Duplex Residential Income
For Sale
$339,999
808 N Lake Drive, Fort Pierce, FL 34982
For sale duplex residential income property with 1,620 square feet of total space.
Property Size1,620 SF
Price / SF$209.88
Days on Market101
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
Listed By:
Cliff Glansen · License #707077
(954) 965-3990
Source:
Lehmannflorida
Added: Jul 20
Changed: Oct 27
Last Checked: Oct 26 at 4:08PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,790
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,800
$475.8K
Cap Rate 7%
$339,857
$339.9K
Cap Rate 9%
$264,333
$264.3K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$36.0K $22.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$34.0K $20.98/SF
− OpEx
−$10.2K −$6.29/SF
NOI
$23.8K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,800
Cap Rate 7%
$339,857
Cap Rate 9%
$264,333
Alternative Uses
Best Use
Multifamily LT 5
$339.9K
$297.4K – $396.5K
NOI $23,790 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$315.5K
$276.1K – $368.1K
NOI $22,088 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$407.4K
$356.5K – $475.3K
NOI $28,518 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
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Business Placement
Demographics for 34982, FL
27,067
Population
12,356
Households
2.2
Avg Household Size
43
Median Age
15%
College-Educated
84%
High-School Grad
15.5 sq mi
ZIP Area
1,746
Density / Sq Mi
$54,025
Median Household Income
$33,661
Median Earnings
$1,254
Median Rent
$228,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 $339,999.
What are key features of this property?
This property features: Duplex residential income property built in 1972; 1,620 total square feet
