Well-Maintained Duplex Income
For Sale
Contact for pricing
Pending
4441-4443 SE Village Road, Stuart, FL 34997
Duplex with two 3-bedroom units, separate indoor laundry, screened patios, and covered carports for flexible living or leasing.
Property Size2,740 SF
Days on Market54
Property Features for 4441-4443 SE Village Road
General Information
Standard status
Pending
Size
2,740 SF
Property subtype
Multifamily
Zoning
Multi
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1983
Units
2
Tenancy
Multi
Listing Agency:
RE/MAX First
(954) 368-8688
Listed By:
Brittany Orr · License #SL3233390
Source:
Crexi
Added: Jun 21
Changed: Aug 8
Last Checked: Jul 24 at 6:40PM
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 RE/MAX First
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate units, each with three bedrooms and two bathrooms. Interior finishes feature tile flooring throughout, along with updated interiors. Each unit has its own indoor laundry room, a screened patio, and a covered carport, supporting everyday functionality and low-maintenance living. An oversized driveway provides parking for multiple vehicles, accommodating both residents and guests.
The property consists of two units located at 4441-4443 SE Village Road in Stuart, Florida. The duplex arrangement allows for one unit to be leased while the other can provide additional flexibility depending on the buyer’s plans.
The layout is suited to a range of buyers seeking residential income, owner-occupant flexibility, or both. One unit is currently occupied by a long-term tenant on an annual lease, while the second unit is occupied on a month-to-month basis, which may appeal to investors looking for continuity alongside optionality. For buyers considering living on-site, the configuration supports the common approach of occupying one unit while receiving rental income from the other.
The property consists of two units located at 4441-4443 SE Village Road in Stuart, Florida. The duplex arrangement allows for one unit to be leased while the other can provide additional flexibility depending on the buyer’s plans.
The layout is suited to a range of buyers seeking residential income, owner-occupant flexibility, or both. One unit is currently occupied by a long-term tenant on an annual lease, while the second unit is occupied on a month-to-month basis, which may appeal to investors looking for continuity alongside optionality. For buyers considering living on-site, the configuration supports the common approach of occupying one unit while receiving rental income from the other.
Key Highlights
- 1983 duplex with two 3‑bedroom, 2‑bath units
- Each unit includes an indoor laundry room
- Tile flooring throughout and updated interiors
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
$40,238
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
7.45%
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%
$804,760
$804.8K
Cap Rate 7%
$574,829
$574.8K
Cap Rate 9%
$447,089
$447.1K
Market Conditions
NOI Build-Up for 2,740 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
$60.8K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$57.5K $20.98/SF
− OpEx
−$17.2K −$6.29/SF
NOI
$40.2K $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%
$804,760
Cap Rate 7%
$574,829
Cap Rate 9%
$447,089
Alternative Uses
Best Use
Multifamily LT 5
$574.8K
$503.0K – $670.6K
NOI $40,238 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$477.8K
$418.0K – $557.4K
NOI $33,443 @ 7.0% cap · market cap 6.19%
Theoretical Best
Retail
$719.8K
$629.9K – $839.8K
NOI $50,388 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
306
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 3-bedroom units, separate indoor laundry, screened patios, and covered carports for flexible living or leasing.
Where is this duplex located?
The property is located at 4441-4443 SE Village Road Stuart, FL.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 1983 duplex with two 3‑bedroom, 2‑bath units; Each unit includes an indoor laundry room; Tile flooring throughout and updated interiors
