Fort Pierce Multifamily Investment
642 & 646 Eldorado Street, Fort Pierce, FL
MULTI_FAMILY - Fort Pierce, FL
Property size:
8,008 SFLot size:
0.24 AcresPrice / SF:
$299/SF- Added:
- May 11, 2026
- Days on Market:
- 19
- Last Refresh:
- May 29 at 8:06 pm
Property Features for 642 & 646 Eldorado Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HI Medium
- Parking
- 16
- Standard status
- Active
- APN
- 240150300620003
- Size
- 8,008 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OCEAN VIEW S/D REVISED PLAT HOLLEY AND MORGAN'S S/D BLK 6 N 38.96 FT OF LOT 10 AND S 40.92 FT OF LOT 11
- Tax Annual Amount
- 43595
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Tile
- Building materials
- Frame, Stucco
- Roof type
- Shingle
Listing agent John C DiGirolomo License #3458838 (772) 713-4204
Listing office LPT Realty, LLC 1400 S International Parkw Suite 1020, Lake Mary, FL (877) 366-2213
Listing date May 11, 2026
MLS# B26027271
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.
HighLights
- Fully occupied multifamily portfolio generating approximately $157,800 in current gross annual income.
- Located near the Intracoastal, beaches, Jetty Park, marinas, restaurants, and downtown entertainment.
- Eight large 2BR/1.5BA units averaging approximately 1,001 SF.
- Units feature separate electric meters and impact windows.
- Recent renovations enhance appeal and reduce maintenance.
- Positioned near major redevelopment projects including a planned surf park and Port of Fort Pierce expansion.
Overview
This is a rare opportunity to acquire two adjacent fourplex buildings, totaling 8 units, in Fort Pierce, Florida. The property is located in a rapidly growing coastal submarket near the Intracoastal Waterway, beaches, Jetty Park, marinas, restaurants, and downtown entertainment. The fully occupied multifamily portfolio generates immediate cash flow, with a current gross annual income of approximately $157,800. Each unit averages approximately 1,001 square feet and features 2 bedrooms and 1.5 bathrooms, along with separate electric meters and impact windows. Recent renovations have been completed. The buildings are of frame and stucco construction and have a strong rental history. Future upside is possible through lease optimization. The property is positioned near major redevelopment projects, including the planned surf park and continued Port of Fort Pierce expansion. The lot size is 0.24 acres, and the property size is 8,008 square feet. The zoning is HI Medium. This multifamily property is located at 642 & 646 Eldorado Street, Fort Pierce, FL.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.293106
- Latitude
- 27.462204
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property in a rapidly growing coastal submarket.
Where is this apartment building 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: Fully occupied multifamily portfolio generating approximately $157,800 in current gross annual income.; Located near the Intracoastal, beaches, Jetty Park, marinas, restaurants, and downtown entertainment.; Eight large 2BR/1.5BA units averaging approximately 1,001 SF.
