Two-Unit Duplex with Separate
For Sale
$250,000
4485 35th Ave, Vero Beach, FL 32967
Each residence offers two bedrooms, one bathroom, tile flooring, and its own utility service.
Property Size1,316 SF
Price / SF$189.97
Days on Market9
Property Features for 4485 35th Ave
General Information
Standard status
Active
Size
1,316 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,304
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty of VB
(772) 257-8000
Listed By:
Tareek S Beasley · License #3412996
(772) 321-1288
Source:
Exprealty
Added: Oct 17
Changed: Oct 24
Last Checked: Oct 24 at 10:18PM
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 Keller Williams Realty of VB
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Investment Insights
Based on property information with market context.
This 1,316-square-foot duplex contains two residences, each configured with two bedrooms, one bathroom, a spacious living area, and a large kitchen. Tile flooring runs throughout both units. Improvements include a 2025 roof, 2014 air conditioning systems, and a 2014 water heater. The residences have separate utilities, and county water and sewer serve the property.
Each side has its own sidewalk and a large concrete driveway with room for two cars, along with a yard. The property is 10 minutes from local beaches and near a hospital, airport, shopping mall, and interstate.
Each side has its own sidewalk and a large concrete driveway with room for two cars, along with a yard. The property is 10 minutes from local beaches and near a hospital, airport, shopping mall, and interstate.
Key Highlights
- 1,316 SF duplex with two 2‑bedroom, 1‑bathroom residences
- Separate utilities for each unit; county water and sewer
- 2025 roof; 2014 A.C. and water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,195
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,900
$303.9K
Cap Rate 7%
$217,071
$217.1K
Cap Rate 9%
$168,833
$168.8K
Market Conditions
NOI Build-Up for 1,316 SF
Gross rent
$22.9K $17.40/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$21.7K $16.50/SF
− OpEx
−$6.5K −$4.95/SF
NOI
$15.2K $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 Rate 5%
$303,900
Cap Rate 7%
$217,071
Cap Rate 9%
$168,833
Alternative Uses
Best Use
Multifamily LT 5
$217.1K
$189.9K – $253.3K
NOI $15,195 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$200.4K
$175.3K – $233.8K
NOI $14,027 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$288.6K
$252.5K – $336.7K
NOI $20,202 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
254
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, tile flooring, and its own utility service.
Where is this duplex located?
The property is located at 4485 35th Ave Vero Beach, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,316 SF duplex with two 2‑bedroom, 1‑bathroom residences; Separate utilities for each unit; county water and sewer; 2025 roof; 2014 A.C. and water heater
