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    Waterfront Duplex in Port Salerno Title is generated by Realmo AI

    4548- 4550 SE Salvatori Road, Stuart, FL 34997

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    For Sale
    $539,900

    MULTI_FAMILY - Stuart, FL

    Property size:
    2,146 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $251/SF
    Added:
    May 15, 2026
    Days on Market:
    4
    Last Refresh:
    May 18 at 1:06 am

    Property Features for 4548- 4550 SE Salvatori Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RES
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
    Window features
    Storm Window(s), Drapes, Shutters
    Patio and Porch features
    Patio
    Pets allowed
    No, Yes
    Standard status
    Active
    APN
    363841011000003510
    Size
    2,146 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    A PORTION OF LOT 35 PORT SALERNO VILLAGE PHASE ONE PB 7/65 MARTIN CO BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGIN AT THE NW CORNER OF
    Tax Annual Amount
    3225

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Ceiling Fan(s), Central Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1981
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    CBS, Stucco
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Jeffrey L Tricoli PA

    Listing agent Jeffrey L Tricoli PA License #3082942

    Listing office KW Reserve Palm Beach 9897 Lake Worth Rd., West Palm Beach, FL

    Listing date May 15, 2026

    MLS# B26029072 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront property with canal and lake views
    • No HOA fees or restrictions in Port Salerno Village
    • Duplex featuring two units, each with 3 bedrooms and 1 bathroom
    • Recent upgrades (2023‑2025) include new water heater, refrigerator, washer/dryer hookup, window treatments, and ceiling fans
    • Each unit offers 1,073 sq ft of living space with spacious dining and living areas
    • Patio access via French double doors for relaxing outdoor space

    Overview

    Located in the waterfront community of Port Salerno Village with no HOA, this duplex offers 1,073 square feet of living space in each unit. Each unit features 3 bedrooms and 1 bathroom. The layout includes a dining and living area, a kitchen with appliances and storage cabinets, and bedrooms each with its own closet. The 3rd bedroom includes a laundry closet with a washer and dryer hookup. Recent upgrades in 2025 include a new water heater, refrigerator, washer and dryer hookup, and window treatments, while ceiling fans were updated in 2023. French double doors open to the patio, where residents can relax and enjoy canal and lake views. The property is situated on a 0.17-acre lot. The property contains a total of 2,146 square feet of living space. This property is zoned as RES. It is located in Stuart, Florida, with the postal code 34997, in Martin County.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $350.2K
    NOI $31,515 @ 9.00% cap · cautious / downside scenario
    Moderate
    $450.2K
    NOI $31,515 @ 7.00% cap · market / base-case scenario
    Aggressive
    $630.3K
    NOI $31,515 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $47.6k $22.20
    − Vacancy −$2.6k −$1.22
    EGI $45.0k $20.98
    − OpEx −$13.5k −$6.29
    NOI $31.5k $14.69
    2,146 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $450.2K
    $393.9K – $525.3K (±1% cap)
    NOI $31,515 @ 7.0% cap · market cap 5.84%
    Second Best
    Apartment 5plus
    $374.2K
    $327.4K – $436.6K (±1% cap)
    NOI $26,193 @ 7.0% cap · market cap 4.85%
    Theoretical Best
    Retail
    $563.8K
    $493.3K – $657.7K (±1% cap)
    NOI $39,464 @ 7.0% cap · market cap 7.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Grocery & Convenience Store Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.1920447
    Latitude
    27.1290076

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    FAQs

    What type of property is this?
    Duplex - Charming duplex with canal views in Port Salerno Village.
    Where is this duplex located?
    The property is located at 4548- 4550 SE Salvatori 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: Waterfront property with canal and lake views; No HOA fees or restrictions in Port Salerno Village; Duplex featuring two units, each with 3 bedrooms and 1 bathroom
    (561) 220-6006
    We can help!
    Listing Contact
    Jeffrey L Tricoli PA
    Real Estate License ID: 3082942
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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