642 Eldorado ,Two Story, Quadruplex, Fourplex, Ocean View Subdivision Rep for Sale

642 Eldorado for Sale

Price $1,200,000.00

• Lot size 4740
• Year Build 1984
• Waterfront
• Zip 34949
• Style Two Story
• Parking Description
• Pool Yes
• Status Active

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.

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

Less Than 1/4 Acre Lot, Less Than 1 Acre

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.

City:Fort Pierce,Roof:1:Shingle,Sewer:1:Public Sanitation,2:Sewer,Zoning:HI Medium,Country:United States,List A O R:BeachesMLS,Stories:2,Tax Year:2025,Latitude:27.4673827,Cooling Y N:1,Heating Y N:1,List Price:1200000,Listing Id:B26027258,Longitude:-80.2969366,Mls Status:Active,Utilities:1:Sewer Available,2:Water Available,Year Built:1984,Living Area:4004,Postal Code:34949,Street Name:Eldorado,Coordinates:1:27.4673827,Gross Income:81000,Lot Features:1:Less Than 1 Acre,Photos Count:20,Days On Market:38,Listing Terms:1:Conventional,Lot Size Acres:0.24,Lot Size Units:Square Feet,M I A M I R E_ Area:7010,M L S Area Major:Ocean View Subdivision Rep,On Market Date:2026-05-11,Parcel Number:240150300620003,Property Type:Residential Income,Stories Total:2,Street Number:642,Street Suffix:Street,Public Remarks: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.,County Or Parish:St Lucie County,Expiration Date:2026-11-06,List Office Name:LPT Realty, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3506,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:OCEAN VIEW SUBDIVISION REP,Tax Annual Amount:21797,Total Actual Rent:81000,Unparsed Address:642 Eldorado Street, Fort Pierce FL 34949,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Operating Expense:28350,Year Built Details:Resale,Building Area Total:4740,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:299.7003,M I A M I R E_ Num Floors:2,M I A M I R E_ Num Meters:8,Original List Price:1200000,I D X Participation Y N:1,Net Operating Income:52650,Number Of Units Total:4,Syndication Remarks: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.,Listing Contract Date:2026-05-11,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Elect Lockbox-Call List Agent,Pet On Premises,Text Agent Phone Number,Street Number Numeric:642,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,M I A M I R E_ Current Price:1200000,Construction Materials:1:Frame With Stucco,2:Stucco,M I A M I R E_ Year Installed:1984,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:St Lucie County 6010; 7010 7020,M I A M I R E_ Parcel Number M L X:2401,M I A M I R E_ Separate Meter Y N:1,Contract Status Change Date:2026-05-11,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Acreage Description:1/4 Acre Or Less,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:772-713-4204,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:892600,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:299.7,Internet Automated Valuation Display Y N:1,