Renovated
For Sale
$330,000
611 S 21st Street, Fort Pierce, FL 34950
The two-unit property includes a refreshed two-bedroom residence alongside a four-bedroom unit.
Property Size1,280 SF
Price / SF$257.81
Days on Market109
Property Features for 611 S 21st Street
General Information
Standard status
Active
Size
1,280 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Zoning
Medium Den
Units
Unit Mix
2BR/1BA, 4BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,046
Amenities
Balcony
Outdoor Living Area
Storage
Building Details
Building Size
1,280 SF
Year Built
1951
Stories
1
Units
2
Listing Agency:
Atlantic Shores ERA Powered
(772) 228-2111
Listed By:
Brauner Gamboa Urena · License #3283871
(772) 924-6326
Source:
Bernard-kelly
Added: Jul 20
Changed: Nov 5
Last Checked: Nov 5 at 2:07PM
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 Atlantic Shores ERA Powered
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1951, this duplex contains two residences: one with two bedrooms and one bathroom, and another with four bedrooms and two bathrooms. The two-bedroom unit has been renovated. The property spans two parcels at a corner location in Franklin Park Subdivision and is zoned Medium Den.
Key Highlights
- Two residences: one 2‑bedroom, 1‑bath unit and one 4‑bedroom, 2‑bath unit
- The 2‑bedroom unit has been renovated
- Two parcels at a corner location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,797
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,940
$375.9K
Cap Rate 7%
$268,529
$268.5K
Cap Rate 9%
$208,856
$208.9K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$28.4K $22.20/SF
− Vacancy
−$1.6K −$1.22/SF
EGI
$26.9K $20.98/SF
− OpEx
−$8.1K −$6.29/SF
NOI
$18.8K $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%
$375,940
Cap Rate 7%
$268,529
Cap Rate 9%
$208,856
Alternative Uses
Best Use
Multifamily LT 5
$268.5K
$235.0K – $313.3K
NOI $18,797 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$249.3K
$218.2K – $290.9K
NOI $17,452 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$321.9K
$281.7K – $375.6K
NOI $22,533 @ 7.0% cap · market cap 6.83%
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
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
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 - The two-unit property includes a refreshed two-bedroom residence alongside a four-bedroom unit.
Where is this duplex located?
The property is located at 611 S 21st Street 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: one 2‑bedroom, 1‑bath unit and one 4‑bedroom, 2‑bath unit; The 2‑bedroom unit has been renovated; Two parcels at a corner location
