Two-Unit Concrete Block
For Sale
Under Contract
$229,900
512 S 6th Street, Fort Pierce, FL 34950
Residential Income, Fort Pierce, FL
Property Size1,120 SF
Lot Size0.17 Acres
Price / SF$205.27
Days on Market8
Property Features for 512 S 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Medium Den
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1
Exterior features
Awning(s)
Subdivision
WOODBINE SUBDIVISION
Lot features
Corner Lot, Sidewalks
Directions
US Hwy 1 to Delaware Ave West to S 6th Street south on 6th Street property on left
Standard status
Active Under Contract
APN
241071500030001
Size
1,120 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WOODBINE S/D LOT 3-LESS E 8 1/2 FT- AND ALL LOT 4-LESS RD R/W- (MAP 24/10F) (OR 2886-1400; 3382-421; 3418-2501; 3620-265)
Tax Annual Amount
1939
Legal Description
WOODBINE S/D LOT 3-LESS E 8 1/2 FT- AND ALL LOT 4-LESS RD R/W- (MAP 24/10F) (OR 2886-1400; 3382-421; 3418-2501; 3620-265)
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Electric, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Terrazzo
Building materials
Concrete Block - No Stucco
Roof type
Shingle
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Richard Joseph Cranmer · License #3027487
(772) 359-4042
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 6 at 11:06PM
MLS# B26081816
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.
This 1,120-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. The building was constructed in 1954 with concrete-block walls and has an updated kitchen. Terrazzo flooring, window or wall-unit cooling, and a shingle roof are also noted.
The property occupies a 0.17-acre lot in Fort Pierce. Public water and sewer serve the building, and each unit has separate water and electric meters. Both residences are occupied.
The property occupies a 0.17-acre lot in Fort Pierce. Public water and sewer serve the building, and each unit has separate water and electric meters. Both residences are occupied.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,120 square feet on a 0.17‑acre lot
- Separate water and electric meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,448
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,960
$329.0K
Cap Rate 7%
$234,971
$235.0K
Cap Rate 9%
$182,756
$182.8K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$24.9K $22.20/SF
− Vacancy
−$1.4K −$1.22/SF
EGI
$23.5K $20.98/SF
− OpEx
−$7.0K −$6.29/SF
NOI
$16.4K $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%
$328,960
Cap Rate 7%
$234,971
Cap Rate 9%
$182,756
Alternative Uses
Best Use
Multifamily LT 5
$235.0K
$205.6K – $274.1K
NOI $16,448 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$218.2K
$190.9K – $254.5K
NOI $15,271 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$281.7K
$246.5K – $328.6K
NOI $19,716 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a two-bedroom, one-bathroom layout, with separate water and electric meters.
Where is this duplex located?
The property is located at 512 S 6th Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,120 square feet on a 0.17‑acre lot; Separate water and electric meters for the units
