909 Avenue B, Fort Pierce, FL 34950
MULTI_FAMILY - Fort Pierce, FL
- Added:
- Jun 30, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 7 at 2:06 am
Property Features for 909 Avenue B
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-6
- Security features
- Security
- Standard status
- Pending
- APN
- 241060401390002
- Size
- 3,120 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Hogg Benj Add Lot:3 Blk:I Lot SqFt:15000 Frontage: Depth:
- Tax Annual Amount
- 3607
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 1
- Number of units
- 5
- Flooring type
- Vinyl
- Building materials
- Frame
- Roof type
- Composition
Listing agent Ethan McAuliffe PA License #3348418 (772) 359-0300
Listing office EXP Realty LLC 10752 Deerwood Park Blvd #100, Tampa, FL (888) 883-8509
Listing date Jun 30, 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.
HighLights
- 5 side‑by‑side cottages near downtown Fort Pierce
- Rented through this year and next by a charitable organization ($5,000 this year; $5,200 next year)
- Fully renovated with newer roofs and impact windows; updated kitchen, bathrooms, and flooring
- Unit mix: four 1‑bedroom cottages and one 2‑bedroom cottage
- Utilities: public water and public sewer
- Year built 1937; central heating and central air; roof is composition
Overview
Located at 909 Avenue B in Fort Pierce, Florida, the property is situated on a 0.34-acre lot. The listing is under RM-6 zoning. The cottages are currently rented through this year and next by a charitable organization, with stated rents of $5,000 this year and $5,200 next year.
For tenants, buyers, or operators, the unit mix supports flexible leasing across one-bedroom and two-bedroom demand. The recent exterior and interior improvements, including impact windows and roof replacements, are relevant for an operator looking to reduce near-term capital concerns associated with older residential stock. Prospective buyers should review the existing rental arrangement and confirm any future operating requirements tied to the property’s RM-6 zoning and current tenancy schedule.
Local Financial Insights For Apartment 5plus
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 | $81.2k | $26.04 |
| − Vacancy | −$3.9k | −$1.25 |
| EGI | $77.3k | $24.79 |
| − OpEx | −$34.8k | −$11.16 |
| NOI | $42.5k | $13.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.332248
- Latitude
- 27.448347
