642 Eldorado St Fort Pierce, FL 34949
South Beach NeighborhoodEstimated payment $8,137/month
Highlights
- No HOA
- Tile Flooring
- Central Heating and Cooling System
About This Home
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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,797
Year Built
- Built in 1984
Parking
- 8 Parking Spaces
Home Design
- Quadruplex
- Frame Construction
- Shingle Roof
- Stucco
Interior Spaces
- 4,004 Sq Ft Home
- 2-Story Property
- Tile Flooring
Additional Features
- 10,454 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 240150300620003
Community Details
Overview
- No Home Owners Association
- 4 Units
- Ocean View Subdivision Replat Holley & Morgan
Pet Policy
- Pets Allowed
Building Details
- 4 Separate Electric Meters
- Operating Expense $28,350
- Gross Income $81,000
- Net Operating Income $52,650
Map
Home Values in the Area
Average Home Value in this Area
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 | $21,797 | $892,600 | $363,500 | $529,100 |
| 2024 | $21,912 | $829,100 | $363,500 | $465,600 |
| 2023 | $21,912 | $889,900 | $333,200 | $556,700 |
| 2022 | $16,487 | $778,000 | $282,800 | $495,200 |
| 2021 | $14,515 | $565,900 | $126,300 | $439,600 |
| 2020 | $11,301 | $530,600 | $126,300 | $404,300 |
| 2019 | $10,717 | $524,100 | $126,300 | $397,800 |
| 2018 | $9,042 | $427,600 | $120,600 | $307,000 |
| 2017 | $8,176 | $362,800 | $105,500 | $257,300 |
| 2016 | $7,524 | $332,600 | $105,500 | $227,100 |
| 2015 | $6,568 | $246,200 | $98,000 | $148,200 |
| 2014 | $4,859 | $185,600 | $0 | $0 |
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 |
|---|---|---|---|---|---|
| 07/17/2026 07/17/26 | Price Changed | $1,150,000 | -4.2% | $287 / Sq Ft | |
| 05/12/2026 05/12/26 | For Sale | $1,200,000 | 0.0% | $300 / Sq Ft | |
| 11/01/2022 11/01/22 | Rented | $2,400 | -4.0% | -- | |
| 10/20/2022 10/20/22 | For Rent | $2,500 | 0.0% | -- | |
| 09/12/2022 09/12/22 | Sold | $1,150,000 | +5.0% | $287 / Sq Ft | View Prior Sale |
| 08/13/2022 08/13/22 | Pending | -- | -- | -- | |
| 05/03/2022 05/03/22 | For Sale | $1,095,000 | +73.8% | $273 / Sq Ft | |
| 11/16/2020 11/16/20 | Sold | $630,000 | -6.7% | $157 / Sq Ft | View Prior Sale |
| 10/17/2020 10/17/20 | Pending | -- | -- | -- | |
| 06/19/2020 06/19/20 | For Sale | $675,000 | -- | $169 / Sq Ft |
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 | $2,300,000 | -- | |
| Warranty Deed | $630,000 | Prime Title Services Llc | |
| Interfamily Deed Transfer | $29,500 | None Available | |
| Interfamily Deed Transfer | $57,000 | Attorney | |
| Warranty Deed | $178,000 | -- | |
| Quit Claim Deed | $200 | -- |
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 | $1,495,000 | New Conventional | |
| Previous Owner | $741,000 | New Conventional | |
| Previous Owner | $409,500 | New Conventional | |
| Previous Owner | $59,000 | Commercial |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: B26027258
APN: 2401-503-0062-000-3
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All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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