Multifamily Rental
New
For Sale
$4,500,000
6602 MIRAMAR Avenue, Fort Pierce, FL 34951
Residential Income, Fort Pierce, FL
Property Size24,698 SF
Lot Size3.00 Acres
Price / SF$182.20
Days on Market5
Property Features for 6602 MIRAMAR Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-5 - multi
Bedrooms
5
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 3
Pets allowed
Call, Yes
Subdivision
LAKEWOOD PARK UNIT 12A
Standard status
Active
APN
130161501530002
Size
24,698 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKEWOOD PARK-UNIT 12-A- BLK 174 LOT 16 (MAP 13/13N)
Tax Annual Amount
55196
Legal Description
LAKEWOOD PARK-UNIT 12-A- BLK 174 LOT 16 (MAP 13/13N)
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
3
Flooring type
Tile - Ceramic
Building materials
Concrete Block - With Stucco
Roof type
Shingle
Listing Agency:
Coldwell Banker Paradise · Coldwell Banker Real Estate
(772) 461-3250
Listed By:
Hoyt C Murphy Jr. · License #186988
(772) 971-7424
Added: Oct 12
Last Checked: Oct 16 at 11:06AM
MLS# B26087350
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.
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Investment Insights
Based on property information with market context.
This 27-unit rental portfolio comprises seven duplexes, four triplexes, and one single-family home. The units provide approximately 24,698 square feet of living area across 3 acres. Unit mix includes 15 two-bedroom, one-bath units; 10 three-bedroom, two-bath units; one four-bedroom, two-bath unit; and one efficiency. Most buildings use concrete block construction, while three triplexes are frame-built. Central air conditioning, stoves, refrigerators, and washing machine hookups are provided throughout; three-bedroom units also have utility rooms with washer and dryer hookups.
Twenty-four units are in two areas identified as Lakewood Park and St. Lucie Boulevard. The property is zoned RM-5 - multi and was built in 1974. Most units have city water, with one exception at 5105 Eastwood; the listed sewer system is septic.
Twenty-four units are in two areas identified as Lakewood Park and St. Lucie Boulevard. The property is zoned RM-5 - multi and was built in 1974. Most units have city water, with one exception at 5105 Eastwood; the listed sewer system is septic.
Key Highlights
- 27 rental units across seven duplexes, four triplexes, and one single‑family home
- Approximately 24,698 square feet of living area on 3 acres
- Unit mix: 1 efficiency, 15 two‑bedroom/one‑bath, 10 three‑bedroom/two‑bath, and 1 four‑bedroom/two‑bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$362,698
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,253,960
$7.3M
Cap Rate 7%
$5,181,400
$5.2M
Cap Rate 9%
$4,029,978
$4.0M
Market Conditions
NOI Build-Up for 24,698 SF
Gross rent
$548.3K $22.20/SF
− Vacancy
−$30.2K −$1.22/SF
EGI
$518.1K $20.98/SF
− OpEx
−$155.4K −$6.29/SF
NOI
$362.7K $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%
$7,253,960
Cap Rate 7%
$5,181,400
Cap Rate 9%
$4,029,978
Alternative Uses
Best Use
Multifamily LT 5
$5.18M
$4.53M – $6.04M
NOI $362,698 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$4.81M
$4.21M – $5.61M
NOI $336,746 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$6.21M
$5.43M – $7.25M
NOI $434,784 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
27
Residential units
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 34951, FL
15,357
Population
8,305
Households
1.8
Avg Household Size
56
Median Age
21%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
632
Density / Sq Mi
$63,214
Median Household Income
$35,597
Median Earnings
$1,186
Median Rent
$229,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 27-unit property includes a mix of duplexes, triplexes, and a single-family home.
Where is this multifamily property located?
The property is located at 6602 MIRAMAR Avenue Fort Pierce, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 27 rental units across seven duplexes, four triplexes, and one single‑family home; Approximately 24,698 square feet of living area on 3 acres; Unit mix: 1 efficiency, 15 two‑bedroom/one‑bath, 10 three‑bedroom/two‑bath, and 1 four‑bedroom/two‑bath
