Furnished Duplex with Ocean
For Sale
$749,900
413 Hernando Street, Fort Pierce, FL 34949
Residential Income, Fort Pierce, FL
Property Size1,590 SF
Lot Size0.19 Acres
Price / SF$471.64
Days on Market203
Property Features for 413 Hernando Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
HI Medium
Bedrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Window features
Blinds, Storm Window(s)
Patio and Porch features
Patio
Pets allowed
No, Yes
Exterior features
Balcony, Garden, Outdoor Shower
Subdivision
PALM HAVEN SUBDIVISION
Lot features
Fruit Tree(s), Landscaped
View
Water, Ocean
Directions
From A1A, west on Avalon, left on Hernando.
Standard status
Active
APN
240150200690009
Size
1,590 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM HAVEN S/D-UNIT 1- BLK 6 LOT16
Tax Annual Amount
13003
Legal Description
PALM HAVEN S/D-UNIT 1- BLK 6 LOT16
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
laundry
covered balcony or patio
Building Details
Year built
1991
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block, CBS, Concrete, Stucco, Wood Frame
Roof type
Metal
Buildings
1
Listing Agency:
Masters Realty Associates
Listed By:
John P Moriarty III · License #3221922
(772) 233-8200
Added: Apr 17
Changed: Oct 28
Last Checked: Nov 5 at 11:06PM
MLS# B26017105
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,590-square-foot duplex contains two furnished residences with separate layouts. The upper unit includes two bedrooms, two bathrooms, an island kitchen with granite countertops, stainless steel appliances, a gas range, and ocean views. The lower residence provides one bedroom and one bathroom. Tile flooring, central air, electric heating, impact windows, and a metal roof installed in 2021 are among the property improvements.
The property sits on a 0.19-acre lot on Hutchinson Island, two blocks from the beach and near dining, nightlife, and boating. A covered balcony, patio, outdoor shower, tropical landscaping, and room for a pool support outdoor use. Two garage spaces, laundry facilities, public water, and public sewer are included. The duplex has operated as an Airbnb for nearly three years, with financials available, and is zoned HI Medium.
The property sits on a 0.19-acre lot on Hutchinson Island, two blocks from the beach and near dining, nightlife, and boating. A covered balcony, patio, outdoor shower, tropical landscaping, and room for a pool support outdoor use. Two garage spaces, laundry facilities, public water, and public sewer are included. The duplex has operated as an Airbnb for nearly three years, with financials available, and is zoned HI Medium.
Key Highlights
- Duplex totals 1,590 square feet on a 0.19‑acre lot
- Upper residence offers 2BR/2BA, granite kitchen counters, stainless steel appliances, and ocean views
- Lower unit includes 1BR/1BA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,350
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,000
$467.0K
Cap Rate 7%
$333,571
$333.6K
Cap Rate 9%
$259,444
$259.4K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$35.3K $22.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$33.4K $20.98/SF
− OpEx
−$10.0K −$6.29/SF
NOI
$23.3K $14.69/SF
Area
St. Lucie 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%
$467,000
Cap Rate 7%
$333,571
Cap Rate 9%
$259,444
Alternative Uses
Best Use
Multifamily LT 5
$333.6K
$291.9K – $389.2K
NOI $23,350 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$309.7K
$271.0K – $361.3K
NOI $21,679 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$399.9K
$349.9K – $466.5K
NOI $27,990 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
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Business Placement
Demographics for 34949, FL
8,027
Population
8,033
Households
1
Avg Household Size
65
Median Age
47%
College-Educated
96%
High-School Grad
9.4 sq mi
ZIP Area
854
Density / Sq Mi
$92,188
Median Household Income
$37,219
Median Earnings
$1,484
Median Rent
$427,500
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 independent residences offer upgraded interiors, garage parking, and covered outdoor areas near the beach.
Where is this duplex located?
The property is located at 413 Hernando Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Duplex totals 1,590 square feet on a 0.19‑acre lot; Upper residence offers 2BR/2BA, granite kitchen counters, stainless steel appliances, and ocean views; Lower unit includes 1BR/1BA
