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    Residential Income Duplex Title is generated by Realmo AI

    5010 Sanibel Avenue, Fort Pierce, FL 34951

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    For sale duplex offering residential income potential in Fort Pierce, Florida.

    Type:Multifamily
    Property size:
    1,800 SF
    Price / SF:
    $205/SF
    Added:
    Apr 30, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 20 at 8:10 am

    Property Features for 5010 Sanibel Avenue

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1973

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    Taylor Wright

    Listing office Vested Properties

    Listing date Apr 30, 2026

    Source Crexi

    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 Vested Properties

    HighLights

    • Duplex for sale in Fort Pierce, Florida
    • Year built: 1973
    • Residential income potential

    Overview

    This duplex is offered for sale as a residential income property. The asset size is listed at 1,800 square feet, providing a straightforward two-unit configuration typical of duplex ownership.

    The property is located at 5010 Sanibel Avenue in Fort Pierce, Florida (34951). Please note the public remarks request “Do not disturb,” so any access should be arranged through the appropriate showing process.

    As a for-sale duplex, this property may appeal to buyers seeking a manageable residential investment structure, such as an owner-operator scenario or a rental-focused acquisition, depending on their underwriting and business plan. With the information provided, prospective buyers should focus their due diligence on the property’s condition, unit layout, and current or future leasing considerations, along with any applicable local requirements for duplex use and operation. For additional details, including income, expenses, and lease status, request the complete offering materials and schedule a private showing through the listing team.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $40.0k $22.20
    − Vacancy −$2.2k −$1.22
    EGI $37.8k $20.98
    − OpEx −$11.3k −$6.29
    NOI $26.4k $14.69
    1,800 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $377.6K
    $330.4K – $440.6K (±1% cap)
    NOI $26,434 @ 7.0% cap · market cap 7.16%
    Second Best
    Apartment 5plus
    $350.6K
    $306.8K – $409.0K (±1% cap)
    NOI $24,542 @ 7.0% cap · market cap 6.65%
    Theoretical Best
    Office A
    $452.7K
    $396.1K – $528.1K (±1% cap)
    NOI $31,687 @ 7.0% cap · market cap 8.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3930447
    Latitude
    27.5257727

    FAQs

    What type of property is this?
    Duplex - For sale duplex offering residential income potential in Fort Pierce, Florida.
    Where is this duplex located?
    The property is located at 5010 Sanibel Avenue Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: Duplex for sale in Fort Pierce, Florida; Year built: 1973; Residential income potential
    More about this property
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