Separately Deeded
For Sale
$545,900
85 & 95 SE Millwood Terrace, Stuart, FL 34997
Two three-bedroom units offer individually metered utilities and washer/dryer hookups.
Property Size2,262 SF
Days on Market109
Property Features for 85 & 95 SE Millwood Terrace
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,800
Taxes and HOA fees
Annual Taxes
$6,871
Amenities
washer/dryer hookups
Building Details
Building Size
2,262 SF
Year Built
1977
Buildings
1
Tenancy
Multi
Listing Agency:
Landmark Investments & Real Estate
Listed By:
Melvin V. Robinson · License #3023330
(772) 708-1518
Source:
Meyerlucas
Added: Jun 22
Changed: Oct 3
Last Checked: Oct 7 at 5:14PM
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 Landmark Investments & Real Estate
Investment Insights
Based on property information with market context.
This 1977 duplex includes two separately deeded units, each arranged with three bedrooms, one and a half bathrooms, and washer/dryer hookups. Utilities are individually metered for each residence, and both units are occupied under month-to-month leases.
The property is located in Stuart with access to I-95 and proximity to the Cleveland Clinic, shopping, dining, golf courses, parks, and other recreational amenities. Separate deeds provide flexibility in how the units may be held or transferred.
The property is located in Stuart with access to I-95 and proximity to the Cleveland Clinic, shopping, dining, golf courses, parks, and other recreational amenities. Separate deeds provide flexibility in how the units may be held or transferred.
Key Highlights
- Two‑unit duplex built in 1977
- Each unit has 3 bedrooms and 1.5 bathrooms
- Units are separately deeded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,218
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,360
$664.4K
Cap Rate 7%
$474,543
$474.5K
Cap Rate 9%
$369,089
$369.1K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$50.2K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$47.5K $20.98/SF
− OpEx
−$14.2K −$6.29/SF
NOI
$33.2K $14.69/SF
Area
Martin 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%
$664,360
Cap Rate 7%
$474,543
Cap Rate 9%
$369,089
Alternative Uses
Best Use
Multifamily LT 5
$474.5K
$415.2K – $553.6K
NOI $33,218 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$394.4K
$345.1K – $460.2K
NOI $27,609 @ 7.0% cap · market cap 5.06%
Theoretical Best
Retail
$594.3K
$520.0K – $693.3K
NOI $41,598 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
Median Home Value
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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?
Duplex - Two three-bedroom units offer individually metered utilities and washer/dryer hookups.
Where is this duplex located?
The property is located at 85 & 95 SE Millwood Terrace Stuart, FL.
What is the asking price?
The asking price for this property is $545,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1977; Each unit has 3 bedrooms and 1.5 bathrooms; Units are separately deeded
