High-Performing Fort Pierce
For Sale
$580,000
433 N 9th N St, Fort Pierce, FL 34950
Well-maintained, fully occupied quadplex in a rapidly growing market.
Property Size1,974 SF
Lot Size0.11 Acres
Days on Market254
Property Features for 433 N 9th N St
General Information
Standard status
Active
Size
1,974 SF
Lot size
0.11 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,160
Building Details
Building Size
1,974 SF
Year Built
1958
Stories
1
Units
4
Listing Agency:
London Foster Realty
(954) 903-8202
Listed By:
Jennifer Giraldo · License #3465511
(954) 903-8202
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:52AM
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 London Foster Realty
Investment Insights
Based on property information with market context.
This well-maintained quadplex is located in the rapidly growing Fort Pierce market. The property features four fully occupied units: three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The property generates a strong monthly income and offers potential for rent increases. Strong tenant demand and limited multifamily inventory make this an opportunity for investors looking to expand their portfolio.
Key Highlights
- High‑performing quadplex generating strong monthly income.
- Fully occupied units, featuring three 2 bed/1 bath and one 1 bed/1 bath.
- Opportunity for rent increases to boost returns.
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
$28,989
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
5.00%
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%
$579,780
$579.8K
Cap Rate 7%
$414,129
$414.1K
Cap Rate 9%
$322,100
$322.1K
Market Conditions
NOI Build-Up for 1,974 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
$43.8K $22.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$41.4K $20.98/SF
− OpEx
−$12.4K −$6.29/SF
NOI
$29.0K $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 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%
$579,780
Cap Rate 7%
$414,129
Cap Rate 9%
$322,100
Alternative Uses
Best Use
Multifamily LT 5
$414.1K
$362.4K – $483.2K
NOI $28,989 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$384.5K
$336.4K – $448.6K
NOI $26,915 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$496.4K
$434.4K – $579.2K
NOI $34,750 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,438
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained, fully occupied quadplex in a rapidly growing market.
Where is this quadplex located?
The property is located at 433 N 9th N St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: High‑performing quadplex generating strong monthly income.; Fully occupied units, featuring three 2 bed/1 bath and one 1 bed/1 bath.; Opportunity for rent increases to boost returns.
