561642 Eldorado Street, Fort Pierce, FL 34949
$1,200,000
Property Type:
Residential Income
Square Footage:
4,740
Status:
Active
Current Price:
$1,200,000
List Date:
5/12/2026
Last Modified:
6/02/2026
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.
More Information MLS# B26027258
Contract Information
Comp Sale YN: No
Seller Represented YN: Yes
Listing Date: 2026-05-11
Status: Active
Original List Price: 1200000
List Price: $1,200,000
Current Price: $1,200,000
Listing Service: Full Service
Location and Legal
County Or Parish: St. Lucie
Municipality Type: Unincorporated
Geographic Area: SL09
Special Assessment YN: No
Flood Zone: AE,X
Country: United States
Street Number: 642
Street Name: Eldorado
Street Suffix: Street
State Or Province: FL
Postal Code: 34949
Postal Code +4: 3506
Subdivision Name: OCEAN VIEW SUBDIVISION REPLAT HOLLEY & MORGAN
Area: 7010
Parcel Number: 240150300620003
Zoning: HI Medium
General Property Information
Number Of Units Total: 4
Living Area Main: 4004
Living Area Source: Public Records
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 8
Lot Size Area: 10454.4
Senior Community YN: No
Stories Total: 2
Stories: 2
Pool Private YN: No
LP/Assessed Value: 1.34
Property Sub Type: Quadruplex
Building Area Main: 4740
Building Area Source: Public Records
Year Built: 1984
Lot Size Acres: 0.24
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Assessed/SOH Value: 892600
Assessor Market Value: 892600
Tax Annual Amount: 21797.48
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
Office/Member Information
DXORIGMLSID: RML
Exterior Features
None: 1
Flooring
Tile: 1
Foundation Details
Block: 1
Concrete Perimeter: 1
Property Condition
Resale: 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: 8
Number Of Separate Electric Meters: 4
Number Of Separate Water Meters: 4
Tenant Pays
Electricity: 1
Water: 1
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
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Shingle: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 28350
Gross Income: 81000
Net Operating Income: 52650
Operating Expense: 28350
Source Of Expenses
Owner Provided: 1
Cooling
Central Individual: 1
Showing Requirements
Call Listing Agent: 1
Text Listing Agent: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Details
Pet Fee YN: No
Restrictions
No Restrictions: 1
Tax Information
No Homestead: 1
Unit 1 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1850
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1001
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-05-11
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Den: 1
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Disposal: 1
Range: 1
Unit 2 Details
Actual Rent: 1400
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1001
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-03-31
Occupant Type: Tenant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Den: 1
Kitchen: 1
Unit 3 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 2000
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1001
Unit 3 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-05-12
Occupant Type: Tenant
Unit 3 Parking Details
Carport YN: No
Garage YN: No
Unit 4 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 1500
Baths Full: 1
Baths Half: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1001
Unit 4 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-03-31
Occupant Type: Tenant
Unit 4 Parking Details
Carport YN: No
Garage YN: No
Price Calculations
Current Price To SqFt: 299.7
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-05-12T03:06:08Z
Major Change Type: New Listing
Status Change Date: 2026-05-11
Originating Details
Originating System Key: 20260512022638519071000000
Originating System ID: M00000170
Property Features
Documents Available: Rent Rolls
Exterior Features: None
Flooring: Tile
Foundation Details: Block; Concrete Perimeter
Property Condition: Resale
Special Listing Conditions: Standard
Tenant Pays: Electricity; Water
Source Of Expenses: Owner Provided
Construction Materials: Frame; Stucco
Cooling: Central Individual
Heating: Central
Levels: Two
Listing Terms: Cash; Conventional
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow
Restrictions: No Restrictions
Roof: Shingle
Sewer: Public Sewer
Tax Information: No Homestead
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: Call Listing Agent; Text Listing Agent
Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Den; Kitchen
Unit 2 Appliances: Dishwasher; Disposal; Range
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Den; Kitchen
Unit 3 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 4 Appliances: Dishwasher; Microwave; Range; Refrigerator
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office:
LPT Realty, LLC
Last Updated: June - 02 - 2026
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