Duplex with Cathedral
New
For Sale
$525,000
2987-2997 SE GOLDEN GATE Avenue, Stuart, FL 34997
Two two-bedroom residences feature tiled interiors, dedicated utility rooms, and included kitchen appliances.
Property Size1,800 SF
Days on Market4
Property Features for 2987-2997 SE GOLDEN GATE Avenue
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,600
Amenities
Cathedral ceilings
tile floors
inside utility room
kitchen appliances
metal roof
hurricane panels
Building Details
Building Size
1,800 SF
Year Built
2004
Construction
CBS
Listing Agency:
Savvy Avenue, LLC
Listed By:
Moe Mossa · License #3432985
(888) 490-1268
Source:
Meyerlucas
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 11 at 12:53PM
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 Savvy Avenue, LLC
Investment Insights
Based on property information with market context.
Built in 2004, this 1,800-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Interior features include cathedral ceilings, tile flooring throughout, an in-unit utility room, and kitchen appliances. The building has CBS construction, a metal roof, and hurricane panels.
The property is zoned R-3B and is described as near parks and shopping.
The property is zoned R-3B and is described as near parks and shopping.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,800 square feet; built in 2004
- CBS construction with a metal roof and hurricane panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,434
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,680
$528.7K
Cap Rate 7%
$377,629
$377.6K
Cap Rate 9%
$293,711
$293.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$40.0K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$37.8K $20.98/SF
− OpEx
−$11.3K −$6.29/SF
NOI
$26.4K $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 Rate 5%
$528,680
Cap Rate 7%
$377,629
Cap Rate 9%
$293,711
Alternative Uses
Best Use
Multifamily LT 5
$377.6K
$330.4K – $440.6K
NOI $26,434 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$313.9K
$274.6K – $366.2K
NOI $21,970 @ 7.0% cap · market cap 4.18%
Theoretical Best
Retail
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom residences feature tiled interiors, dedicated utility rooms, and included kitchen appliances.
Where is this duplex located?
The property is located at 2987-2997 SE GOLDEN GATE Avenue Stuart, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,800 square feet; built in 2004; CBS construction with a metal roof and hurricane panels
