Duplex Residential Income
808 N Lake Drive Fort Pierce, FL 34982
808 N Lake Drive, Fort Pierce, FL, 34982
$350,000
For Sale
$350,000
For sale duplex residential income property with 1,620 square feet of total space.
Property Size1,620 SF
Price / SF$216.05
Days on Market16
Property Features for 808 N Lake Drive
General Information
- Standard status
- Active
- Size
- 1,620 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1972
Listing agency
FlatFee.com
(954) 965-3990
Listed by
Cliff Glansen · License #88060
(954) 965-3990
Source
Riserealty
Added: Jul 7 Updated: Jul 22 at 12:16AM Checked: Jul 22 at 12:16AM
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 FlatFee.com
Investment Insights
Based on property information with market context.
This for-sale duplex offers residential income potential with a total of 1,620 square feet of combined living space. The property is categorized as a duplex and residential income asset.
The duplex is located at 808 N Lake Drive in Fort Pierce, FL 34982. The listing is presented as a sale opportunity.
Additional details on unit layout, condition, and parking are not provided in the available information, so interested parties should confirm specifics directly with the listing broker.
The duplex is located at 808 N Lake Drive in Fort Pierce, FL 34982. The listing is presented as a sale opportunity.
Additional details on unit layout, condition, and parking are not provided in the available information, so interested parties should confirm specifics directly with the listing broker.
Key Highlights
- Duplex residential income property built in 1972
- 1,620 total square feet
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 | $36.0k | $22.20 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $34.0k | $20.98 |
| − OpEx | −$10.2k | −$6.29 |
| NOI | $23.8k | $14.69 |
1,620 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$339.9K
$297.4K – $396.5K
NOI $23,790 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$315.5K
$276.1K – $368.1K
NOI $22,088 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$407.4K
$356.5K – $475.3K
NOI $28,518 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale duplex residential income property with 1,620 square feet of total space.
Where is this duplex located?
The property is located at 808 N Lake Drive Fort Pierce, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex residential income property built in 1972; 1,620 total square feet
