Renovated Duplex Income
928 Fra Mar Place Fort Pierce, FL 34982
928 Fra Mar Place, Fort Pierce, FL, 34982
$415,900
For Sale
$415,900
MULTI_FAMILY - Fort Pierce, FL
Property Size1,440 SF
Lot Size0.34 Acres
Price / SF$288.82
Days on Market97
Property Features for 928 Fra Mar Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-11 - Co
- Bedrooms
- 5
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4
- Patio and Porch features
- Porch
- Pets allowed
- Yes, No
- Standard status
- Active
- APN
- 242770200750008
- Size
- 1,440 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WAGNER S/D BLK 2 LOTS 33 AND 34
- Tax Annual Amount
- 5563
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, CBS
- Roof type
- Metal
Listing Agency
Paradise Homes Realty of the Treasure Coast
(772) 233-3531
3533 SW Corporate Pkwy, Palm City, FL
Listed by
Covasky Brutus · License #3458280
(772) 621-0762
Added: Apr 13 Checked: Jul 18 at 12:06 am
MLS# B26014879
Listing URL
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex at 928 Fra Mar Place includes two separate units under one roof. The exterior has been freshly painted and the property features a durable metal roof. Unit 1 is a renovated 3-bedroom, 1-bath home with new kitchen cabinets and countertops, updated light fixtures, brand-new appliances (including a refrigerator and stove), and tile flooring throughout. Unit 2 offers a 2-bedroom, 1-bath layout and is currently rented.
Located in Fort Pierce, Florida within RM-11 - Co zoning, the property sits on a 0.34-acre lot and totals 1,440 square feet. As a duplex, it’s designed for two households while keeping day-to-day operations straightforward for an owner or investor.
The configuration provides practical flexibility for buyers looking to live in one unit while renting the other, or for those seeking a residential income setup with Unit 2 already occupied. Unit 1’s renovation scope and appliance and fixture upgrades may reduce near-term turnover costs, while the combination of unit separation and ongoing rental status supports a hands-on owner-operator or managed rental strategy.
Located in Fort Pierce, Florida within RM-11 - Co zoning, the property sits on a 0.34-acre lot and totals 1,440 square feet. As a duplex, it’s designed for two households while keeping day-to-day operations straightforward for an owner or investor.
The configuration provides practical flexibility for buyers looking to live in one unit while renting the other, or for those seeking a residential income setup with Unit 2 already occupied. Unit 1’s renovation scope and appliance and fixture upgrades may reduce near-term turnover costs, while the combination of unit separation and ongoing rental status supports a hands-on owner-operator or managed rental strategy.
Key Highlights
- Duplex built in 1963 with block/CBS construction and tile flooring
- Metal roof and electric heating/cooling
- Unit 1: renovated 3‑bedroom, 1‑bath with new kitchen cabinets and countertops, updated light fixtures, and new appliances
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 | $32.0k | $22.20 |
| − Vacancy | −$1.8k | −$1.22 |
| EGI | $30.2k | $20.98 |
| − OpEx | −$9.1k | −$6.29 |
| NOI | $21.1k | $14.69 |
1,440 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$302.1K
$264.3K – $352.5K
NOI $21,147 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$280.5K
$245.4K – $327.2K
NOI $19,634 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$362.1K
$316.9K – $422.5K
NOI $25,350 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with updated interiors, a durable metal roof, and two separate units for flexible living or rental.
Where is this duplex located?
The property is located at 928 Fra Mar Place Fort Pierce, FL.
What is the asking price?
The asking price for this property is $415,900.
What are key features of this property?
This property features: Duplex built in 1963 with block/CBS construction and tile flooring; Metal roof and electric heating/cooling; Unit 1: renovated 3‑bedroom, 1‑bath with new kitchen cabinets and countertops, updated light fixtures, and new appliances
