3-Unit Residential
3246 SE Bonita Street, Stuart, FL 34997
For Sale
$775,000
Each dwelling has a two-bedroom, one-bathroom layout.
Property Size1,894 SF
Price / SF$409.19
Days on Market11
Property Features for 3246 SE Bonita Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
New Emporium Properties, Inc.
Listed By:
Yulieth B Pena-Mesa · License #3211631
(786) 447-8466
Source:
Lehmannflorida
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:33AM
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 New Emporium Properties, Inc.
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Investment Insights
Based on property information with market context.
This 1,894-square-foot triplex at 3246 SE Bonita Street in Stuart dates to 1957. The three residences each contain two bedrooms and one bathroom. Two units are leased month to month, while the third is vacant. Schools and shops are noted nearby.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- 1,894 square feet; built in 1957
- Two units are occupied under month‑to‑month tenancies; one unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,052
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,040
$501.0K
Cap Rate 7%
$357,886
$357.9K
Cap Rate 9%
$278,356
$278.4K
Market Conditions
NOI Build-Up for 1,894 SF
Gross rent
$38.2K $20.16/SF
− Vacancy
−$2.4K −$1.26/SF
EGI
$35.8K $18.90/SF
− OpEx
−$10.7K −$5.67/SF
NOI
$25.1K $13.23/SF
Area
Martin County, FL
Vacancy
6.27%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,040
Cap Rate 7%
$357,886
Cap Rate 9%
$278,356
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.2K – $417.5K
NOI $25,052 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$330.2K
$289.0K – $385.3K
NOI $23,117 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,092 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each dwelling has a two-bedroom, one-bathroom layout.
Where is this triplex located?
The property is located at 3246 SE Bonita Street Stuart, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; 1,894 square feet; built in 1957; Two units are occupied under month‑to‑month tenancies; one unit is vacant
