Concrete Block Duplex
805 S Lake Drive Fort Pierce, FL 34982
805 S Lake Drive, Fort Pierce, FL, 34982
$335,000
For Sale
$335,000
MULTI_FAMILY - Fort Pierce, FL
Property Size1,782 SF
Lot Size0.25 Acres
Price / SF$187.99
Days on Market16
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 Agency
Coldwell Banker Paradise
(772) 461-3250
411 US-1, Fort Pierce, FL
Listed by
Hoyt C Murphy Jr. · License #186988
(772) 971-7424
Added: Jul 3 Checked: Jul 18 at 12:06 am
MLS# B26049478
Listing URL
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.
This concrete block duplex offers two separate 2-bedroom, 1-bath residences. Each side functions independently, providing a straightforward layout for owner occupancy or rental use. Unit B interior has been remodeled, including impact windows installed about 1 1/2 years ago. The property is serviced by city water and includes a newer drainfield installed approximately 3 years ago. The metal roof dates to 2001.
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.
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 |
1,782 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.8K
$327.1K – $436.2K
NOI $26,169 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$347.1K
$303.7K – $405.0K
NOI $24,297 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$448.1K
$392.1K – $522.8K
NOI $31,370 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Concrete block duplex with two 2-bedroom, 1-bath units and city water, plus recent updates to Unit B.
Where is this duplex located?
The property is located at 805 S Lake Drive Fort Pierce, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 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
