646 Eldorado St Fort Pierce, FL 34949
South Beach NeighborhoodEstimated payment $8,170/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
- $21,170
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
- 11,326 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 240150300540004
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 $26,880
- Gross Income $76,800
- Net Operating Income $49,920
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $19,821 | $866,700 | $378,500 | $488,200 |
| 2024 | $20,861 | $811,900 | $378,500 | $433,400 |
| 2023 | $20,861 | $846,900 | $347,000 | $499,900 |
| 2022 | $15,569 | $740,900 | $294,400 | $446,500 |
| 2021 | $13,653 | $531,900 | $131,400 | $400,500 |
| 2020 | $10,406 | $548,800 | $131,400 | $417,400 |
| 2019 | $9,867 | $536,100 | $131,400 | $404,700 |
| 2018 | $8,282 | $442,000 | $129,600 | $312,400 |
| 2017 | $7,484 | $374,200 | $113,400 | $260,800 |
| 2016 | $6,891 | $342,100 | $113,400 | $228,700 |
| 2015 | $5,994 | $254,900 | $105,300 | $149,600 |
| 2014 | $5,050 | $193,100 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/12/2026 05/12/26 | For Sale | $1,200,000 | 0.0% | $300 / Sq Ft | |
| 12/01/2023 12/01/23 | Rented | $1,900 | -5.0% | -- | |
| 11/28/2023 11/28/23 | Under Contract | -- | -- | -- | |
| 10/25/2023 10/25/23 | For Rent | $2,000 | 0.0% | -- | |
| 09/12/2022 09/12/22 | Sold | $1,150,000 | 0.0% | $287 / Sq Ft | View Prior Sale |
| 08/20/2022 08/20/22 | For Rent | $2,250 | +7.1% | -- | |
| 08/20/2022 08/20/22 | Rented | $2,100 | 0.0% | -- | |
| 08/13/2022 08/13/22 | Pending | -- | -- | -- | |
| 03/31/2022 03/31/22 | For Sale | $1,180,000 | +90.6% | $295 / Sq Ft | |
| 07/20/2020 07/20/20 | Sold | $619,000 | -1.0% | $155 / Sq Ft | View Prior Sale |
| 07/19/2020 07/19/20 | For Sale | $625,000 | -- | $156 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: B26027261
APN: 2401-503-0054-000-4
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