Adjacent Fourplex Portfolio Opportunity

642 & 646 Eldorado Street, Fort Pierce, FL 34949

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For Sale

$2,400,000

Two adjacent fully occupied fourplex buildings offering eight 2BR/1.5BA units with separate electric meters.

Type:Multi-Family

Property size:

8,008 SF

Price / SF:

$299/SF

HighLights

Two adjacent fully occupied fourplex buildings totaling 8 units (2BR/1.5BA each)
Units average approximately 1,001 SF and have separate electric meters
Impact windows and recent renovations in the units
Frame and stucco construction with central air in Interior Features
Zoned HI Medium with 16 parking spaces
Year built: 1984

We can help!

Listing Contact

John DiGirolomo

Learn more

For Sale

$2,400,000

Two adjacent fully occupied fourplex buildings offering eight 2BR/1.5BA units with separate electric meters.

Type:Multi-Family

Property size:

8,008 SF

Price / SF:

$299/SF

Added:: May 9, 2026
Days on Market:: 41
Last Refresh:: Jun 14 at 1:47 am

Property Features for 642 & 646 Eldorado Street

General Information

Standard status: Active
Size: 8,008 SF
Property subtype: Multi-Family

Building Details

Year Built: 1984

We can help!

Listing Contact

John DiGirolomo

Listing agent John DiGirolomo License #3458838

Listing office LPT Realty, LLC

Listing date May 9, 2026

Source Xome

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 LPT Realty, LLC

HighLights

Two adjacent fully occupied fourplex buildings totaling 8 units (2BR/1.5BA each)
Units average approximately 1,001 SF and have separate electric meters
Impact windows and recent renovations in the units
Frame and stucco construction with central air in Interior Features
Zoned HI Medium with 16 parking spaces
Year built: 1984

Overview

This offering consists of two adjacent fourplex buildings totaling eight units. Each apartment is described as a large 2-bedroom, 1.5-bath layout, with separate electric meters and impact windows. The property is reported as fully occupied, and units have been noted as recently renovated. Construction is frame and stucco, supporting a straightforward, repeatable residential income configuration across both buildings.

The buildings are located near the Intracoastal and within the broader coastal lifestyle area that includes beaches, Jetty Park, marinas, restaurants, and downtown entertainment. The remarks also cite nearby redevelopment activity, including a planned surf park and continued Port of Fort Pierce expansion.

For buyers looking to acquire a concentrated residential income portfolio rather than a single multifamily asset, this structure provides eight total units housed in two neighboring fourplexes. The combination of full occupancy, separate electric metering, and renovation updates may appeal to operators seeking a manageable property footprint with consistent unit features across both buildings, based on the information provided. Current gross annual income is stated as approximately $157,800 in the listing materials.

Location Intelligence

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Quadplexes

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Location Insight

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Local Demand

City: Fort Pierce
County: St. Lucie
State: Florida
Longitude: -80.2928835
Latitude: 27.4621303

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For sale
Quadplexes
FL
Fort Pierce
34949
642 & 646 Eldorado Street

What type of property is this?

Quadplex - Two adjacent fully occupied fourplex buildings offering eight 2BR/1.5BA units with separate electric meters.

Where is this quadplex located?

The property is located at 642 & 646 Eldorado Street Fort Pierce, FL.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Two adjacent fully occupied fourplex buildings totaling 8 units (2BR/1.5BA each); Units average approximately 1,001 SF and have separate electric meters; Impact windows and recent renovations in the units