Duplex with Separate Utility
For Sale
$329,999
506 HOLLY Avenue #A/B, Fort Pierce, FL 34982
Two residential units feature distinct interior finishes, an enclosed rear patio, and a shared backyard.
Property Size1,620 SF
Price / SF$203.70
Days on Market39
Property Features for 506 HOLLY Avenue #A/B
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
Things still doing are 1. painting the outside. 2. Putting shutters on each side of the big windows. frame with wood the ac units. 3.New blinds will be in all windows. 4. landscaping the front middle part against the building.
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
enclosed back patio
Building Details
Year Built
1970
Buildings
1
Listing Agency:
FlatFee.com
Listed By:
Cliff Glansen · License #707077
(954) 965-3990
Source:
Lehmannflorida
Added: Sep 12
Changed: Oct 19
Last Checked: Oct 19 at 11:14AM
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 FlatFee.com
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Investment Insights
Based on property information with market context.
This two-unit residential property totals 1,620 square feet and was built in 1970. A metal roof covers the building, and each unit has its own utility meter. Interior finishes differ: Unit A has tile in most rooms, while Unit B combines wood-look flooring with tile in the kitchen and bathroom. Bathroom updates include new tile, toilets, vanities, and mirrors. The property also has an enclosed rear patio and a large backyard maintained by tenants.
The duplex is on Holly Avenue in Fort Pierce, near shopping, schools, and beaches. Both units are currently vacant. Exterior painting and landscaping work are in progress, with additional exterior tasks also noted.
The duplex is on Holly Avenue in Fort Pierce, near shopping, schools, and beaches. Both units are currently vacant. Exterior painting and landscaping work are in progress, with additional exterior tasks also noted.
Key Highlights
- Two units totaling 1,620 square feet
- Separate utility meters for each unit
- Metal roof and enclosed rear patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,790
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,800
$475.8K
Cap Rate 7%
$339,857
$339.9K
Cap Rate 9%
$264,333
$264.3K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$36.0K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$34.0K $20.98/SF
− OpEx
−$10.2K −$6.29/SF
NOI
$23.8K $14.69/SF
Area
St. Lucie 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 Rate 5%
$475,800
Cap Rate 7%
$339,857
Cap Rate 9%
$264,333
Alternative Uses
Best Use
Multifamily LT 5
$339.9K
$297.4K – $396.5K
NOI $23,790 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$315.5K
$276.1K – $368.1K
NOI $22,088 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$407.4K
$356.5K – $475.3K
NOI $28,518 @ 7.0% cap · market cap 8.64%
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
Utilities to site
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
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 - Two residential units feature distinct interior finishes, an enclosed rear patio, and a shared backyard.
Where is this duplex located?
The property is located at 506 HOLLY Avenue #A/B Fort Pierce, FL.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: Two units totaling 1,620 square feet; Separate utility meters for each unit; Metal roof and enclosed rear patio
