805 S Lake Drive Fort Pierce, FL 34982
MULTI_FAMILY - Fort Pierce, FL
Property Features for 805 S Lake Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- r-4
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2
- Pets allowed
- Yes, Dogs OK, Breed Restrictions
- Standard status
- Active
- APN
- 242770101050005
- Size
- 1,782 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SILVER LAKE PARK S/D BLK 5 E 39.88 FT OF LOT 9 AND LOT 10-LESS E 16.5 FT-
- Tax Annual Amount
- 5835
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Concrete Block - With Stucco
- Roof type
- Metal
Listing agent Hoyt C Murphy Jr. License #186988 (772) 971-7424
Listing office Coldwell Banker Paradise 411 US-1, Fort Pierce, FL (772) 461-3250
Listing date Jul 3, 2026
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.
Investment Insights
Based on property information with market context.
Zoned R-4, the duplex is located in a predominantly single-family residential setting. Both units are currently leased on a month-to-month basis, generating $3,147 per month in gross income.
The building and systems are complemented by the recent improvements noted above, with the unit-level remodeling and impact windows helping modernize the tenant-facing areas of Unit B.
Key Highlights
- Concrete block duplex built in 1973, with 2 bedrooms and 1 bath on each side
- Unit B remodeled with impact windows installed about 1 1/2 years ago
- City water service; newer drainfield reported about 3 years old
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $22.20 |
| − Vacancy | −$2.2k | −$1.22 |
| EGI | $37.4k | $20.98 |
| − OpEx | −$11.2k | −$6.29 |
| NOI | $26.2k | $14.69 |
