Multifamily Property with Income
For Sale
$365,000
513 N 17th Street, Fort Pierce, FL 34950
Multifamily property generating income with potential for increased rents.
Property Size1,572 SF
Days on Market397
Property Features for 513 N 17th Street
General Information
Standard status
Active
Size
1,572 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$4,763
Building Details
Building Size
1,572 SF
Year Built
1947
Listing Agency:
ANTHONY SANTANGELO PA
Listed By:
Anthony Santangelo · License #3486972
(954) 812-8490
Source:
Meyerlucas
Added: Sep 19, 2025
Changed: Oct 10
Last Checked: Oct 19 at 4:18PM
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 ANTHONY SANTANGELO PA
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Investment Insights
Based on property information with market context.
This multifamily property generates $2,850 per month and offers the potential to increase rents. A property manager is available to stay on. The property is located in Fort Pierce, Florida.
Key Highlights
- Multi‑family property generating $2,850 monthly income.
- Immediate cash flow.
- Room to increase rents for higher returns.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,434
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,680
$428.7K
Cap Rate 7%
$306,200
$306.2K
Cap Rate 9%
$238,156
$238.2K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$40.9K $26.04/SF
− Vacancy
−$2.0K −$1.25/SF
EGI
$39.0K $24.79/SF
− OpEx
−$17.5K −$11.16/SF
NOI
$21.4K $13.63/SF
Area
St. Lucie County, FL
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,680
Cap Rate 7%
$306,200
Cap Rate 9%
$238,156
Alternative Uses
Best Use
Apartment 5plus
$306.2K
$267.9K – $357.2K
NOI $21,434 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.3K
$345.9K – $461.2K
NOI $27,673 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
769
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
Check the figures for this property
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?
Multifamily property - Multifamily property generating income with potential for increased rents.
Where is this multifamily property located?
The property is located at 513 N 17th Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Multi‑family property generating $2,850 monthly income.; Immediate cash flow.; Room to increase rents for higher returns.
