508 N 23rd Street Fort Pierce, FL 34950
MULTI_FAMILY - Fort Pierce, FL
- Added:
- Jan 28, 2026
- Days on Market:
- 165
- Last Refresh:
- Jul 12 at 8:06 pm
Property Features for 508 N 23rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MEDIUM DEN
- Bedrooms
- 6
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 3
- Standard status
- Active
- APN
- 240960201240004
- Size
- 1,550 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ALAMANDA VISTA S/D BLK E LOT 9 AND W 5 FT OF VAC ALLEY ADJ ON E (OR 3929-1600)
- Tax Annual Amount
- 6609
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, CBS
- Roof type
- Composition, Shingle
Listing agent Terrence Brown Jr License #3605684 (305) 906-0818
Listing office United Realty Group Inc. 3100 S Federal Hwy Bay 1, Plantation, FL (954) 450-2000
Listing date Jan 28, 2026
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.
Investment Insights
Based on property information with market context.
Located in Fort Pierce, Florida, the property is presented for sale at 508 N 23rd Street in St. Lucie County. The duplex configuration provides a straightforward residential income setup within a residentially oriented setting.
With a mirrored layout across both units, the building may appeal to buyers seeking a duplex for either owner-occupancy or rental use. Each unit’s 3-bedroom, 1-bath arrangement provides a practical tenant or household mix, and the recent renovations can help reduce near-term interior work for an owner or operator.
Key Highlights
- Fully renovated duplex built in 1970
- 3 bedrooms and 1 bath in each unit (6 total bedrooms)
- Central heating and central A/C with tile 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 |
