Renovated Duplex on Corner
611 S 21st Street Fort Pierce, FL 34950
New
For Sale
$350,000
MULTI_FAMILY - Fort Pierce, FL
Property Size1,280 SF
Lot Size0.36 Acres
Price / SF$273.44
Days on Market7
Property Features for 611 S 21st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Medium Den
- Bedrooms
- 6
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 6
- Patio and Porch features
- Patio, Deck
- Pets allowed
- Yes, No
- Exterior features
- Balcony, Storage
- Standard status
- Active
- APN
- 240971100080000
- Size
- 1,280 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FRANKLIN PARK S/D BLK 1 LOTS 8 AND 9
- Tax Annual Amount
- 6046
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Wood Frame, Wood Siding
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Brauner Gamboa Urena · License #3283871
(772) 924-6326
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 26 at 10:06AM
MLS# B26054866
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 duplex sits on a double corner lot spanning two parcels and includes two residential units. The smaller unit offers two bedrooms and one bathroom and has been fully renovated. The larger unit offers four bedrooms and two bathrooms. The property size is 1,280 square feet on a 0.36-acre lot, and current monthly rents are $1,400 for the two-bedroom unit and $1,500 for the four-bedroom unit.
Located at 611 S 21st Street in Fort Pierce, Florida, the property is listed with zoning noted as “Medium Den.” The current setup provides an existing income stream and the site is described as holding potential for redevelopment into a fourplex.
For buyers and investors looking for an income-producing duplex with room to consider future expansion, this property’s configuration and current rent roll are central to the offering.
Located at 611 S 21st Street in Fort Pierce, Florida, the property is listed with zoning noted as “Medium Den.” The current setup provides an existing income stream and the site is described as holding potential for redevelopment into a fourplex.
For buyers and investors looking for an income-producing duplex with room to consider future expansion, this property’s configuration and current rent roll are central to the offering.
Key Highlights
- Double corner lot spans two parcels, with space to expand to a fourplex (based on provided remarks).
- Duplex includes a fully renovated 2‑bedroom, 1‑bath unit renting for $1,400.
- Second unit is a 4‑bedroom, 2‑bath unit renting for $1,500.
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 | $28.4k | $22.20 |
| − Vacancy | −$1.6k | −$1.22 |
| EGI | $26.9k | $20.98 |
| − OpEx | −$8.1k | −$6.29 |
| NOI | $18.8k | $14.69 |
1,280 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two fully renovated duplex units generate $1,400 and $1,500 in monthly rent.
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 spans two parcels, with space to expand to a fourplex (based on provided remarks).; Duplex includes a fully renovated 2‑bedroom, 1‑bath unit renting for $1,400.; Second unit is a 4‑bedroom, 2‑bath unit renting for $1,500.
