CBS Duplex With Impact
515 Palm Avenue #A&b Fort Pierce, FL 34982
515 Palm Avenue #A&b, Fort Pierce, FL, 34982
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For Sale
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Two 2BR/1BA residences with tenants in place, designed for straightforward access to US 1 and downtown Fort Pierce.
Property Size2,190 SF
Price / SF$155.25
Days on Market72
Property Features for 515 Palm Avenue #A&b
General Information
- Standard status
- Active
- Size
- 2,190 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing agency
EXP Realty LLC
Listed by
Ethan McAuliffe PA · License #FL BK3348418
Source
Crexi
Added: May 11 Updated: Jul 10 at 2:01PM Checked: Jul 21 at 5:35AM
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
Investment Insights
Based on property information with market context.
This CBS duplex features two matching units, each configured as 2 bedrooms and 1 bathroom. Both sides include impact windows throughout, offering protection and durability as part of the building’s exterior and fenestration improvements. With tenants already in place, the property is positioned for immediate operational continuity for an owner-occupant or an investor.
Located at 515 Palm Avenue #A&B in Fort Pierce, the duplex offers easy access to US 1 and downtown Fort Pierce. The current tenant profile includes monthly rents and is described as below market, which may be a consideration for buyers evaluating in-place income and future rent positioning.
For tenants or buyers seeking a simple duplex setup, the property provides two separate 2/1 layouts under one ownership structure. Since the units are occupied, prospective owners can review current leasing terms and manage ongoing tenancy from day one, while the impact window package can be a practical quality-of-life feature for residents and property management.
Located at 515 Palm Avenue #A&B in Fort Pierce, the duplex offers easy access to US 1 and downtown Fort Pierce. The current tenant profile includes monthly rents and is described as below market, which may be a consideration for buyers evaluating in-place income and future rent positioning.
For tenants or buyers seeking a simple duplex setup, the property provides two separate 2/1 layouts under one ownership structure. Since the units are occupied, prospective owners can review current leasing terms and manage ongoing tenancy from day one, while the impact window package can be a practical quality-of-life feature for residents and property management.
Key Highlights
- 1969 CBS duplex with two 2BR/1BA residences
- Tenants are in place on both sides
- Impact windows throughout
Local Financial Insights For Apartment 5plus
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 | $57.0k | $26.04 |
| − Vacancy | −$2.7k | −$1.25 |
| EGI | $54.3k | $24.79 |
| − OpEx | −$24.4k | −$11.16 |
| NOI | $29.9k | $13.63 |
2,190 SF · lease $26.04/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.4K
$402.0K – $536.0K
NOI $32,161 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$426.6K
$373.3K – $497.7K
NOI $29,860 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$550.8K
$481.9K – $642.6K
NOI $38,553 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two 2BR/1BA residences with tenants in place, designed for straightforward access to US 1 and downtown Fort Pierce.
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 $340,000.
What are key features of this property?
This property features: 1969 CBS duplex with two 2BR/1BA residences; Tenants are in place on both sides; Impact windows throughout
