Furnished Rooming
New
For Sale
$429,000
803 SE TARPON Avenue, Stuart, FL 34994
Seven furnished rooms share two full bathrooms and a kitchen, with utilities and communication services included.
Property Size1,644 SF
Days on Market4
Property Features for 803 SE TARPON Avenue
General Information
Standard status
Active
Size
1,644 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$3,697
Amenities
furnished
Building Details
Building Size
1,644 SF
Year Built
1983
Tenancy
Multi
Listing Agency:
Real Estate of Florida
Listed By:
Martin T. McGuire · License #3216957
(772) 240-4942
Source:
Meyerlucas
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 10:25AM
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 Real Estate of Florida
Investment Insights
Based on property information with market context.
This multifamily property is configured as a rooming house with 7 furnished rooms, 2 full bathrooms, and a kitchen. Wi-Fi, phone service, cable TV, water, and electricity are included. The building contains 1,644 square feet and was built in 1983.
Key Highlights
- 7 furnished rooms
- 2 full bathrooms and a kitchen
- Wi‑Fi, phone service, cable TV, water, and electricity included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,066
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,320
$401.3K
Cap Rate 7%
$286,657
$286.7K
Cap Rate 9%
$222,956
$223.0K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$39.1K $23.76/SF
− Vacancy
−$2.6K −$1.57/SF
EGI
$36.5K $22.19/SF
− OpEx
−$16.4K −$9.99/SF
NOI
$20.1K $12.21/SF
Area
Martin County, FL
Vacancy
6.60%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,320
Cap Rate 7%
$286,657
Cap Rate 9%
$222,956
Alternative Uses
Best Use
Apartment 5plus
$286.7K
$250.8K – $334.4K
NOI $20,066 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$431.9K
$377.9K – $503.9K
NOI $30,233 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 34994, FL
17,843
Population
10,086
Households
1.8
Avg Household Size
51
Median Age
36%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,663
Density / Sq Mi
$62,895
Median Household Income
$33,547
Median Earnings
$1,558
Median Rent
$248,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Seven furnished rooms share two full bathrooms and a kitchen, with utilities and communication services included.
Where is this multifamily property located?
The property is located at 803 SE TARPON Avenue Stuart, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 7 furnished rooms; 2 full bathrooms and a kitchen; Wi‑Fi, phone service, cable TV, water, and electricity included
