Brand New CBS
311 N 16th Street Fort Pierce, FL 34950
For Sale
Contact for pricing
New 2026 CBS duplex with two 3BR/2BA units, modern kitchens, and private rear porches.
Property Size2,280 SF
Price / SF$242.32
Days on Market84
Property Features for 311 N 16th Street
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing Agency:
Meant2b Realty LLC
Listed By:
Nicholas Tobis · License #3259725
Source:
Crexi
Added: May 4
Changed: Jul 22
Last Checked: Jul 24 at 3:25PM
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 Meant2b Realty LLC
Investment Insights
Based on property information with market context.
Brand new 2026 concrete block (CBS) duplex designed for straightforward, low-maintenance ownership. Each oversized 3BR/2BA unit is laid out with an open-concept interior and includes a modern kitchen with a dishwasher, energy-efficient windows, solid core doors, and a private rear porch.
The property is constructed with durable CBS walls and a metal roof, and features all-new systems throughout. Per the public remarks, the duplex is SEC 8 compatible, supporting long-term rental use.
Located at 311 N 16th Street in Fort Pierce, Florida, the offering is presented as a turnkey investment opportunity for buyers seeking a newer duplex structure compared with older inventory.
The property is constructed with durable CBS walls and a metal roof, and features all-new systems throughout. Per the public remarks, the duplex is SEC 8 compatible, supporting long-term rental use.
Located at 311 N 16th Street in Fort Pierce, Florida, the offering is presented as a turnkey investment opportunity for buyers seeking a newer duplex structure compared with older inventory.
Key Highlights
- New 2026 CBS duplex with two 3BR/2BA units
- Each unit offers 1,140 sq ft with an open‑concept layout
- Modern kitchens include a dishwasher
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 | $50.6k | $22.20 |
| − Vacancy | −$2.8k | −$1.22 |
| EGI | $47.8k | $20.98 |
| − OpEx | −$14.3k | −$6.29 |
| NOI | $33.5k | $14.69 |
2,280 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.3K
$418.5K – $558.0K
NOI $33,482 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$444.1K
$388.6K – $518.1K
NOI $31,087 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$573.4K
$501.7K – $669.0K
NOI $40,137 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New 2026 CBS duplex with two 3BR/2BA units, modern kitchens, and private rear porches.
Where is this duplex located?
The property is located at 311 N 16th Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $552,499.
What are key features of this property?
This property features: New 2026 CBS duplex with two 3BR/2BA units; Each unit offers 1,140 sq ft with an open‑concept layout; Modern kitchens include a dishwasher
