Impact-Window
For Sale
$330,000
515 Palm Avenue A&b, Fort Pierce, FL 34982
Each residence has two bedrooms and one bathroom, with tenants currently occupying the property.
Property Size1,650 SF
Price / SF$200
Days on Market179
Property Features for 515 Palm Avenue A&b
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,645
Amenities
impact windows
Building Details
Building Size
1,650 SF
Year Built
1969
Construction
CBS
Listing Agency:
EXP Realty LLC
Listed By:
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Source:
Rennyrealty
Added: May 11
Changed: Nov 5
Last Checked: Nov 5 at 9:27AM
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 EXP Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,650-SF duplex, built in 1969, contains two matching residences, each with two bedrooms and one bathroom. CBS construction and impact-rated windows are present throughout, and tenants currently occupy both sides.
The property is in Fort Pierce, with access to US 1 and downtown Fort Pierce.
The property is in Fort Pierce, with access to US 1 and downtown Fort Pierce.
Key Highlights
- Two residences, each configured with 2 bedrooms and 1 bathroom
- 1,650 SF duplex built in 1969
- CBS construction with impact windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,231
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,620
$484.6K
Cap Rate 7%
$346,157
$346.2K
Cap Rate 9%
$269,233
$269.2K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$36.6K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$34.6K $20.98/SF
− OpEx
−$10.4K −$6.29/SF
NOI
$24.2K $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%
$484,620
Cap Rate 7%
$346,157
Cap Rate 9%
$269,233
Alternative Uses
Best Use
Multifamily LT 5
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$321.4K
$281.2K – $375.0K
NOI $22,497 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$415.0K
$363.1K – $484.1K
NOI $29,047 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one bathroom, with tenants currently occupying the property.
Where is this duplex located?
The property is located at 515 Palm Avenue A&b Fort Pierce, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two residences, each configured with 2 bedrooms and 1 bathroom; 1,650 SF duplex built in 1969; CBS construction with impact windows throughout
