Two-Unit Duplex with Separate
New
For Sale
$250,000
4485 35th Avenue, Vero Beach, FL 32967
ResidentialIncome, Vero Beach, FL
Property Size1,316 SF
Lot Size0.11 Acres
Price / SF$189.97
Days on Market1
Property Features for 4485 35th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
,
Zoning description
Commercial, Multiple
Parking
4
Patio and Porch features
Porch
Interior features
Bathtub, GardenTubRomanTub, HighCeilings
Exterior features
Porch, RainGutters
Subdivision
North Gifford Height
Lot features
Less Than Quarter Acre
Directions
From US1 N Make a left onto 45th street. Take 45th to 35th ave and make left duplex on right.
Standard status
Active
APN
32392700004002000003.0
Size
1,316 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH GIFFORD HEIGHTS SUB BLK 2 LOT 3 PBI 3-51
Tax Annual Amount
1304
Legal Description
NORTH GIFFORD HEIGHTS SUB BLK 2 LOT 3 PBI 3-51
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1966
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty of VB
(772) 257-8000
Listed By:
Tareek S Beasley · License #3412996
(772) 321-1288
Added: Oct 17
Last Checked: Oct 17 at 11:06PM
MLS# 300640
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 and one bathroom. Tile flooring runs throughout, and the kitchens and living rooms are spacious. The 1966-built property has a 2025 roof, central heating and air conditioning, gutters, and porches. Each unit has separate utilities, its own concrete driveway, and a yard; public water and sewer serve the property.
The duplex is at 4485 35th Avenue in Vero Beach, near a hospital, airport, shopping mall, interstate, and local beaches, which are 10 minutes away.
The duplex is at 4485 35th Avenue in Vero Beach, near a hospital, airport, shopping mall, interstate, and local beaches, which are 10 minutes away.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,316 square feet on a 0.11‑acre lot
- 2025 roof; central heating and air conditioning
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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Current Use
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bath, and its own yard and driveway.
Where is this duplex located?
The property is located at 4485 35th Avenue 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: Two residences, each with 2 bedrooms and 1 bathroom; 1,316 square feet on a 0.11‑acre lot; 2025 roof; central heating and air conditioning
