Commercial Sale · Multi Family
642 & 646 Eldorado Street, Fort Pierce FL 34949, FORT PIERCE, FL, 34949
Active100 days on marketListed May 11, 2026MLS #B26027271
About this property
The property at a glance
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.
8,008
Building sq ft
$300
Price / sq ft
0.24
Lot acres
1984
Year built
8
Units
2
Buildings
HI Medium
Zoning
Multi Family
Property type
The numbers
Investment snapshot
4.3%
Cap rate
$102,570
Net operating income
$157,800
Gross income (yr)
$300,000
Price / unit
8
Units
Estimated payment (illustrative)
Estimated payment
$14,585/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
4,027
Population
$67,737
Median income
65
Median age
2
Avg household
$384,267
Median home value
$646/mo
Median rent
23%
Households w/ kids
Consumer profile
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
This population follows the music. From local bands to current acts at the local venue, you can find these people researching band tours and how to get backstage passes.
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Pups are just another member of the family. Dog lovers adore their tail-wagging friends and are looking for new ways to make them happy.
Recent sales
What actually sold near 642 & 646 Eldorado Street
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$534,000
909 Avenue B, Fort Pierce FL 34950
Sold Jul 6, 2026
$6,000
706 N 7th Street, Fort Pierce FL 34950
Sold Apr 9, 2025
$72,000
706 N 7TH STREET
Sold Apr 16, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 642 & 646 Eldorado Street — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 642 & 646 Eldorado Street.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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