One-Story Four-Unit
New
For Sale
$675,000
4383 SE Field St, Stuart, FL 34997
Four residential units are arranged as two duplex buildings with separate utility connections and central air conditioning.
Property Size1,408 SF
Price / SF$479.40
Days on Market2
Property Features for 4383 SE Field St
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Investment
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,343
Building Details
Building Size
1,408 SF
Year Built
1963
Buildings
1
Stories
1
Units
2
Construction
CBS
Listing Agency:
B&H Florida Holding DBA RE/MAX Masterpiece Realty
(772) 267-4228
Listed By:
Rob L Lowe Jr · License #3265501
(772) 267-4228
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 6 at 4:47AM
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 B&H Florida Holding DBA RE/MAX Masterpiece Realty
Investment Insights
Based on property information with market context.
This one-story quadplex, built in 1963, contains four two-bedroom, one-bath units arranged across two duplex buildings. Each duplex has its own utility hookup and central air conditioning. The buildings feature solid CBS construction, and metal roofs were installed in August 2022.
The property is located at 4383 SE Field St in Stuart’s New Monrovia community. BikeScore is 63, indicating a bikeable setting, while WalkScore is 42, classified as car-dependent. The four-unit configuration provides a straightforward multifamily layout within a single-story property.
The property is located at 4383 SE Field St in Stuart’s New Monrovia community. BikeScore is 63, indicating a bikeable setting, while WalkScore is 42, classified as car-dependent. The four-unit configuration provides a straightforward multifamily layout within a single-story property.
Key Highlights
- Four units configured as two duplex buildings
- Each unit is a 2/1
- Separate utility hookup for each duplex
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
$20,677
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
3.06%
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%
$413,540
$413.5K
Cap Rate 7%
$295,386
$295.4K
Cap Rate 9%
$229,744
$229.7K
Market Conditions
NOI Build-Up for 1,408 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
$31.3K $22.20/SF
− Vacancy
−$1.7K −$1.22/SF
EGI
$29.5K $20.98/SF
− OpEx
−$8.9K −$6.29/SF
NOI
$20.7K $14.69/SF
Area
Martin 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%
$413,540
Cap Rate 7%
$295,386
Cap Rate 9%
$229,744
Alternative Uses
Best Use
Multifamily LT 5
$295.4K
$258.5K – $344.6K
NOI $20,677 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$245.5K
$214.8K – $286.4K
NOI $17,185 @ 7.0% cap · market cap 2.55%
Theoretical Best
Retail
$369.9K
$323.7K – $431.6K
NOI $25,893 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
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 - Four residential units are arranged as two duplex buildings with separate utility connections and central air conditioning.
Where is this quadplex located?
The property is located at 4383 SE Field St Stuart, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four units configured as two duplex buildings; Each unit is a 2/1; Separate utility hookup for each duplex
