Duplex Residential Income
For Sale
$189,000
4250 29th Avenue, Vero Beach, FL 32967
For sale duplex featuring 908 total square feet at 4250 29th Avenue.
Property Size908 SF
Price / SF$208.15
Days on Market56
Property Features for 4250 29th Avenue
General Information
Standard status
Active
Size
908 SF
Property subtype
Duplex
Building Details
Year Built
1968
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Maria Sobinina · License #3167555
(305) 904-7090
Source:
Lehmannflorida
Added: Jul 10
Changed: Sep 1
Last Checked: Sep 2 at 5:06PM
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 Dalton Wade Inc
Investment Insights
Based on property information with market context.
This for-sale duplex residential income property is offered at 4250 29th Avenue and totals 908 square feet. As a duplex, it is structured as a two-family residential setup designed for rental income.
The property is located in Vero Beach, Florida, providing a straightforward housing format for buyers seeking a small multifamily investment. The asking price is $189,000.
The property is located in Vero Beach, Florida, providing a straightforward housing format for buyers seeking a small multifamily investment. The asking price is $189,000.
Key Highlights
- Duplex for sale at 4250 29th Avenue
- Built in 1968
- 908 total square feet
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
$10,484
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
5.55%
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%
$209,680
$209.7K
Cap Rate 7%
$149,771
$149.8K
Cap Rate 9%
$116,489
$116.5K
Market Conditions
NOI Build-Up for 908 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
$15.8K $17.40/SF
− Vacancy
−$822 −$0.90/SF
EGI
$15.0K $16.50/SF
− OpEx
−$4.5K −$4.95/SF
NOI
$10.5K $11.55/SF
Area
Indian River County, FL
Vacancy
5.20%
Lease Rate
$17.40 /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%
$209,680
Cap Rate 7%
$149,771
Cap Rate 9%
$116,489
Alternative Uses
Best Use
Multifamily LT 5
$149.8K
$131.1K – $174.7K
NOI $10,484 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$138.3K
$121.0K – $161.3K
NOI $9,678 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$199.1K
$174.2K – $232.3K
NOI $13,939 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 32967, FL
25,785
Population
12,358
Households
2.1
Avg Household Size
50
Median Age
35%
College-Educated
91%
High-School Grad
40.0 sq mi
ZIP Area
645
Density / Sq Mi
$73,875
Median Household Income
$38,156
Median Earnings
$1,425
Median Rent
$394,800
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 - For sale duplex featuring 908 total square feet at 4250 29th Avenue.
Where is this duplex located?
The property is located at 4250 29th Avenue Vero Beach, FL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Duplex for sale at 4250 29th Avenue; Built in 1968; 908 total square feet
