642 & 646 Eldorado Street, Fort Pierce, FL

New Listing

$2,400,000

Virtual Tour

https://www.propertypanorama.com/642-646-Eldorado-Street-Fort-Pierce-FL/unbranded

Property Type: Commercial Sale Square Footage: 8,008 Status: Active

Current Price: $2,400,000 List Date: 5/12/2026 Last Modified: 5/12/2026

Overview

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.

Listing Details MLS# B26027271

General Property Information

Number Of Buildings: 2
Property Sub Type: Multi Family
Number Of Units Total: 8
Price Per Unit: 300000
Occupant Type: Tenant
Building Area Main: 8008
Building Area Source: Public Records
Year Built: 1984
Parking Total: 16
Lot Size Area: 10454.4
Lot Size Acres: 0.24
Accessibility Features YN: No
Stories Total: 2

Property Features

Documents Available: Rent Rolls Electric: Separate Meters Flooring: Tile Foundation Details: Concrete Perimeter Heating: Central Possession: Close Of Escrow Special Listing Conditions: Standard Construction Materials: Frame; Stucco Cooling: Central Air Listing Terms: Cash; Conventional Roof: Shingle Security Features: None Sewer: Public Sewer Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Call Listing Agent; Text Listing Agent Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 2400000
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: St. Lucie
Street Number: 642 & 646
Street Name: Eldorado
Street Suffix: Street
State Or Province: FL
Postal Code: 34949
Area: 7010
Geographic Area: SL09
Parcel Number: 240150300620003
Zoning: HI Medium

Financial Information

Tax Annual Amount: 43594.96
Tax Year: 2025
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

Status Change Information

Major Change Timestamp: 2026-05-12T04:20:10Z
Major Change Type: New Listing
Status Change Date: 2026-05-12

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 8
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 8
Number Of Meters Total: 16

Income and Expenses

Annual Total Expense: 55230
Gross Income: 157800
Net Operating Income: 102570

Unit Details

Number Of Units Leased: 8

Description of Unit Type 1

Unit Type: 2 Bedroom
Units Total: 8
Full Baths: Yes
Half Baths: Yes
Furnished: No
Annual Rent: 1850

Description of Unit Type 2

Unit Type: 2 Bedroom
Units Total: 8
Full Baths: Yes
Half Baths: Yes
Furnished: No
Annual Rent: 1400

Description of Unit Type 3

Unit Type: 2 Bedroom
Units Total: 8
Full Baths: Yes
Half Baths: Yes
Furnished: No
Annual Rent: 2000

Description of Unit Type 4

Unit Type: 2 Bedroom
Units Total: 8
Full Baths: Yes
Half Baths: Yes
Furnished: No
Annual Rent: 1500

Description of Unit Type 5

Unit Type: 2 Bedroom
Units Total: 8
Full Baths: Yes
Half Baths: Yes
Furnished: No
Annual Rent: 1500

Description of Unit Type 6

Unit Type: 2 Bedroom
Units Total: 8
Full Baths: Yes
Half Baths: Yes
Furnished: No
Annual Rent: 1500

Description of Unit Type 7

Unit Type: 2 Bedroom
Units Total: Yes
Full Baths: Yes
Half Baths: Yes
Furnished: No
Annual Rent: 1700

Showing Details

Pet(s) on Premises: Yes
Showing Contact Phone: 7727134204

Originating Details

Originating System Key: 20260512034227429194000000
Originating System ID: M00000170

Currently Not Used

Ownership Type: Partnership

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Tile: Yes

Foundation Details

Concrete Perimeter: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Rent Rolls: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

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

Heating

Central: Yes

Construction Materials

Frame: Yes
Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Shingle: Yes

Security Features

None: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Showing Requirements

Call Listing Agent: Yes
Text Listing Agent: Yes

Acreage Description

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

Listing Office: LPT Realty, LLC

Last Updated: May - 12 - 2026

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642 & 646 Eldorado Street, Fort Pierce, FL (MLS# B26027271)