For Sale
$275,000
422 N 18th St, Fort Pierce, FL 34950
Both residences are leased, with three bedrooms and one bathroom in each unit.
Property Size1,550 SF
Price / SF$177.42
Days on Market28
Property Features for 422 N 18th St
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,375
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Source:
Exprealty
Added: Sep 19
Changed: Oct 15
Last Checked: Oct 16 at 10:52AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
The 1,550-square-foot duplex comprises two residences, each with three bedrooms and one bathroom. Both units are currently rented.
Located at 422 N 18th St in Fort Pierce, the property is near downtown and the beaches.
Located at 422 N 18th St in Fort Pierce, the property is near downtown and the beaches.
Key Highlights
- 1,550‑square‑foot duplex
- Two residences, each with three bedrooms and one bathroom
- Both units are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,762
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,240
$455.2K
Cap Rate 7%
$325,171
$325.2K
Cap Rate 9%
$252,911
$252.9K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$34.4K $22.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$32.5K $20.98/SF
− OpEx
−$9.8K −$6.29/SF
NOI
$22.8K $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%
$455,240
Cap Rate 7%
$325,171
Cap Rate 9%
$252,911
Alternative Uses
Best Use
Multifamily LT 5
$325.2K
$284.5K – $379.4K
NOI $22,762 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$301.9K
$264.2K – $352.2K
NOI $21,134 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$389.8K
$341.1K – $454.8K
NOI $27,286 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with three bedrooms and one bathroom in each unit.
Where is this duplex located?
The property is located at 422 N 18th St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,550‑square‑foot duplex; Two residences, each with three bedrooms and one bathroom; Both units are rented
