Centrally Located Duplex Income
For Sale
$542,500
3365 SE Garden Street #3365, Stuart, FL 34997
Duplex with two individually metered units, each offering three bedrooms and washer/dryer hookups.
Property Size2,146 SF
Price / SF$252.80
Days on Market81
Property Features for 3365 SE Garden Street #3365
General Information
Standard status
Active
Size
2,146 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,027
Building Details
Building Size
2,146 SF
Year Built
1979
Stories
1
Listing Agency:
Landmark Investments & Real Estate
Listed By:
Melvin Robinson · License #3023330
(772) 708-1518
Source:
Laerrealty
Added: Jun 17
Changed: Aug 31
Last Checked: Sep 5 at 4:08AM
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 Landmark Investments & Real Estate
Investment Insights
Based on property information with market context.
This centrally located duplex includes two separate units, with individual meters for water, sewer, and electric. Each unit is configured as three bedrooms and one bathroom and includes washer and dryer hookups. The property also features a metal roof.
The duplex is located in Stuart, Florida and is described as being close to Cleveland Clinic, parks, shopping, golf courses, restaurants, and other businesses and recreational facilities.
Unit 3375 was freshly painted prior to the start of the lease on 3/21/2026, and each unit has an identified monthly rent in the listing remarks. Please do not disturb tenants.
The duplex is located in Stuart, Florida and is described as being close to Cleveland Clinic, parks, shopping, golf courses, restaurants, and other businesses and recreational facilities.
Unit 3375 was freshly painted prior to the start of the lease on 3/21/2026, and each unit has an identified monthly rent in the listing remarks. Please do not disturb tenants.
Key Highlights
- 1979‑built duplex in Stuart, FL with two units, each offering 3 bedrooms and 1 bathroom
- Metal roof
- Each unit is individually metered for water, sewer, and electric
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
$31,515
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
5.81%
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%
$630,300
$630.3K
Cap Rate 7%
$450,214
$450.2K
Cap Rate 9%
$350,167
$350.2K
Market Conditions
NOI Build-Up for 2,146 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
$47.6K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$45.0K $20.98/SF
− OpEx
−$13.5K −$6.29/SF
NOI
$31.5K $14.69/SF
Area
Martin 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%
$630,300
Cap Rate 7%
$450,214
Cap Rate 9%
$350,167
Alternative Uses
Best Use
Multifamily LT 5
$450.2K
$393.9K – $525.3K
NOI $31,515 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$374.2K
$327.4K – $436.6K
NOI $26,193 @ 7.0% cap · market cap 4.83%
Theoretical Best
Retail
$563.8K
$493.3K – $657.7K
NOI $39,464 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
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
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 - Duplex with two individually metered units, each offering three bedrooms and washer/dryer hookups.
Where is this duplex located?
The property is located at 3365 SE Garden Street #3365 Stuart, FL.
What is the asking price?
The asking price for this property is $542,500.
What are key features of this property?
This property features: 1979‑built duplex in Stuart, FL with two units, each offering 3 bedrooms and 1 bathroom; Metal roof; Each unit is individually metered for water, sewer, and electric
