1702 Avenue L - Apartments FOR SALE


Fort Pierce, FL 34950
$1,650,000 USD
561-355-0270
1702 Avenue L, Fort Pierce, FL for Sale
$1,650,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

1702 Avenue L
Fort Pierce, FL 34950


HIGHLIGHTS

  • Front and center on Avenue L, across from a nationally ranked high school.
  • Six 4BR/2BA homes on one acre, formerly duplexes, never vacant.
  • Walkable neighborhood with sidewalks, streetlights, and strong tenant appeal.
  • Under 10 minutes to beaches, 4 minutes to historic downtown Fort Pierce.
  • 8 minutes to hospital, 20 to Amazon and Walmart warehouses.
  • Located in a thriving area with clean water, parks, culture, and redevelopment.

OVERVIEW

Prime Multifamily Opportunity in Fort Pierce, FL Welcome to 1702 Avenue L, a centrally located gem on Florida’s Treasure Coast. This one-acre property sits on the east side of 25th Street, directly across from one of the nation’s top-rated high schools—making it a standout for families and long-term tenants. The site features six single-family homes, each configured as spacious 4-bedroom, 2-bath units. Originally designed as 2/1 duplexes, these homes offer flexible layouts ideal for investors seeking strong rental income in a high-demand area. Unmatched Location & Lifestyle Access Residents enjoy the best of Fort Pierce living—clean water, vibrant culture, and easy access to the scenic Fort Pierce Inlet and local parks. The property is less than 10 minutes from the beach, just 4 minutes from the charming historic downtown, and only 8 minutes from a Level III trauma center hospital. Sidewalks and streetlights enhance walkability and safety, while proximity to major employers like Amazon and Walmart warehouses (within 20 minutes) ensures consistent tenant interest. This property has never been vacant, underscoring its strong appeal and reliable occupancy. Redevelopment Potential & Investment Value With ongoing redevelopment in Fort Pierce and the property's central location, 1702 Avenue L offers excellent upside potential. Whether you're looking to expand your portfolio or capitalize on the area's growth, this multifamily site delivers both stability and opportunity. The homes are well-positioned for long-term appreciation, and the surrounding infrastructure supports future enhancements. Don’t miss your chance to own a turnkey investment in one of Florida’s most promising coastal markets.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,502 SF

ZONING

0800

APN/PARCEL ID

24-04-701-0013-0002

ASK ABOUT THIS PROPERTY

Saundra RangelPartnership Realty IncMore Info
561-355-0270

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Saundra RangelPartnership Realty IncMore Info
561-355-0270

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.