Four-Unit Multifamily Property in
662 Granada Street, Fort Pierce, FL 34949
For Sale
Contact for pricing
Four-unit multifamily property in Fort Pierce, Florida, totaling 4,512 SF.
Property Size4,612 SF
Lot Size0.36 Acres
Price / SF$444.28
Days on Market241
Property Features for 662 Granada Street
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Units
Listing Agency:
LPT Realty
Listed By:
John DiGirolomo · License FL SL3458838
(772) 713-4204
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 6:37AM
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
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Investment Insights
Based on property information with market context.
The property at 662 Granada Street is a four-unit multifamily property located in Fort Pierce, Florida. Constructed in 1970, the asset consists of two concrete duplex buildings totaling approximately 4,512 square feet of living area situated on a ±0.36-acre parcel. The property is comprised of four three-bedroom, one-bathroom units, with each unit averaging approximately 1,128 square feet. The large three-bedroom floorplans provide a desirable unit mix. The layout of the property, with two separate duplex structures, creates flexibility for investors seeking multiple operational strategies or potential ownership structures. The property consists of two single-story duplex buildings, each containing two residential units. The buildings feature concrete block construction with stucco exterior, durable roofing systems, and tile flooring. The site totals approximately 15,663 square feet (0.36 acres) and provides ample spacing between buildings along with surface parking for residents. The property’s configuration offers the potential to operate the buildings independently, which may allow for different operational strategies or future asset division depending on investor objectives.
Key Highlights
- Four large three‑bedroom, one‑bathroom units averaging 1,128 square feet, appealing to families and workforce tenants.
- Well‑located in Fort Pierce, Florida, supporting strong rental demand.
- Two separate duplex buildings offer flexible operational strategies and potential ownership structures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,399
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,980
$1.2M
Cap Rate 7%
$834,271
$834.3K
Cap Rate 9%
$648,878
$648.9K
Market Conditions
NOI Build-Up for 4,612 SF
Gross rent
$91.3K $19.80/SF
− Vacancy
−$7.9K −$1.71/SF
EGI
$83.4K $18.09/SF
− OpEx
−$25.0K −$5.43/SF
NOI
$58.4K $12.66/SF
Area
St. Lucie County, FL
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,980
Cap Rate 7%
$834,271
Cap Rate 9%
$648,878
Alternative Uses
Best Use
Multifamily LT 5
$834.3K
$730.0K – $973.3K
NOI $58,399 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$743.1K
$650.2K – $867.0K
NOI $52,018 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,190 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
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Business Placement
Demographics for 34949, FL
8,027
Population
8,033
Households
1
Avg Household Size
65
Median Age
47%
College-Educated
96%
High-School Grad
9.4 sq mi
ZIP Area
854
Density / Sq Mi
$92,188
Median Household Income
$37,219
Median Earnings
$1,484
Median Rent
$427,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in St. Lucie County, FL
Properties on Market for Quadplexes in St. Lucie County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property in Fort Pierce, Florida, totaling 4,512 SF.
Where is this quadplex located?
The property is located at 662 Granada Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $2,049,000.
What are key features of this property?
This property features: Four large three‑bedroom, one‑bathroom units averaging 1,128 square feet, appealing to families and workforce tenants.; Well‑located in Fort Pierce, Florida, supporting strong rental demand.; Two separate duplex buildings offer flexible operational strategies and potential ownership structures.
