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Fort Pierce Multifamily Investment Opportunity

642 & 646 Eldorado Street Fort Pierce, FL

For Sale

$2,400,000

MULTI_FAMILY - Fort Pierce, FL

Property size:

8,008 SF

Lot size:

0.24 Acres

Price / SF:

$299.70/SF

For Sale

$2,400,000

MULTI_FAMILY - Fort Pierce, FL

Property size:

8,008 SF

Lot size:

0.24 Acres

Price / SF:

$299.70/SF

Added:: May 11, 2026
Days on Market:: 65
Last Refresh:: Jul 14 at 1:06 am

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

Listing office LPT Realty, LLC 1400 S International Parkw Suite 1020, Lake Mary, FL

Listing date May 11, 2026

MLS# B26027271 Listing URL

Investment Insights

Based on property information with market context.

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.

Key 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.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

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For sale
Apartment buildings
FL
Fort Pierce
642 & 646 Eldorado Street

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.

642 & 646 Eldorado Street Fort Pierce, FL

MULTI_FAMILY - Fort Pierce, FL

Property Features for 642 & 646 Eldorado Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Freestanding Office/Medical Building

Freestanding Office Building with Private Offices

Light Industrial Facility with Shop Area

Fort Pierce Multifamily Investment Opportunity

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Medical Office & Residential Buildings

Fort Pierce Quadplex For Sale

Fort Pierce Quadruplex Investment Opportunity

Day Care Facility with Expansion Lot

Renovated Duplex Near South Beach

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