CBS Duplex with Impact
515 Palm Avenue Fort Pierce, FL 34982
515 Palm Avenue, Fort Pierce, FL, 34982
$340,000
For Sale
$340,000
MULTI_FAMILY - Fort Pierce, FL
Property Size1,650 SF
Lot Size0.18 Acres
Price / SF$206.06
Days on Market69
Property Features for 515 Palm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Medium Den
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
- 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
- Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- Block, CBS, Stucco
- Roof type
- Flat
Listing Agency
EXP Realty LLC
(888) 883-8509
10752 Deerwood Park Blvd #100, Tampa, FL
Listed by
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Added: May 11 Checked: Jul 18 at 12:06 am
MLS# B26027087
Listing URL
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.
Investment Insights
Based on property information with market context.
This for-sale duplex features two separate 2-bedroom, 1-bath units, with each side constructed of CBS. The property totals 1,650 square feet and includes impact windows throughout.
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.
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.
Key Highlights
- 2/1 duplex (2 units) with each side CBS construction
- Impact windows throughout
- Public water and public sewer
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 |
1,650 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$321.4K
$281.2K – $375.0K
NOI $22,497 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$415.0K
$363.1K – $484.1K
NOI $29,047 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2/1 units in a CBS duplex with impact windows, offering an income-producing residential setup.
Where is this duplex located?
The property is located at 515 Palm Avenue 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: 2/1 duplex (2 units) with each side CBS construction; Impact windows throughout; Public water and public sewer
