Updated Duplex with Screened
5298 Deleon Avenue Fort Pierce, FL 34951
For Sale
$420,000
Updated 2-unit duplex generating $3,350 in gross monthly income, featuring screened patios, fenced yard, and recent major upgrades.
Property Size2,565 SF
Price / SF$163.74
Days on Market28
Property Features for 5298 Deleon Avenue
General Information
- Standard status
- Active
- Size
- 2,565 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1976
Listing Agency:
Approved Realty Solutions, Inc
(305) 342-2378
Listed By:
Patrick Jones · License #R11153657
(305) 342-2378
Source:
Lehmannflorida
Added: Jun 28
Changed: Jul 21
Last Checked: Jul 25 at 12:05PM
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 Approved Realty Solutions, Inc
Investment Insights
Based on property information with market context.
This updated duplex offers two separate rental units: a 3-bedroom 2-bath unit and a fully renovated 2-bedroom 1-bath unit. The property is described as cash-flowing, generating $3,350 in gross monthly income, with $1,800 for the 3/2 unit and $1,550 for the 2/1 unit. The 2-bedroom unit has been fully renovated, including a kitchen, updated bathroom, flooring, and fresh paint. The 3-bedroom unit has a new kitchen and other updates, and it is described as month-to-month.
Significant improvements noted include a brand-new roof in 2026 (reported as a $22,000 roof), a new AC unit in the 3-bedroom unit in 2026, along with a newer septic system and a newer well. Both units are described as having large bedrooms and ample closet space, plus screened patios and access to a fenced yard.
Significant improvements noted include a brand-new roof in 2026 (reported as a $22,000 roof), a new AC unit in the 3-bedroom unit in 2026, along with a newer septic system and a newer well. Both units are described as having large bedrooms and ample closet space, plus screened patios and access to a fenced yard.
Key Highlights
- Updated duplex (2 units) built in 1976 generating $3,350 in gross monthly income
- Revenue includes $1,800 per month for the 3/2 unit and $1,550 per month for the fully renovated 2/1 unit
- Brand‑new $22,000 roof scheduled/installed in 2026
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 | $56.9k | $22.20 |
| − Vacancy | −$3.1k | −$1.22 |
| EGI | $53.8k | $20.98 |
| − OpEx | −$16.1k | −$6.29 |
| NOI | $37.7k | $14.69 |
2,565 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$538.1K
$470.9K – $627.8K
NOI $37,668 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$499.6K
$437.2K – $582.9K
NOI $34,973 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$645.1K
$564.4K – $752.6K
NOI $45,154 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated 2-unit duplex generating $3,350 in gross monthly income, featuring screened patios, fenced yard, and recent major upgrades.
Where is this duplex located?
The property is located at 5298 Deleon Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Updated duplex (2 units) built in 1976 generating $3,350 in gross monthly income; Revenue includes $1,800 per month for the 3/2 unit and $1,550 per month for the fully renovated 2/1 unit; Brand‑new $22,000 roof scheduled/installed in 2026
