters, two‑car driveways, fenced patios, and storage sheds for both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,965
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,300
$499.3K
Cap Rate 7%
$356,643
$356.6K
Cap Rate 9%
$277,389
$277.4K
Market Conditions
NOI Build-Up for 1,700 SF
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.
Gross rent
$37.7K $22.20/SF
− Vacancy
−$2.1K −$1.22/SF
EGI
$35.7K $20.98/SF
− OpEx
−$10.7K −$6.29/SF
NOI
$25.0K $14.69/SF
Area
Martin 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,300
Cap Rate 7%
$356,643
Cap Rate 9%
$277,389
Alternative Uses
Best Use
Multifamily LT 5
$356.6K
$312.1K – $416.1K
NOI $24,965 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$296.4K
$259.4K – $345.8K
NOI $20,749 @ 7.0% cap · market cap 3.27%
Theoretical Best
Retail
$446.6K
$390.8K – $521.0K
NOI $31,262 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private fenced patios, storage sheds, and separate utility meters.
Where is this duplex located?
The property is located at 2120-2130 NE Flamingo Terrace Jensen Beach, FL.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Each unit has 755 sq ft under air and a 90 sq ft utility room; Separate utility meters, two‑car driveways, fenced patios, and storage sheds for both units
