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.
For sale
Price cut: $65K (9/22)
$1,085,000
646 Eldorado Street, Fort Pierce, FL 34949
8beds
8baths
4,004sqft
Quadruplex, Multi Family, Multi Family
Built in 1984
-- sqft lot
$990,700 Zestimate®
$271/sqft
$-- HOA
What's special
Frame and stucco constructionRecent renovationsSeparate electric metersImpact windows
- 147 days
- 137
- 13
Zillow last checked:
Listing updated:
Listed by:
John C DiGirolomo 772-713-4204,
LPT Realty, LLC
Source: BeachesMLS,MLS#: B26027261
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & 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
Video & virtual tour
Property
Parking
- Total spaces: 8
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: None
Lot
- Size: 0.26 Acres
- Features: 1/4 to 1/2 Acre Lot
Details
- Parcel number: 240150300540004
- Zoning: HI Medium
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Frame, Stucco
- Foundation: 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: $271/sqft
- Tax assessed value: $866,700
- Annual tax amount: $21,169
- Date on market: 5/12/2026
- Cumulative days on market: 568 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Water
- Electric utility on property: Yes
Estimated market value
$990,700
$941,000 - $1.04M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Price change | $1,085,000-5.7%$271/sqft |
Source:  BeachesMLS #B26027261 Report a problem | ||
| 7/17/2026 | Price change | $1,150,000-4.2%$287/sqft |
Source:  Realtor Association of Indian River County #297412 Report a problem | ||
| 5/12/2026 | Listed for sale | $1,200,000+0.1%$300/sqft |
Source: BeachesMLS #B26027261 Report a problem | ||
| 5/11/2026 | Listing removed | $1,199,000$299/sqft |
Source: BeachesMLS #R11070813 Report a problem | ||
| 3/11/2026 | Listed for sale | $1,199,000-14.4%$299/sqft |
Source: BeachesMLS #R11070813 Report a problem | ||
| 8/1/2024 | Listing removed | -- |
Source: BeachesMLS #F10430277 Report a problem | ||
| 5/14/2024 | Price change | $1,400,000-12.5%$350/sqft |
Source: BeachesMLS #F10430277 Report a problem | ||
| 3/21/2024 | Listed for sale | $1,600,000+39.1%$400/sqft |
Source: BeachesMLS #F10430277 Report a problem | ||
| 11/28/2023 | Listing removed | -- |
Source: BeachesMLS #R10930532 Report a problem | ||
| 10/25/2023 | Listed for rent | $2,000 |
Source: BeachesMLS #R10930532 Report a problem | ||
| 9/12/2022 | Sold | $1,150,000+2.2%$287/sqft |
Source: Realtor Association of Indian River County #253135 Report a problem | ||
| 6/13/2022 | Contingent | $1,125,000$281/sqft |
Source: Realtor Association of Indian River County #253135 Report a problem | ||
| 6/6/2022 | Price change | $1,125,000-2.2%$281/sqft |
Source: Realtor Association of Indian River County #253135 Report a problem | ||
| 5/26/2022 | Listed for sale | $1,150,000$287/sqft |
Source: Realtor Association of Indian River County #253135 Report a problem | ||
| 5/23/2022 | Contingent | $1,150,000$287/sqft |
Source: Realtor Association of Indian River County #253135 Report a problem | ||
| 5/3/2022 | Price change | $1,150,000-51.3%$287/sqft |
Source: Realtor Association of Indian River County #253135 Report a problem | ||
| 4/19/2022 | Price change | $2,360,000+100%$589/sqft |
Source: Realtor Association of Indian River County #253135 Report a problem | ||
| 3/31/2022 | Listed for sale | $1,180,000+90.6%$295/sqft |
Source: Realtor Association of Indian River County #253135 Report a problem | ||
| 7/20/2020 | Sold | $619,000$155/sqft |
Source: BeachesMLS #R10640100 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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