CBS Duplex with Two 2/1
314 Dickson Drive, Fort Pierce, FL 34982
For Sale
$315,000
Two 2/1 units in a CBS duplex on a large, private lot, with both sides currently occupied.
Property Size1,500 SF
Price / SF$210
Days on Market146
Property Features for 314 Dickson Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
EXP Realty LLC
Listed By:
Ethan McAuliffe PA · License FL #3348418
(772) 359-0300
Source:
Laerrealty
Added: Jun 17
Changed: Nov 6
Last Checked: Nov 8 at 3:02AM
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
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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 / Yr
$18,994
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,880
$379.9K
Cap Rate 7%
$271,343
$271.3K
Cap Rate 9%
$211,044
$211.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$29.7K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.1K $18.09/SF
− OpEx
−$8.1K −$5.43/SF
NOI
$19.0K $12.66/SF
Area
St. Lucie County, FL
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,880
Cap Rate 7%
$271,343
Cap Rate 9%
$211,044
Alternative Uses
Best Use
Multifamily LT 5
$271.3K
$237.4K – $316.6K
NOI $18,994 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$241.7K
$211.5K – $282.0K
NOI $16,918 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,406 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
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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
$228,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Pierce, FL
Properties on Market for Duplexes in Fort Pierce
Vacancy Rate% for Multifamily in South region
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 $315,000.
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
