Two-Unit
New
For Sale
$295,000
513 N 12TH N Street, Fort Pierce, FL 34950
Both residences are one story, with two bedrooms and one bathroom apiece.
Property Size1,275 SF
Price / SF$231.37
Days on Market3
Property Features for 513 N 12TH N Street
General Information
Standard status
Active
Size
1,275 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$900
Building Details
Year Built
1953
Stories
1
Tenancy
Multi
Listing Agency:
London Foster Realty
(305) 514-0100
Listed By:
Jennifer Giraldo · License #3465511
(954) 903-8202
Source:
Lehmannflorida
Added: Oct 18
Changed: Oct 19
Last Checked: Oct 19 at 8:33AM
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
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Investment Insights
Based on property information with market context.
Built in 1953, this 1,275-square-foot duplex contains two single-story residences. Each unit has two bedrooms and one bathroom, and both are currently occupied under month-to-month leases.
The property is located in Fort Pierce, Florida.
The property is located in Fort Pierce, Florida.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,275 square feet across two single‑story units
- Both units occupied on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,724
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,480
$374.5K
Cap Rate 7%
$267,486
$267.5K
Cap Rate 9%
$208,044
$208.0K
Market Conditions
NOI Build-Up for 1,275 SF
Gross rent
$28.3K $22.20/SF
− Vacancy
−$1.6K −$1.22/SF
EGI
$26.7K $20.98/SF
− OpEx
−$8.0K −$6.29/SF
NOI
$18.7K $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%
$374,480
Cap Rate 7%
$267,486
Cap Rate 9%
$208,044
Alternative Uses
Best Use
Multifamily LT 5
$267.5K
$234.1K – $312.1K
NOI $18,724 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$248.3K
$217.3K – $289.7K
NOI $17,384 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$320.6K
$280.6K – $374.1K
NOI $22,445 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
853
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are one story, with two bedrooms and one bathroom apiece.
Where is this duplex located?
The property is located at 513 N 12TH N Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,275 square feet across two single‑story units; Both units occupied on month‑to‑month leases
