646 Eldorado Street, Fort Pierce, FL 34949

$1,200,000

Virtual Tour

https://www.propertypanorama.com/646-Eldorado-Street-Fort-Pierce-FL-34949/unbranded

Property Type: Residential Income Square Footage: 4,740 Status: Active

Current Price: $1,200,000 List Date: 5/12/2026 Last Modified: 6/29/2026

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# B26027261

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 4740
Building Area Source: Public Records
Living Area Main: 4004
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 1984
Parking Total: 8
Gated Community YN: No
Lot Size Area: 11326
Lot Size Acres: 0.26
Senior Community YN: No
Stories Total: 2
Pool Private YN: No
LP/Assessed Value: 1.38

Property Features

Documents Available: Rent Rolls Exterior Features: None Flooring: Tile Foundation Details: Concrete Perimeter Property Condition: Resale Special Listing Conditions: Standard Tenant Pays: Electricity; Water Source Of Expenses: Owner Provided Construction Materials: Frame; Stucco Cooling: Central Air; Central Individual Heating: Central Levels: Two Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Roof: Shingle Sewer: Public Sewer Tax Information: No Homestead Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Call Listing Agent; Text Listing Agent Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Den; Kitchen Unit 2 Appliances: Dishwasher; Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Den; Kitchen Unit 3 Appliances: Dishwasher; Microwave; Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Rooms: Den; Kitchen Unit 4 Appliances: Dishwasher; Dryer; Microwave; Range 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: 1200000
Owner Phone: 7727134204
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: St. Lucie
Street Number: 646
Street Name: Eldorado
Street Suffix: Street
Municipality Type: Unincorporated
State Or Province: FL
Postal Code: 34949
Postal Code +4: 3505
Subdivision Name: OCEAN VIEW SUBDIVISION REPLAT HOLLEY & MORGAN
Area: 7010
Geographic Area: SL09
Special Assessment YN: No
Parcel Number: 240150300540004
Zoning: HI Medium
Flood Zone: AE,X

Financial Information

Application Required YN: No
Master Association YN: No
Tax Annual Amount: 21169.81
Tax Year: 2025
Tax Assessed/SOH Value: 866700
Tax Legal Description: OCEAN VIEW S/D REVISED PLAT HOLLEY AND MORGAN`S S/D BLK 6 PART OF LOTS 11, 12 AND 13 MPDAF: FROM SW COR BLK 6 RUN N 17 DEG 53 MIN 23SEC W AL
Assessor Market Value: 866700
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-05-12T03:24:40Z
Major Change Type: New Listing
Status Change Date: 2026-05-11

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 4
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 4
Number Of Meters Total: 8

Income and Expenses

Annual Total Expense: 26880
Gross Income: 76800
Net Operating Income: 49920
Operating Expense: 26880

Pet Details

Pet Fee YN: No

Unit 1 Details

Actual Rent: 1500
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1001

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-03-31
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1500
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1001

Unit 2 Lease Description

Currently Leased YN: No
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 1700
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1001

Unit 3 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-11-30
Occupant Type: Tenant

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Unit 4 Details

Actual Rent: 1700
Baths Full: Yes
Baths Half: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1001

Unit 4 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-12-31
Occupant Type: Tenant

Unit 4 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 299.7

Originating Details

Originating System Key: 20260512030705598122000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

None: Yes

Flooring

Tile: Yes

Foundation Details

Concrete Perimeter: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Rent Rolls: Yes

Tenant Pays

Electricity: Yes
Water: 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

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Shingle: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Air: Yes
Central Individual: Yes

Showing Requirements

Call Listing Agent: Yes
Text Listing Agent: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

No Homestead: Yes

Unit 1 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Den: Yes
Kitchen: Yes

Unit 2 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Den: Yes
Kitchen: Yes

Unit 3 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Rooms

Den: Yes
Kitchen: Yes

Unit 4 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes

Acreage Description

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

Listing Office: LPT Realty, LLC

Last Updated: June - 29 - 2026

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