Waterfront Duplex Plus Key West
For Sale
$900,000
4158+4160 NE Indian River Dr, Jensen Beach, FL 34957
Waterfront duplex and cottage, renovated, potential for resort/commercial development.
Property Size1,772 SF
Lot Size0.71 Acres
Days on Market322
Property Features for 4158+4160 NE Indian River Dr
General Information
Standard status
Active
Size
1,772 SF
Lot size
0.71 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,460
Building Details
Building Size
1,772 SF
Year Built
1956
Units
3
Listed By:
Janice Wacha · License #193613
(772) 475-5079
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 13
Last Checked: Oct 16 at 9:26AM
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 Janice Wacha
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a waterfront duplex and a Key West cottage, consisting of two separate buildings. The duplex units are arranged front to back. The duplex has been fully renovated, including a metal roof, impact windows, central air-conditioning, and new appliances. In addition to its current use, the properties have the potential for development as a small resort or commercial property.
Key Highlights
- Waterfront property with duplex and Key West cottage
- Fully renovated duplex with metal roof and impact windows
- Development potential as a small resort or commercial property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,022
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,440
$520.4K
Cap Rate 7%
$371,743
$371.7K
Cap Rate 9%
$289,133
$289.1K
Market Conditions
NOI Build-Up for 1,772 SF
Gross rent
$39.3K $22.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$37.2K $20.98/SF
− OpEx
−$11.2K −$6.29/SF
NOI
$26.0K $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%
$520,440
Cap Rate 7%
$371,743
Cap Rate 9%
$289,133
Alternative Uses
Best Use
Multifamily LT 5
$371.7K
$325.3K – $433.7K
NOI $26,022 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$309.0K
$270.4K – $360.5K
NOI $21,628 @ 7.0% cap · market cap 2.40%
Theoretical Best
Retail
$465.5K
$407.3K – $543.1K
NOI $32,587 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 34957, FL
22,955
Population
17,269
Households
1.3
Avg Household Size
59
Median Age
39%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
1,400
Density / Sq Mi
$65,658
Median Household Income
$41,973
Median Earnings
$1,518
Median Rent
$378,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Waterfront duplex and cottage, renovated, potential for resort/commercial development.
Where is this duplex located?
The property is located at 4158+4160 NE Indian River Dr Jensen Beach, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Waterfront property with duplex and Key West cottage; Fully renovated duplex with metal roof and impact windows; Development potential as a small resort or commercial property
