642 Eldorado Street
Fort Pierce, FL 34949
8
Bed
8
Bath
4,004Sqft
0.24Acre(Lot)
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
Map
Map
Features
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Interior Features
Roof: Composition, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1984Building Area Total: 4740Construction Materials: Frame, StuccoStories: 2Pool Features: NonePrivate Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Lot Size Acres: 0.24 Lot Description: LessThanOneAcre,LessThanQuarterAcreProperty Information
Subdivision: OCEAN VIEW SUBDIVISION REP Source Property Type: ResidentialIncome MLS Area Minor: St Lucie County 6010; 7010 7020 Postal Code Plus 4: 3506 Zoning Description: HI Medium Property SubType: Quadruplex Levels: Two Property Age: 42
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Listing Price Information
Listing Price: $1150000Original Price: $1200000Cash, Conventional
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Tax Information
Parcel Number: 240150300620003 Tax Year: 2025 Annual Tax: $21797 Tax Legal Desc: 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
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Garage Information
Pets Allowed: NoPetRestrictions
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Utility Information
ElectricityAvailable, SewerAvailable, WaterAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 646 Eldorado Street, Fort Pierce, FL, 34949 | $1,150,000 | 8 | -- | 4,004 | 4,004 SqFt |
| 642 Eldorado Street, Fort Pierce, FL, 34949 | $1,150,000 | 8 | -- | 4,004 | 4,004 SqFt |
| 646 Eldorado Street, Fort Pierce, FL, 34949 | $1,150,000 | 8 | 8 | 4,004 | 4,004 SqFt |
| 1156 S Ocean Drive, Fort Pierce, FL, 34949 | $3,250,000 | -- | -- | 4,504 | 4,504 SqFt |
| 711 S Ocean Drive, Fort Pierce, FL, 34949 | $995,000 | -- | -- | 2,524 | 2,524 SqFt |
| 413 Hernando Street, Fort Pierce, FL, 34949 | $849,900 | 3 | 3 | 1,590 | 1,590 SqFt |
| 1412 Bayshore Drive, Fort Pierce, FL, 34949 | $775,000 | 3 | 3 | 2,481 | 2,481 SqFt |
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ByOwner last updated this listing 07/28/2026 @ 16:34
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