Fully Renovated Duplex
508 N 23rd Street Fort Pierce, FL 34950
508 N 23rd Street, Fort Pierce, FL, 34950
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For Sale
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A renovated duplex with two mirrored units, each offering three bedrooms and one bath for flexible occupancy or rental use.
Property Size1,550 SF
Price / SF$258.06
Days on Market164
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 Agency
London Foster Realty
Listed by
Terrence Jr · License #3605684
Source
Crexi
Added: Feb 4 Checked: Jul 16 at 11:44 am
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
Investment Insights
Based on property information with market context.
This fully renovated duplex includes two units, each with three bedrooms and one bathroom. Updates are described as including the kitchen, windows, flooring, and other modern upgrades throughout. The layout provides a straightforward two-family configuration suitable for owner-occupancy with rental support or for maintaining both units as income-producing residences.
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.
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.
Key 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
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 |
1,550 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.2K
$284.5K – $379.4K
NOI $22,762 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$301.9K
$264.2K – $352.2K
NOI $21,134 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$389.8K
$341.1K – $454.8K
NOI $27,286 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - A renovated duplex with two mirrored units, each offering three bedrooms and one bath for flexible occupancy or rental use.
Where is this duplex located?
The property is located at 508 N 23rd Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 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
