642 & 646 Eldorado Street, Fort Pierce, FL 34949 — MLS photo

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642 & 646 Eldorado Street, Fort Pierce, FL 34949

Active · MultiFamily

$2,170,000

642 & 646 Eldorado Street, Fort Pierce, FL 34949

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1984
Lot size
—
HOA fee
—
Annual tax
$43,594

About this property

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.

Property location

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642 & 646 Eldorado Street, Fort Pierce, FL 34949

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Facts & features

Interior

Bathrooms
0
Flooring
Tile
Cooling
Central Air
Heating
Central

Exterior & Structure

Property type
MultiFamily
Year built
1984
Stories
2
Roof
Composition, Shingle
Construction
Frame, Stucco

Parking

Covered spaces
0

HOA, Community & Financials

Annual tax
$43,594
County
St Lucie
Days on market
163
MLS listing ID
B26027271
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$4,444

Cap rate
3.2%
Net yield
3.2%
Cash-on-cash return
-8.8%
Gross yield
6.6%
Mortgage payment
$10,287/mo
Down payment
$542,500
Loan amount
$1,627,500
Annual NOI
$70,114

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.