$2,300,000
Fort Pierce, FL
MLS# B26027271
8008 sqft
1 / 27
Property Description
Rare opportunity to acquire two adjacent fourplex buildings totaling 8 large 2BR/1.5BA units in one of Fort Pierce's fastest-growing coastal submarkets. Located near the Intracoastal, beaches, Jetty Park, marinas, restaurants, and downtown entertainment, this fully occupied multifamily portfolio offers immediate cash flow with approximately $157,800 in current gross annual income. Units average approximately 1,001 SF and feature separate electric meters, impact windows, and recent renovations. Frame and stucco construction with strong rental history and future upside through lease optimization. Positioned near major redevelopment projects including the planned surf park and continued Port of Fort Pierce expansion.
Details
Maps
Contract Information
Comp Sale YN: No
Seller Represented YN: Yes
Listing Date: 2026-05-11
Status: Active
Original List Price: 2400000
List Price: $2,300,000
Current Price: $2,300,000
Listing Service: Full Service
Location and Legal
County Or Parish: St. Lucie
Postal Code: 34949
Geographic Area: SL09
Country: United States
Street Number: 642 & 646
Street Name: Eldorado
Street Suffix: Street
State Or Province: FL
Area: 7010
Parcel Number: 240150300620003
Zoning: HI Medium
General Property Information
Number Of Buildings: 2
Number Of Units Total: 8
Price Per Unit: 300000
Occupant Type: Tenant
Accessibility Features YN: No
Lot Size Area: 10454.4
Stories Total: 2
Property Sub Type: Multi Family
Building Area Main: 8008
Building Area Source: Public Records
Year Built: 1984
Parking Total: 16
Lot Size Acres: 0.24
Currently Not Used
Ownership Type: Partnership
Office/Member Information
DXORIGMLSID: RML
Electric
Separate Meters: 1
Flooring
Tile: 1
Foundation Details
Concrete Perimeter: 1
Special Listing Conditions
Standard: 1
Documents Available
Rent Rolls: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Meters Total: 16
Number Of Separate Electric Meters: 8
Number Of Separate Water Meters: 8
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Heating
Central: 1
Construction Materials
Frame: 1
Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Shingle: 1
Security Features
None: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 55230
Gross Income: 157800
Net Operating Income: 102570
Description of Unit Type 1
Unit Type: 2 Bedroom
Units Total: 8
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Annual Rent: 1850
Description of Unit Type 2
Unit Type: 2 Bedroom
Units Total: 8
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Annual Rent: 1400
Cooling
Central Air: 1
Description of Unit Type 3
Unit Type: 2 Bedroom
Units Total: 8
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Annual Rent: 2000
Description of Unit Type 4
Unit Type: 2 Bedroom
Units Total: 8
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Annual Rent: 1500
Description of Unit Type 5
Unit Type: 2 Bedroom
Units Total: 8
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Annual Rent: 1500
Description of Unit Type 6
Unit Type: 2 Bedroom
Units Total: 8
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Annual Rent: 1500
Description of Unit Type 7
Unit Type: 2 Bedroom
Units Total: 1
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Annual Rent: 1700
Showing Requirements
Call Listing Agent: 1
Text Listing Agent: 1
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Financial Information
Tax Annual Amount: 43594.96
Tax Year: 2025
Tax Legal Description: OCEAN VIEW S/D REVISED PLAT HOLLEY AND MORGAN'S S/D BLK 6 N 38.96 FT OF LOT 10 AND S 40.92 FT OF LOT 11
Status Change Information
Major Change Timestamp: 2026-07-17T15:40:51Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-17T15:40:51Z
Status Change Date: 2026-05-12
Unit Details
Number Of Units Leased: 8
Originating Details
Originating System Key: 20260512034227429194000000
Originating System ID: M00000170
Property Features
Documents Available: Rent Rolls
Electric: Separate Meters
Flooring: Tile
Foundation Details: Concrete Perimeter
Heating: Central
Possession: Close Of Escrow
Special Listing Conditions: Standard
Construction Materials: Frame; Stucco
Cooling: Central Air
Listing Terms: Cash; Conventional
Roof: Shingle
Security Features: None
Sewer: Public Sewer
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: Call Listing Agent; Text Listing Agent
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office: LPT Realty, LLC
Last Updated: July - 21 - 2026
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