413 Hernando Street, Fort Pierce, FL 34949
Two-unit turnkey multifamily with impact windows, 2021 metal roof, and furnished setups suited for short-term use.
- Added:
- Apr 23, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 20 at 4:47 am
Property Features for 413 Hernando Street
General Information
- Standard status
- Active
- Size
- 2,981 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1991
Listing agent Jake Moriarty License #3221922
Listing office Masters Realty Associates
Listing date Apr 23, 2026
Source Crexi
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 Masters Realty Associates
HighLights
- Turnkey 2‑unit multifamily built in 1991, furnished for short‑term use
- Unit 1 (upstairs): 2BR/2BA with island kitchen featuring granite counters, SS appliances, and gas range
- Unit 2: private 1BR/1BA retreat
- Upgrades include impact windows and a 2021 metal roof
- Includes 2 garage spaces, with potential to add a 3rd unit
- Covered balcony/patio plus tropical landscaping with room for a pool
Overview
Located on Hutchinson Island at 413 Hernando Street in Fort Pierce, the home is about two blocks from the beach and within walking distance of dining, nightlife, and boating.
Designed for short-term or dual-living use, the configuration supports separate spaces for guests or occupants while still maintaining the conveniences of a single property. The home has been successfully operated as an Airbnb for nearly three years, and financials are available for review. Additional exterior space includes tropical landscaping and room that could support a pool, and there is potential to add a third unit based on the existing garage setup.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $22.20 |
| − Vacancy | −$3.6k | −$1.22 |
| EGI | $62.5k | $20.98 |
| − OpEx | −$18.8k | −$6.29 |
| NOI | $43.8k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.2914262
- Latitude
- 27.4644953
