508 N 23rd Street, Fort Pierce, FL 34950
A renovated duplex with two mirrored units, each offering three bedrooms and one bath for flexible occupancy or rental use.
- Added:
- Feb 4, 2026
- Days on Market:
- 141
- Last Refresh:
- Jun 20 at 5:52 am
Property Features for 508 N 23rd Street
General Information
- Standard status
- Active
- Size
- 1,550 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing office London Foster Realty
Listing date Feb 4, 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 London Foster Realty
HighLights
- Fully renovated duplex built in 1970 in Fort Pierce
- Two mirrored units, each with 3 bedrooms and 1 bathroom
- Updated interiors including kitchen, windows, and flooring
Overview
The property is located in Fort Pierce, Florida at 508 N 23rd Street. It is offered for sale as a residential income property, with the renovated interior elements designed to support comfortable day-to-day living.
For buyers seeking a duplex with matching unit counts and refreshed finishes, this configuration can simplify planning and leasing by keeping both sides comparable in bedroom and bath layout. The combination of renovation details and a clear two-unit program makes the property practical for prospective homeowners looking to live in one unit while renting the other, or for investors evaluating a turnkey residential income asset.
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 | $34.4k | $22.20 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $32.5k | $20.98 |
| − OpEx | −$9.8k | −$6.29 |
| NOI | $22.8k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3476728
- Latitude
- 27.4535591
