515 Palm Avenue, Fort Pierce, FL 34982
MULTI_FAMILY - Fort Pierce, FL
- Added:
- May 11, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 515 Palm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Medium Den
- Bedrooms
- 4
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2
- Pets allowed
- No, Yes
- Exterior features
- Barbecue
- Standard status
- Active
- APN
- 242260202150000
- Size
- 1,650 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MARAVILLA GARDENS S/D-UNIT 1- W 60 FT OF E 610 FT OF LOT 45 (OR 3289-2579)
- Tax Annual Amount
- 3645
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Tile
- Building materials
- Block, CBS, Stucco
- Roof type
- Flat
Listing agent Ethan McAuliffe PA License #3348418 (772) 359-0300
Listing office EXP Realty LLC 10752 Deerwood Park Blvd #100, Tampa, FL (888) 883-8509
Listing date May 11, 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.
HighLights
- 2/1 CBS duplex with easy access to US 1 and downtown Fort Pierce
- Tenants are in place; monthly rents are below market
- Impact windows throughout
- Year built: 1969
- Public water and public sewer
- Cooling includes wall/window and window unit(s), plus ceiling fans
Overview
The duplex is positioned with easy access to US 1 and downtown Fort Pierce, supporting convenient day-to-day connectivity for residents.
With tenants already in place, the property may appeal to buyers seeking an operational residential income setup. The below-market monthly rents noted in the remarks provide a starting point for evaluating current tenancy and future rent strategy, subject to buyer review of lease terms and on-site conditions.
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 | $36.6k | $22.20 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $34.6k | $20.98 |
| − OpEx | −$10.4k | −$6.29 |
| NOI | $24.2k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.32783
- Latitude
- 27.415606
