Updated Duplex Income
For Sale
$385,000
2210 Saint Lucie Blvd, Fort Pierce, FL 34946
Updated duplex with two 1-bedroom units on a private lot, plus on-site RV electric hookup and a shed/workshop.
Property Size1,120 SF
Lot Size0.88 Acres
Price / SF$343.75
Days on Market216
Property Features for 2210 Saint Lucie Blvd
General Information
Standard status
Active
Size
1,120 SF
Lot size
0.88 Acres
Property subtype
Residential Income
Zoning
Rm-5
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,782
Amenities
RV electric hookup
shed/workshop with covered awning
Building Details
Tenancy
Multi
Listing Agency:
Vinson Real Estate Services, LLC
(772) 268-9108
Listed By:
Jacob T Vinson LLc · License #3377464
(772) 971-1760
Source:
Exprealty
Added: Mar 23
Changed: Oct 19
Last Checked: Oct 23 at 8:26AM
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 Vinson Real Estate Services, LLC
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Investment Insights
Based on property information with market context.
This updated duplex features two separate 1-bedroom, 1-bath units on a private lot. The property is described as tastefully updated and includes lush landscaping with old growth trees throughout.
The site also has an RV electric hookup and a shed/workshop with a covered awning. The property is zoned Rm-5, with plans for an additional duplex build available.
Set up as a residential income property, the offering includes multiple on-site structures and supporting features intended to support both current use and possible expansion consistent with the provided zoning information.
The site also has an RV electric hookup and a shed/workshop with a covered awning. The property is zoned Rm-5, with plans for an additional duplex build available.
Set up as a residential income property, the offering includes multiple on-site structures and supporting features intended to support both current use and possible expansion consistent with the provided zoning information.
Key Highlights
- Tastefully updated duplex built in 1957 with two 1‑bedroom units
- Duplex set on a private 0.88‑acre +/- lot
- On‑site RV electric hookup plus shed/workshop with covered awning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,448
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,960
$329.0K
Cap Rate 7%
$234,971
$235.0K
Cap Rate 9%
$182,756
$182.8K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$24.9K $22.20/SF
− Vacancy
−$1.4K −$1.22/SF
EGI
$23.5K $20.98/SF
− OpEx
−$7.0K −$6.29/SF
NOI
$16.4K $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%
$328,960
Cap Rate 7%
$234,971
Cap Rate 9%
$182,756
Alternative Uses
Best Use
Multifamily LT 5
$235.0K
$205.6K – $274.1K
NOI $16,448 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$218.2K
$190.9K – $254.5K
NOI $15,271 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$281.7K
$246.5K – $328.6K
NOI $19,716 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
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Business Placement
Demographics for 34946, FL
6,793
Population
3,435
Households
2
Avg Household Size
42
Median Age
14%
College-Educated
72%
High-School Grad
15.2 sq mi
ZIP Area
447
Density / Sq Mi
$40,488
Median Household Income
$27,591
Median Earnings
$1,000
Median Rent
$128,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with two 1-bedroom units on a private lot, plus on-site RV electric hookup and a shed/workshop.
Where is this duplex located?
The property is located at 2210 Saint Lucie Blvd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Tastefully updated duplex built in 1957 with two 1‑bedroom units; Duplex set on a private 0.88‑acre +/- lot; On‑site RV electric hookup plus shed/workshop with covered awning
