11-Room Multifamily
For Sale
$425,000
916 Avenue H, Fort Pierce, FL 34950
Rooming-house configuration with on-site parking and a 2024 roof.
Property Size1,550 SF
Price / SF$274.19
Days on Market44
Property Features for 916 Avenue H
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,523
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Source:
Exprealty
Added: Sep 19
Changed: Oct 31
Last Checked: Nov 1 at 7:28AM
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 EXP Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1930 multifamily property is configured as a rooming house with 11 rooms and on-site parking. The roof was replaced in 2024, adding a recent major improvement to the existing property.
The property is near US 1 and downtown Fort Pierce, providing access to both the highway corridor and the downtown area. Zoning is identified as Medium Den.
The property is near US 1 and downtown Fort Pierce, providing access to both the highway corridor and the downtown area. Zoning is identified as Medium Den.
Key Highlights
- 11‑room rooming house configuration
- Roof updated in 2024
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,134
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,680
$422.7K
Cap Rate 7%
$301,914
$301.9K
Cap Rate 9%
$234,822
$234.8K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$40.4K $26.04/SF
− Vacancy
−$1.9K −$1.25/SF
EGI
$38.4K $24.79/SF
− OpEx
−$17.3K −$11.16/SF
NOI
$21.1K $13.63/SF
Area
St. Lucie County, FL
Vacancy
4.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,680
Cap Rate 7%
$301,914
Cap Rate 9%
$234,822
Alternative Uses
Best Use
Apartment 5plus
$301.9K
$264.2K – $352.2K
NOI $21,134 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.8K
$341.1K – $454.8K
NOI $27,286 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
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Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Rooming-house configuration with on-site parking and a 2024 roof.
Where is this multifamily property located?
The property is located at 916 Avenue H Fort Pierce, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 11‑room rooming house configuration; Roof updated in 2024; On‑site parking
