New Construction
For Sale
$899,999
313 S 13th Street, Fort Pierce, FL 34950
Two fully updated residences offer flexible owner-occupant or rental use with modern finishes and separate living spaces.
Property Size3,378 SF
Price / SF$252.38
Days on Market114
Property Features for 313 S 13th Street
General Information
Standard status
Active
Size
3,378 SF
Property subtype
Duplex
Units
Unit Mix
2 x 5BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$399
Amenities
backyard
Building Details
Building Size
3,378 SF
Year Built
2026
Buildings
1
Listing Agency:
Elite Realty Partners, Inc.
(786) 290-0720
Listed By:
Deborah Tercier · License #3546937
(786) 290-0720
Source:
Meyerlucas
Added: Apr 17
Changed: Aug 5
Last Checked: Aug 7 at 1:40AM
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 Elite Realty Partners, Inc.
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences totaling 3,566 square feet. Each unit provides 5 bedrooms and 3 bathrooms, along with an open kitchen and living arrangement, quartz countertops, stainless steel appliances, a washer and dryer, updated flooring, and modern bathroom finishes. Fresh interior and exterior paint, 10-foot ceilings, impact-rated windows and doors, new air conditioning systems, new water heaters, and a new roof add to the recent construction profile. A backyard serves both units, and the property has no HOA.
The property is near major highways, airports, beaches, shopping, restaurants, and entertainment. Its two-unit layout supports an owner-occupant arrangement with rental use in the second residence, subject to applicable requirements.
The property is near major highways, airports, beaches, shopping, restaurants, and entertainment. Its two-unit layout supports an owner-occupant arrangement with rental use in the second residence, subject to applicable requirements.
Key Highlights
- 2026 construction with 3,566 total square feet
- Two units, each with 5 bedrooms and 3 bathrooms
- 10‑foot ceilings, impact windows, and impact doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,368
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,360
$1.0M
Cap Rate 7%
$748,114
$748.1K
Cap Rate 9%
$581,867
$581.9K
Market Conditions
NOI Build-Up for 3,566 SF
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.
Gross rent
$79.2K $22.20/SF
− Vacancy
−$4.4K −$1.22/SF
EGI
$74.8K $20.98/SF
− OpEx
−$22.4K −$6.29/SF
NOI
$52.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,360
Cap Rate 7%
$748,114
Cap Rate 9%
$581,867
Alternative Uses
Best Use
Multifamily LT 5
$748.1K
$654.6K – $872.8K
NOI $52,368 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$694.6K
$607.8K – $810.4K
NOI $48,621 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$896.8K
$784.7K – $1.05M
NOI $62,776 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
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 fully updated residences offer flexible owner-occupant or rental use with modern finishes and separate living spaces.
Where is this duplex located?
The property is located at 313 S 13th Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 2026 construction with 3,566 total square feet; Two units, each with 5 bedrooms and 3 bathrooms; 10‑foot ceilings, impact windows, and impact doors
