For sale

$1,200,000

642 Eldorado Street, Fort Pierce, FL 34949

8beds

8baths

4,004sqft

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Quadruplex, Multi Family, Multi Family

Built in 1984

-- sqft lot

$1,101,300 Zestimate^®

$300/sqft

$-- HOA

What's special

Frame and stucco constructionRecent renovationsSeparate electric metersImpact windows

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.

54 days

146

4

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Heating

Central

Cooling

Central Air

Features

Flooring: Tile

Interior area

Total structure area: 4,740
Total interior livable area: 4,004 sqft

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Property

Parking

Total spaces: 8

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Exterior features: None

Lot

Size: 10,454 Square Feet
Features: < 1/4 Acre

Details

Parcel number: 240150300620003
Zoning: HI Medium
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family, Multi Family

Materials

Frame, Stucco
Foundation: Block, Concrete Perimeter
Roof: Shingle

Condition

Resale
New construction: No
Year built: 1984

Utilities & green energy

Sewer: Public Sewer
Water: Multiple Meters, Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: OCEAN VIEW SUBDIVISION REPLAT HOLLEY & MORGAN

HOA

Has HOA: No

Location

Region: Fort Pierce

Financial & listing details

Price per square foot: $300/sqft
Tax assessed value: $892,600
Annual tax amount: $21,797
Date on market: 5/12/2026
Cumulative days on market: 475 days
Listing terms: Cash,Conventional
Tenant pays: Electricity, Water
Electric utility on property: Yes

Estimated market value

$1,101,300

$1.05M - $1.16M

$1,950/mo

Price history

Date	Event	Price
5/12/2026	Listed for sale	$1,200,000+0.1%$300/sqft
Source: BeachesMLS #B26027258 Report a problem
5/11/2026	Listing removed	$1,199,000$299/sqft
Source: BeachesMLS #R11070804 Report a problem
3/11/2026	Listed for sale	$1,199,000-14.4%$299/sqft
Source: BeachesMLS #R11070804 Report a problem
8/1/2024	Listing removed	--
Source: BeachesMLS #F10430022 Report a problem
5/14/2024	Price change	$1,400,000-12.5%$350/sqft
Source: BeachesMLS #F10430022 Report a problem
3/21/2024	Listed for sale	$1,600,000+39.1%$400/sqft
Source: BeachesMLS #F10430022 Report a problem
9/12/2022	Sold	$1,150,000+7.5%$287/sqft
Source: Realtor Association of Indian River County #254119 Report a problem
6/13/2022	Contingent	$1,070,000$267/sqft
Source: Realtor Association of Indian River County #254119 Report a problem
6/6/2022	Price change	$1,070,000-2.3%$267/sqft
Source: Realtor Association of Indian River County #254119 Report a problem
5/3/2022	Listed for sale	$1,095,000+73.8%$273/sqft
Source: Realtor Association of Indian River County #254119 Report a problem
11/16/2020	Sold	$630,000+57.9%$157/sqft
Source: BeachesMLS #R10632085 Report a problem
7/22/2014	Listing removed	$795
Source: All County Property Management Report a problem
7/3/2014	Price change	$795-11.7%
Source: All County Property Management Report a problem
6/11/2014	Listed for rent	$900
Source: All County Property Management Report a problem
2/5/2012	Listing removed	$399,000$100/sqft
Source: Keyes Real Estate, Mortgage, Title - Hutchinson Island #359081 Report a problem
3/31/2011	Listed for sale	$399,000+124.2%$100/sqft
Source: Keyes Real Estate, Mortgage, Title - Hutchinson Island #357253 Report a problem
3/29/2001	Sold	$178,000$44/sqft
Source: Public Record Report a problem

Public tax history

Tax history is unavailable.

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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