Updated Duplex with Separate Living
For Sale
$600,000
Pending
3961 SE DIXIE ROSS Street, Stuart, FL 34997
Two residences offer flexible occupancy, fenced yards, and recent updates including impact openings and water heaters.
Property Size2,370 SF
Days on Market58
Property Features for 3961 SE DIXIE ROSS Street
General Information
Standard status
Pending
Size
2,370 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA + Den, 1 x 2BR/1BA + Den
Multifamily Units
2
Amenities
fenced yards
Building Details
Year Built
1974
Listing Agency:
Keller Williams Realty/P B
(561) 656-2929
Listed By:
Tracey Lavoll · License #3054897
(561) 707-8845
Source:
Lehmannflorida
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 16 at 8:54AM
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 Keller Williams Realty/P B
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Investment Insights
Based on property information with market context.
This 2,370-square-foot duplex, built in 1974, contains two separate residences with fenced yards. The larger unit provides 3 bedrooms, 2 baths, a den, utility room with washer and dryer, and high-hat lighting. Its third bedroom and den were created from a formerly covered patio. The second residence includes 2 bedrooms, 1 bath, and a den converted from covered patio space, along with a laundry closet and a fully remodeled interior with fresh paint and updated finishes. Its den provides additional flexible living area.
Recent property improvements include a metal roof installed in 2019, impact windows and doors installed in 2026, and water heaters updated in 2026. The smaller unit received a new A/C system in February 2025, while the interior A/C unit in the larger residence is older. The 3-bedroom unit is tenant-occupied under a lease ending December 31, 2026. Zoning is X. The configuration supports separate residential use, owner occupancy of one residence, leasing both units, or multigenerational living, as stated in the property information.
Recent property improvements include a metal roof installed in 2019, impact windows and doors installed in 2026, and water heaters updated in 2026. The smaller unit received a new A/C system in February 2025, while the interior A/C unit in the larger residence is older. The 3-bedroom unit is tenant-occupied under a lease ending December 31, 2026. Zoning is X. The configuration supports separate residential use, owner occupancy of one residence, leasing both units, or multigenerational living, as stated in the property information.
Key Highlights
- 2,370‑square‑foot duplex built in 1974
- Two residences with separate living spaces and fenced yards
- 3‑bedroom, 2‑bath unit includes a den, utility room, and washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,804
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,080
$696.1K
Cap Rate 7%
$497,200
$497.2K
Cap Rate 9%
$386,711
$386.7K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$52.6K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$49.7K $20.98/SF
− OpEx
−$14.9K −$6.29/SF
NOI
$34.8K $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 Rate 5%
$696,080
Cap Rate 7%
$497,200
Cap Rate 9%
$386,711
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.1K – $580.1K
NOI $34,804 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$413.2K
$361.6K – $482.1K
NOI $28,927 @ 7.0% cap · market cap 4.82%
Theoretical Best
Retail
$622.6K
$544.8K – $726.4K
NOI $43,584 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
354
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?
Duplex - Two residences offer flexible occupancy, fenced yards, and recent updates including impact openings and water heaters.
Where is this duplex located?
The property is located at 3961 SE DIXIE ROSS Street Stuart, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,370‑square‑foot duplex built in 1974; Two residences with separate living spaces and fenced yards; 3‑bedroom, 2‑bath unit includes a den, utility room, and washer/dryer
