$2,100,000
Fort Pierce, FL
MLS# B26056972
4400 sqft
1 / 24
Property Description
Excellent investment opportunity on South Hutchinson Island! This well-located five-plex at 1240 Carlton Court features five one-bedroom, one-bath residences with approximately 4,400 square feet of total living area and storage space on a spacious 0.34-acre lot. Built in 1981, the property offers strong income-producing potential in one of Fort Pierce's most desirable rental areas. Residents enjoy convenient access to beautiful beaches, the Indian River Lagoon, restaurants, shopping, marinas and nearby downtown Fort Pierce. An outstanding opportunity for investors seeking multiple rental units, long-term appreciation and an island location with year-round tenant appeal. Buyer to verify all measurements, unit details and financial information.
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2026-07-24
Status: Active
Original List Price: 2100000
List Price: $2,100,000
Current Price: $2,100,000
Listing Service: Full Service
Location and Legal
County Or Parish: St. Lucie
Municipality Type: Incorporated
Postal Code: 34949
Geographic Area: SL09
Flood Zone: AE
Building Name: 1240
Property Description: MULTI UNIT
Country: United States
Street Number: 1240
Street Name: CARLTON
Street Suffix: Court
State Or Province: FL
Postal Code +4: 3061
Area: 7010
Parcel Number: 240160100261001
Zoning: HI Medium
Directions: Seaway Drive east to Carlton Ct. turn right property is on your left
General Property Information
Number Of Buildings: 1
Number Of Units Total: 5
Leasable Area: 4400
Price Per Unit: 420000
Occupant Type: Tenant
Adjusted Area Main: 880
Accessibility Features YN: Yes
Lot Size Area: 14810
Stories Total: 1
Stories: 1
Property Sub Type: Multi Family
Building Area Main: 4400
Building Area Source: Appraiser
Year Built: 1981
Parking Total: 8
Lot Size Acres: 0.34
Currently Not Used
Ownership Type: Limited Partnership
Financial Information
Tax Assessed/SOH Value: 638493
Assessor Market Value: 805000
Tax Annual Amount: 16729
Tax Year: 2025
Tax Legal Description: REVISED PLAT OF BLKS 17, 21 AND 22 FT PIERCE BEACH S/D BLK 21 LOTS 18 AND 19
Office/Member Information
DXORIGMLSID: RML
Electric
Separate Meters: 1
Flooring
Laminate: 1
Tile: 1
Foundation Details
Slab: 1
Parking Features
Assigned: 1
Guest: 1
Property Condition
Resale: 1
Updated/Remodeled: 1
Special Listing Conditions
Standard: 1
Documents Available
Investment Analysis: 1
Photos: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Meters Total: 5
Number Of Separate Electric Meters: 5
Number Of Separate Water Meters: 5
Tenant Pays
Cable TV: 1
Maintenance: 1
Sewer: 1
Trash Collection: 1
Water: 1
Location of Property
Beach Access: 1
City Location: 1
In Residential Area: 1
Near Airport: 1
Near Business Park: 1
Near Industrial Park: 1
Near School: 1
Near Seaport: 1
Subdivision: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Information
Flood Zone: 1
Sold As-Is: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Zoning Information
Use Conforms To Zoning: 1
Building and Property Details
# Of Tenants: 5
Building Features
Exterior Lighting: 1
Storage: 1
Business Type
Rental: 1
Distance To Information
Miles to Expressway: 7
Heating
Central Individual: 1
Sale Includes
Building: 1
Fixtures: 1
Land: 1
Construction Materials
Concrete Block - With Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Landscaped: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Asphalt: 1
Roof
Concrete: 1
Security Features
None: 1
Water Source
Public: 1
Description of Unit Type 1
Unit Type: 2 Bedroom
Beds Total: 2
Full Baths: 1
Furnished: No
Description of Unit Type 2
Unit Type: 2 Bedroom
Beds Total: 2
Full Baths: 1
Furnished: No
Cooling
Ceiling Fan(s): 1
Central Individual: 1
Description of Unit Type 3
Unit Type: 2 Bedroom
Beds Total: 2
Full Baths: 1
Furnished: No
Ceiling Fan Details
Number Of Ceiling Fans: 3
Description of Unit Type 4
Unit Type: 2 Bedroom
Beds Total: 2
Full Baths: 1
Furnished: No
Description of Unit Type 5
Unit Type: 2 Bedroom
Beds Total: 2
Full Baths: 1
Furnished: No
Showing Requirements
Call Listing Agent: 1
Schedule Online: 1
Sign On Property: 1
Text Listing Agent: 1
Traffic Type
Light: 1
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-27T15:24:33Z
Major Change Type: New Listing
Status Change Date: 2026-07-27
Originating Details
Originating System Key: 20260707174231379369000000
Originating System ID: M00000170
Property Features
Building Features: Exterior Lighting; Storage
Business Type: Rental
Documents Available: Investment Analysis
Electric: Separate Meters
Flooring: Laminate; Tile
Foundation Details: Slab
Heating: Central Individual
Location of Property: Beach Access; City Location; In Residential Area; Near Airport; Near Business Park; Near Industrial Park; Near School; Near Seaport; Subdivision
Parking Features: Assigned; Guest
Possession: Close Of Escrow
Property Condition: Resale; Updated/Remodeled
Sale Includes: Building; Fixtures; Land
Special Listing Conditions: Standard
Zoning Information: Use Conforms To Zoning
Tenant Pays: Cable TV; Maintenance; Sewer; Trash Collection; Water
Construction Materials: Concrete Block - With Stucco
Cooling: Ceiling Fan(s); Central Individual
Listing Terms: Cash; Conventional
Lot Features: Landscaped
Road Frontage Type: City Street
Traffic Type: Light
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt
Roof: Concrete
Security Features: None
Sewer: Public Sewer
Special Information: Flood Zone; Sold As-Is
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: Call Listing Agent; Schedule Online; Sign On Property; Text Listing Agent
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
Listing Office: Southern Castles
Last Updated: July - 30 - 2026
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