Updated Duplex with Storage Shed

4250 29th Avenue Vero Beach, FL 32967

Claim this Listing
New
For Sale
$189,000

MULTI_FAMILY - Vero Beach, FL

Property size:
908 SF
Lot size:
0.28 Acres
Price / SF:
$208/SF
Added:
Jul 10, 2026
Days on Market:
2
Last Refresh:
Jul 11 at 2:06 pm

Property Features for 4250 29th Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-10
Bedrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Pets allowed
No, Yes
Exterior features
Barbecue, Custom Lighting, Storage
Standard status
Active
APN
323927000060000000022
Size
908 SF
Lot size
0.28 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
ADDITION TO JACKSONS SUBDIVISION PBI 2 - 73 PREVIOUSLY KNOWN AS PLAT OF JACKSONS SUBDIVISON PBI 2 - 54 BEING THE N 81.1FT OF S 131.1FT OF LO
Tax Annual Amount
1321

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public

Building Details

Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Laminate
Additional Structures
Storage

Listing agent Maria Sobinina License #3167555

Listing office Dalton Wade Inc 260 1st Ave S Suite 200, St. Petersburg, FL

Listing date Jul 10, 2026

MLS# B26050819 Listing URL

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.


Investment Insights

Based on property information with market context.

This updated duplex features two separate residential units and is set on a 12,393+/- square foot lot. The property includes a detached storage shed for additional off-house storage, along with an expansive backyard setting that is described as buffered by a small canal and mature greenery.

Zoned RM-10, the layout is designed for flexible occupancy, whether you plan to live in one unit and rent the other or lease both units. The property is listed as being conveniently located near shopping, dining, parks, and Vero Beach area amenities.

The duplex is offered for sale as a residential income property in Indian River County, Florida.

Key Highlights

  • 12,393+/- sq. ft. lot with RM‑10 multifamily zoning
  • Two separate residential units with renovated, move‑in‑ready interiors
  • 1968‑built property with public water and public sewer

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 $15.8k $17.40
− Vacancy −$822 −$0.90
EGI $15.0k $16.50
− OpEx −$4.5k −$4.95
NOI $10.5k $11.55
908 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$149.8K
$131.1K – $174.7K (±1% cap)
NOI $10,484 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$138.3K
$121.0K – $161.3K (±1% cap)
NOI $9,678 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$199.1K
$174.2K – $232.3K (±1% cap)
NOI $13,939 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Parking Lot & Garage Spa & Massage Center Restaurant HVAC Service Storage Facility (Bike/Boat/Book/etc) Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Renovated duplex on an RM-10 zoned lot with two separate units and a detached storage shed.
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: 12,393+/- sq. ft. lot with RM‑10 multifamily zoning; Two separate residential units with renovated, move‑in‑ready interiors; 1968‑built property with public water and public sewer
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message