1240 CARLTON Court, Fort Pierce, FL

New Listing

$2,100,000

Property Type: Commercial Sale Square Footage: 4,400 Status: Active

Current Price: $2,100,000 List Date: 7/27/2026 Last Modified: 7/30/2026

Overview

Description

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.

Listing Details MLS# B26056972

General Property Information

Number Of Buildings: Yes
Property Sub Type: Multi Family
Number Of Units Total: 5
Price Per Unit: 420000
Occupant Type: Tenant
Building Area Main: 4400
Building Area Source: Appraiser
Adjusted Area Main: 880
Year Built: 1981
Parking Total: 8
Lot Size Area: 14810
Lot Size Acres: 0.34
Accessibility Features YN: Yes
Stories Total: Yes
Stories: Yes
Leasable Area: 4400

Property Features

Building Features: Exterior Lighting; Storage Business Type: Rental Documents Available: Investment Analysis Electric: Separate Meters Flooring: Laminate; Tile Foundation Details: Slab Heating: Central Individual Location of Property: Beach Access; City Location; In Residential Area; Near Airport; Near Business Park; Near Industrial Park; Near School; Near Seaport; Subdivision Parking Features: Assigned; Guest Possession: Close Of Escrow Property Condition: Resale; Updated/Remodeled Sale Includes: Building; Fixtures; Land Special Listing Conditions: Standard Zoning Information: Use Conforms To Zoning Tenant Pays: Cable TV; Maintenance; Sewer; Trash Collection; Water Construction Materials: Concrete Block - With Stucco Cooling: Ceiling Fan(s); Central Individual Listing Terms: Cash; Conventional Lot Features: Landscaped Road Frontage Type: City Street Traffic Type: Light Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Concrete Security Features: None Sewer: Public Sewer Special Information: Flood Zone; Sold As-Is Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Call Listing Agent; Schedule Online; Sign On Property; Text Listing Agent Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 2100000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: St. Lucie
Street Number: 1240
Street Name: CARLTON
Street Suffix: Court
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 34949
Postal Code +4: 3061
Area: 7010
Geographic Area: SL09
Parcel Number: 240160100261001
Zoning: HI Medium
Flood Zone: AE
Directions: Seaway Drive east to Carlton Ct. turn right property is on your left
Building Name: 1240
Property Description: MULTI UNIT

Financial Information

Tax Annual Amount: 16729
Tax Year: 2025
Tax Assessed/SOH Value: 638493
Tax Legal Description: REVISED PLAT OF BLKS 17, 21 AND 22 FT PIERCE BEACH S/D BLK 21 LOTS 18 AND 19
Assessor Market Value: 805000

Status Change Information

Major Change Timestamp: 2026-07-27T15:24:33Z
Major Change Type: New Listing
Status Change Date: 2026-07-27

More Information

Building and Property Details

# Of Tenants: 5

Distance To Information

Miles to Expressway: 7

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 5
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 5
Number Of Meters Total: 5

Description of Unit Type 1

Unit Type: 2 Bedroom
Full Baths: Yes
Furnished: No

Description of Unit Type 2

Unit Type: 2 Bedroom
Full Baths: Yes
Furnished: No

Description of Unit Type 3

Unit Type: 2 Bedroom
Full Baths: Yes
Furnished: No

Description of Unit Type 4

Unit Type: 2 Bedroom
Full Baths: Yes
Furnished: No

Description of Unit Type 5

Unit Type: 2 Bedroom
Full Baths: Yes
Furnished: No

Ceiling Fan Details

Number Of Ceiling Fans: 3

Originating Details

Originating System Key: 20260707174231379369000000
Originating System ID: M00000170

Currently Not Used

Ownership Type: Limited Partnership

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Laminate: Yes
Tile: Yes

Foundation Details

Slab: Yes

Parking Features

Assigned: Yes
Guest: Yes

Property Condition

Resale: Yes
Updated/Remodeled: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Investment Analysis: Yes
Photos: Yes

Tenant Pays

Cable TV: Yes
Maintenance: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Location of Property

Beach Access: Yes
City Location: Yes
In Residential Area: Yes
Near Airport: Yes
Near Business Park: Yes
Near Industrial Park: Yes
Near School: Yes
Near Seaport: Yes
Subdivision: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Flood Zone: Yes
Sold As-Is: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Zoning Information

Use Conforms To Zoning: Yes

Building Features

Exterior Lighting: Yes
Storage: Yes

Business Type

Rental: Yes

Heating

Central Individual: Yes

Sale Includes

Building: Yes
Fixtures: Yes
Land: Yes

Construction Materials

Concrete Block - With Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Landscaped: Yes

Road Frontage Type

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Asphalt: Yes

Roof

Concrete: Yes

Security Features

None: Yes

Water Source

Public: Yes

Cooling

Ceiling Fan(s): Yes
Central Individual: Yes

Showing Requirements

Call Listing Agent: Yes
Schedule Online: Yes
Sign On Property: Yes
Text Listing Agent: Yes

Traffic Type

Light: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: Southern Castles

Last Updated: July - 30 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

1240 CARLTON Court, Fort Pierce, FL (MLS# B26056972)