$2,049,000
$51K PRICE DROP

Estimated payment $12,754/month

Total Views 1,560
-- Beds
-- Baths
4,400 Sq Ft
$466 Price per Sq Ft

Highlights

  • Beach Access
  • No HOA
  • Guest Parking
  • Wood Flooring
  • Storage
  • Landscaped

About This Home

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.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,729

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 14,810 Sq Ft Lot
  • Landscaped

Home Design

  • Substantially Remodeled
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Stucco Exterior

Interior Spaces

  • 4,400 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Storage

Flooring

  • Wood
  • Tile

Parking

  • 8 Parking Spaces
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Beach Access
  • Exterior Lighting

Location

  • City Lot

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 240160100261001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,729

Year Built

Built in 1981 | Remodeled

Lot Details

0.34 Acres

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1981
  • Ownership: Limited Partnership
  • Property Sub Type: Multi Family
  • Directions: Seaway Drive east to Carlton Ct. turn right property is on your left
  • Horses: No
  • Inclusions: Building Only, Business And Building
  • Unit Levels: 1
  • Lot Size Acres: 0.34
  • New Construction: No
  • Road Frontage Type: City Street, City/County Maintained, City
  • Building Stories: 1
  • Structure Type: Multi Family
  • Year Built Details: Resale
  • CurrentPrice: 2049000
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood
  • Number Of Buildings: 1
  • Stories: 1

Exterior Features

  • Roof: Tile, Concrete, Tile Roof
  • Exterior Features: Lighting
  • Construction Type: Slab Construction, Stucco
  • Lot Features: Beach Area, City Location, Near Airport, Near Business Park, Near Industrial Park, Near School, Near Seaport, 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre, Beach Access, In Residential Area
  • Pool Private: No
  • Property Condition: Substantially Remodeled, Updated/Remodeled, Completely Renovated
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, Guest
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer, Public Sanitation, Sewer
  • Water Source: Public
  • Green Building Features: Airport Access, Exterior Lighting, Landscaped, Storage, Light Traffic
  • Cooling: Ceiling Fan(s), Central Individual A/C
  • Cooling Y N: Yes
  • Electric: Separate Meters
  • Electricity On Property: Yes
  • Heating: Central Individual A/C, Central
  • Heating Yn: Yes
  • Security: No Fire Protection, No Security
  • Utilities: Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Amenities: Exterior Lighting
  • Association: No

Lot Info

  • Parcel Number: 240160100261001
  • Lot Size Sq Ft: 14810
  • Zoning: HI Medium

Rental Info

  • Tenant Pays: Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 16729

Multi Family

  • Leasable Area: 4400
  • Number Of Units In Community: 5
  • Number Of Units Total: 5

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,729 $638,493 $352,639 $285,854
2024 $14,654 $763,900 $444,600 $319,300
2023 $14,654 $769,800 $407,600 $362,200
2022 $13,277 $675,600 $345,800 $329,800
2021 $11,265 $436,100 $154,400 $281,700
2020 $10,879 $414,700 $154,400 $260,300
2019 $10,474 $407,400 $154,400 $253,000
2018 $9,231 $373,800 $176,600 $197,200
2017 $8,375 $318,400 $154,600 $163,800
2016 $7,926 $301,800 $154,600 $147,200
2015 $5,764 $214,200 $118,800 $95,400
2014 $5,477 $208,600 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2026 09/11/26 Price Changed $2,049,000 -2.4% $466 / Sq Ft
07/24/2026 07/24/26 For Sale $2,100,000 +485.0% $477 / Sq Ft
12/30/2015 12/30/15 Sold $359,000 -10.0% $82 / Sq Ft View Prior Sale
11/30/2015 11/30/15 Pending -- -- --
07/22/2015 07/22/15 For Sale $399,000 -- $91 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $981,000 Terra Title Corp
Warranty Deed $359,000 Patch Reef Title Company Inc
Warranty Deed $250,000 Attorney
Interfamily Deed Transfer -- Universal Land Title Inc
Warranty Deed $444,000 Universal Land Title Inc
Warranty Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,000,000 Construction
Previous Owner $245,000 Future Advance Clause Open End Mortgage
Previous Owner $200,000 Future Advance Clause Open End Mortgage
Previous Owner $20,000 Commercial
Previous Owner $28,800 Commercial
Previous Owner $347,500 Commercial
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: B26056972

MIAMI REALTORS® MLS

APN: 2401-601-0026-100-1

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