Duplex Income
96 SE Norfolk Blvd Stuart, FL 34997
96 SE Norfolk Blvd, Stuart, FL, 34997
$289,500
For Sale
$289,500
Duplex income property offered for sale at 96 SE Norfolk Blvd in Stuart, Florida.
Property Size1,131 SF
Price / SF$255.97
Days on Market11
Property Features for 96 SE Norfolk Blvd
General Information
- Standard status
- Active
- Size
- 1,131 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1980
Listing agency
The Keyes Company
(954) 249-8129
Listed by
Kelvin Ching · License #A11982609
(954) 249-8129
Source
Riserealty
Added: Jul 13 Updated: Jul 23 at 4:58AM Checked: Jul 23 at 4:58AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This duplex income property is being offered for sale at 96 SE Norfolk Blvd in Stuart, Florida. The asset is configured as a two-unit residential income building under the duplex property type, providing an income-producing structure suitable for buyers evaluating residential rental options.
The property is located in Stuart, Florida, with the full street address provided for direct targeting when scheduling showings or due diligence. For additional details on the unit configuration, condition, and any existing leases or operating history, coordinate with the listing broker for information availability.
The property is located in Stuart, Florida, with the full street address provided for direct targeting when scheduling showings or due diligence. For additional details on the unit configuration, condition, and any existing leases or operating history, coordinate with the listing broker for information availability.
Key Highlights
- Duplex income property for sale at 96 SE Norfolk Blvd, Stuart, Florida
- Built in 1980
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 | $25.1k | $22.20 |
| − Vacancy | −$1.4k | −$1.22 |
| EGI | $23.7k | $20.98 |
| − OpEx | −$7.1k | −$6.29 |
| NOI | $16.6k | $14.69 |
1,131 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.3K
$207.6K – $276.8K
NOI $16,609 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$197.2K
$172.6K – $230.1K
NOI $13,804 @ 7.0% cap · market cap 4.77%
Theoretical Best
Retail
$297.1K
$260.0K – $346.7K
NOI $20,799 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex income property offered for sale at 96 SE Norfolk Blvd in Stuart, Florida.
Where is this duplex located?
The property is located at 96 SE Norfolk Blvd Stuart, FL.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: Duplex income property for sale at 96 SE Norfolk Blvd, Stuart, Florida; Built in 1980
