Duplex with New
221 Balboa Street, Fort Pierce, FL 34949
For Sale
$420,000
Pending
Residential Income, Fort Pierce, FL
Property Size2,812 SF
Lot Size0.17 Acres
Days on Market53
Property Features for 221 Balboa Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Pets allowed
Directions
Subdivision
Special listing conditions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
storm shutters
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Jonathan Carroll · License #3302123
(772) 633-1852
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 7 at 2:06PM
MLS# B26076870
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 2,812-square-foot duplex sits on a 0.17-acre parcel and was built in 1972. The property has concrete-block construction with stucco, tile flooring, central heating, and central air conditioning. A metal roof and storm shutters are also in place.
The residence includes five bedrooms and four bathrooms, with public water and public sewer serving the property. Water is available, and the zoning is identified as HI Medium. Its Fort Pierce location places the property near beaches, shopping, dining, and local amenities.
The residence includes five bedrooms and four bathrooms, with public water and public sewer serving the property. Water is available, and the zoning is identified as HI Medium. Its Fort Pierce location places the property near beaches, shopping, dining, and local amenities.
Key Highlights
- Duplex with 2,812 square feet of property area
- New roof with storm shutters
- Five bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,340
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,800
$766.8K
Cap Rate 7%
$547,714
$547.7K
Cap Rate 9%
$426,000
$426.0K
Market Conditions
NOI Build-Up for 2,812 SF
Gross rent
$73.2K $26.04/SF
− Vacancy
−$3.5K −$1.25/SF
EGI
$69.7K $24.79/SF
− OpEx
−$31.4K −$11.16/SF
NOI
$38.3K $13.63/SF
Area
St. Lucie County, FL
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,800
Cap Rate 7%
$547,714
Cap Rate 9%
$426,000
Alternative Uses
Best Use
Multifamily LT 5
$589.9K
$516.2K – $688.3K
NOI $41,295 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$547.7K
$479.3K – $639.0K
NOI $38,340 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$707.2K
$618.8K – $825.0K
NOI $49,502 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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Business Placement
Demographics for 34949, FL
8,027
Population
8,033
Households
1
Avg Household Size
65
Median Age
47%
College-Educated
96%
High-School Grad
9.4 sq mi
ZIP Area
854
Density / Sq Mi
$92,188
Median Household Income
$37,219
Median Earnings
$1,484
Median Rent
$427,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Pierce, FL
Properties on Market for Duplexes in Fort Pierce
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Concrete-block duplex with tile flooring, central systems, and public water and sewer service.
Where is this duplex located?
The property is located at 221 Balboa Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Duplex with 2,812 square feet of property area; New roof with storm shutters; Five bedrooms and four bathrooms
