5-Unit Residential Income
2206 Delaware Avenue Fort Pierce, FL 34950
2206 Delaware Avenue, Fort Pierce, FL, 34950
$825,000
For Sale
$825,000
MULTI_FAMILY - Fort Pierce, FL
Property Size3,042 SF
Lot Size0.52 Acres
Price / SF$271.20
Days on Market125
Property Features for 2206 Delaware Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- Res
- Bedrooms
- 4
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4
- Pets allowed
- Yes, No
- Exterior features
- Storage
- Standard status
- Active
- APN
- 240970700260009
- Size
- 3,042 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WEST END ADDN BLK A LOTS 26, 27 AND 28-LESS S 5 FT
- Tax Annual Amount
- 10011
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Ductless, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Tile, Wood
- Building materials
- Block, CBS, Frame, Wood Frame
- Roof type
- Shingle
- Additional Structures
- Outbuilding, Storage
Listing Agency
Highlight Realty Corp/LW
(561) 641-6787
5323 Lake Worth Rd, FL
Listed by
Gustavo Adolfo Cepeda Jr · License #3322766
(202) 604-2746
Added: Mar 18 Updated: Jul 18 at 2:37 am Checked: Jul 20 at 2:06 pm
MLS# B26003915
Listing URL
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 residential income property consists of five total units, including three single-family homes and one duplex. The units are currently rented on a month-to-month basis. Washer and dryer are included.
The property is situated on a corner lot and is identified within residential zoning (Res). It is located on Delaware Avenue in Fort Pierce, with access to major roads and nearby services noted in the remarks.
With a mix of single-family and duplex configurations on one parcel, the building offers flexible residential setup for an owner seeking a multi-unit asset on a single site.
The property is situated on a corner lot and is identified within residential zoning (Res). It is located on Delaware Avenue in Fort Pierce, with access to major roads and nearby services noted in the remarks.
With a mix of single-family and duplex configurations on one parcel, the building offers flexible residential setup for an owner seeking a multi-unit asset on a single site.
Key Highlights
- Multi‑unit property in Fort Pierce with 5 units: 3 single‑family homes and 1 duplex
- Corner half‑acre lot with storage exterior feature
- Rented month‑to‑month units—immediate income with the ability to adjust or reposition
Local 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 | $67.5k | $22.20 |
| − Vacancy | −$3.7k | −$1.22 |
| EGI | $63.8k | $20.98 |
| − OpEx | −$19.1k | −$6.29 |
| NOI | $44.7k | $14.69 |
3,042 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.2K
$558.4K – $744.6K
NOI $44,673 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$592.5K
$518.5K – $691.3K
NOI $41,476 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$765.0K
$669.4K – $892.5K
NOI $53,551 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Five residential units on a corner lot, including month-to-month rentals and washer/dryer included.
Where is this duplex located?
The property is located at 2206 Delaware Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Multi‑unit property in Fort Pierce with 5 units: 3 single‑family homes and 1 duplex; Corner half‑acre lot with storage exterior feature; Rented month‑to‑month units—immediate income with the ability to adjust or reposition
