Home/Search/642 & 646 Eldorado Street, Fort Pierce FL 34949
642 & 646 Eldorado Street, Fort Pierce FL 349491 / 27
For Sale
Multi Family

$2,170,000

642 & 646 Eldorado Street, Fort Pierce FL 34949

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About This Property

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.

Property Details

MLS #:B26027271
Price:$2,170,000
Original Price:$2,400,000
Status:For Sale
Days on Market:146
Date Listed:May 11, 2026
Total Bathrooms:0
Building Area:8008 sqft
Lot Acres:0.24 acres
Year Built:1984
Property Type:Commercial Sale
Property Sub Type:Multi Family

Heating:Central
Cooling:Central Air
Flooring:Tile
Security Features:No Fire Protection, No Security
Stories:2
Virtual Tour:Available

Construction Materials:Frame, Frame With Stucco, Stucco
Structure Type:Multi Family
Roof:Comp Shingle Roof, Shingle
Lot Features:Less Than 1/4 Acre Lot, Less Than 1 Acre
Sewer:Public Sewer, Public Sanitation, Sewer
Water Source:Public
Utilities:Electricity Available, Sewer Available, Water Available
Electric:Separate Meters

Total Parking:16

Zoning:HI Medium

Annual Tax Amount:$43,594
Tax Year:2025
Listing Terms:All Cash, Conventional
Special Conditions:Sale
Parcel Number:240150300620003
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

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$2,170,000
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Estimated Monthly Payment

$16,414/mo

Principal & Interest$10,973
Property Tax$3,633
Insurance$1,808
Loan Amount$1,736,000
REsource

REsource

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Listing courtesy of LPT Realty, LLC. Data last updated October 4, 2026 at 10:08 PM.