Duplex on Double Corner
For Sale
$350,000
611 S 21st Street, Fort Pierce, FL 34950
Two-unit property on a double corner lot with one renovated residence.
Property Size1,280 SF
Days on Market96
Property Features for 611 S 21st Street
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,046
Building Details
Building Size
1,280 SF
Year Built
1951
Buildings
1
Listing Agency:
Atlantic Shores ERA Powered
Listed By:
Brauner Gamboa Urena · License #3283871
(772) 924-6326
Source:
Meyerlucas
Added: Jul 21
Changed: Oct 21
Last Checked: Oct 23 at 2:08PM
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
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Investment Insights
Based on property information with market context.
Located at 611 S 21st Street in Fort Pierce, this duplex occupies a double corner lot spanning two parcels. Built in 1951, the property includes two separate residential units with distinct layouts.
One residence has two bedrooms and one bathroom and has been fully renovated. The second unit offers four bedrooms and two bathrooms, providing a larger configuration within the same duplex. The site’s two-parcel layout also supports consideration of future fourplex development, as described in the property information.
One residence has two bedrooms and one bathroom and has been fully renovated. The second unit offers four bedrooms and two bathrooms, providing a larger configuration within the same duplex. The site’s two-parcel layout also supports consideration of future fourplex development, as described in the property information.
Key Highlights
- Double corner lot spanning two parcels
- Duplex built in 1951
- Fully renovated 2‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,797
Cap Rate
5.37%
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 5.37%
Second Best
Apartment 5plus
$249.3K
$218.2K – $290.9K
NOI $17,452 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$321.9K
$281.7K – $375.6K
NOI $22,533 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property on a double corner lot with one renovated residence.
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 $350,000.
What are key features of this property?
This property features: Double corner lot spanning two parcels; Duplex built in 1951; Fully renovated 2‑bedroom, 1‑bath unit
