Duplex Income
For Sale
$289,500
Pending
96 SE Norfolk Boulevard, Stuart, FL 34997
Duplex income property offered for sale at 96 SE Norfolk Blvd in Stuart, Florida.
Property Size1,131 SF
Days on Market107
Property Features for 96 SE Norfolk Boulevard
General Information
Standard status
Pending
Size
1,131 SF
Property subtype
Duplex
Building Details
Year Built
1980
Listing Agency:
The Keyes Company
(954) 475-9813
Listed By:
Kelvin Ching · License #3298166
(954) 249-8129
Source:
Lehmannflorida
Added: Jul 13
Changed: Oct 26
Last Checked: Oct 26 at 2:23PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,609
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,180
$332.2K
Cap Rate 7%
$237,271
$237.3K
Cap Rate 9%
$184,544
$184.5K
Market Conditions
NOI Build-Up for 1,131 SF
Gross rent
$25.1K $22.20/SF
− Vacancy
−$1.4K −$1.22/SF
EGI
$23.7K $20.98/SF
− OpEx
−$7.1K −$6.29/SF
NOI
$16.6K $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%
$332,180
Cap Rate 7%
$237,271
Cap Rate 9%
$184,544
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 authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
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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
Frequently Asked Questions
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 Boulevard 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
