CBS Duplex with Two 2/1
For Sale
Contact for pricing
314 Dickson Drive, Fort Pierce, FL 34982
Two 2/1 units in a CBS duplex on a large, private lot, with both sides currently occupied.
Property Size1,500 SF
Price / SF$216.67
Days on Market92
Property Features for 314 Dickson Drive
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multifamily
Zoning
RM-11 - Co
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Units
2
Tenancy
Multi
Listing Agency:
EXP Realty LLC
(772) 359-0300
Listed By:
Ethan McAuliffe PA · License #FL BK3348418
Source:
Crexi
Added: May 11
Changed: Aug 8
Last Checked: Aug 9 at 9:48AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This is a CBS duplex configured with two separate 2-bedroom, 1-bath units, one on each side. The property sits on a large, private lot and is offered as a duplex for buyers looking for residential income housing with independent unit layouts. The total property size is listed at approximately 1,500.
Both sides are currently occupied, providing in-place tenancy at the time of sale. The seller notes that current rents are below market while still producing monthly income.
For investors or owner-occupants, the duplex format can offer flexibility: you can maintain the benefit of two rental units while living in one side and renting the other, depending on your plans and local requirements. Because the property is already generating monthly rent with occupancy on both sides, it may appeal to buyers who want a straightforward income property without needing to start from vacant conditions. The large, private lot also supports everyday outdoor space for tenants, subject to each unit’s assigned use and any applicable property rules.
Both sides are currently occupied, providing in-place tenancy at the time of sale. The seller notes that current rents are below market while still producing monthly income.
For investors or owner-occupants, the duplex format can offer flexibility: you can maintain the benefit of two rental units while living in one side and renting the other, depending on your plans and local requirements. Because the property is already generating monthly rent with occupancy on both sides, it may appeal to buyers who want a straightforward income property without needing to start from vacant conditions. The large, private lot also supports everyday outdoor space for tenants, subject to each unit’s assigned use and any applicable property rules.
Key Highlights
- CBS duplex built in 1965 with two 2/1 units
- Large, private lot
- Both sides are currently occupied
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
$22,028
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
6.78%
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%
$440,560
$440.6K
Cap Rate 7%
$314,686
$314.7K
Cap Rate 9%
$244,756
$244.8K
Market Conditions
NOI Build-Up for 1,500 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
$33.3K $22.20/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$31.5K $20.98/SF
− OpEx
−$9.4K −$6.29/SF
NOI
$22.0K $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%
$440,560
Cap Rate 7%
$314,686
Cap Rate 9%
$244,756
Alternative Uses
Best Use
Multifamily LT 5
$314.7K
$275.4K – $367.1K
NOI $22,028 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$292.2K
$255.7K – $340.9K
NOI $20,452 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,406 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
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 2/1 units in a CBS duplex on a large, private lot, with both sides currently occupied.
Where is this duplex located?
The property is located at 314 Dickson Drive Fort Pierce, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: CBS duplex built in 1965 with two 2/1 units; Large, private lot; Both sides are currently occupied
