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29660994
29660995

2603 Booker St, Fort Pierce, FL 34947

Horvath & Tremblay
KF
Fl : BK672851, FL: BK672851
Horvath & Tremblay
Listed by Horvath & Tremblay
$1,500,000
146 days on market
Updated 91 days ago
Opportunity zone

Dreamland Park Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,715
Net Rentable (SqFt) 7,715
Units 14
Cap Rate 7.32%
NOI $109,793
Price per SqFt $194
Year Built 1952/1960
Buildings 12
Stories 1
Acreage 1.250
Investment Type Value Add
Ownership Fee Simple

Multifamily | 14 Units | $107,143/unit

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single family home investment properties located at 2601 2611 Booker Street, 503-509 N 26th Street, 512 N 27th Street, and 2604 Ave D in Fort Pierce, FL (the “Property” or the “Portfolio”). The Portfolio contains twelve (12) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1 Bathroom units.

The Portfolio is well-positioned within the City of Fort Pierce, offering convenient access to downtown and surrounding residential neighborhoods. The property benefits from proximity to U.S. Route 1 and State Road A1A, with efficient connections to Interstate 95 via nearby east–west corridors, supporting regional access throughout St. Lucie County and Florida’s Treasure Coast. Nearby retail, dining, waterfront amenities, and civic services further enhance livability and long-term tenant appeal.

Investment highlights

ACCESS & CONNECTIVITY

Fort Pierce is served by the Treasure Coast Connector/St. Lucie County bus system, which operates multiple fixed routes including Route 1 along US 1 and Route 2 serving North Fort Pierce residential areas, providing affordable local transit coverage around the city and to key commercial corridors. In addition, intercity bus providers such as Greyhound and RedCoach maintain Fort Pierce stops along Okeechobee Road and at a nearby Florida’s Turnpike service plaza, creating direct coach links to other Florida cities and major metros along the East Coast. Fort Pierce benefits from a robust highway network anchored by Interstate 95, US 1, Florida’s Turnpike, and State Road 70 (Okeechobee Road), all within convenient driving distance of Booker Street. I 95 and Florida’s Turnpike converge at Fort Pierce just south of their respective interchanges with SR 70, while SR 70 and US 1 connect directly into downtown Fort Pierce.

DREAMLAND PARK COMMUNITY

Situated within the Dreamland Park area, the Portfolio is proximate to MLK Jr. Dreamland Park, a community green space with ballfields, basketball courts, playground equipment, shaded picnic areas, pavilions, and an interactive splash/water play feature that serves as a focal amenity for local families.

This concentration of neighborhood-oriented recreation and family-friendly open space enhances the appeal of nearby residential properties, particularly for households seeking affordable rental housing with walkable outdoor amenities.

AREA AMENITIES & DEMAND DRIVERS

Dreamland Park already contains an established base of rental housing, as reflected in apartment listings and multifamily communities marketed within the immediate area, signaling ongoing renter demand at workforce price points.

Fort Pierce functions as a regional employment node along the Treasure Coast, with job bases in government, education, healthcare, logistics, and marine-related industries clustered in and around the city.

The Dreamland Park area sits a short drive from downtown Fort Pierce’s civic and commercial core, the working waterfront and port-related industrial areas, and major highway corridors (I 95, Florida’s Turnpike, US 1, and SR 70), which connect residents to large employment centers in St. Lucie County and to broader regional job markets in places such as Port St. Lucie, Vero Beach, and the greater South Florida corridor.

UPSIDE POTENTIAL

In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 13,400 people live within 1 mile of the Property with an average household income of $42,200. Over 49,800 people reside within 3 miles of the Property with an average household income of $63,792.

QUALITY OF LIFE AMENITIES

The broader Dreamland Park submarket offers access to grocery, convenience, and restaurant options within a short drive, with online housing and neighborhood profiles noting multiple grocery stores and numerous cafés and restaurants serving the area.

This mix of neighborhood retail and services reduces travel time for errands and day to-day needs, a factor that typically strengthens renter appeal for working households and families.

Nearby dining options include a range of local and chain restaurants concentrated along main Fort Pierce corridors and downtown, such as 12A Buoy, Cobb’s Landing Restaurant, Captain’s Galley Restaurant, Costa Azul Mexican Restaurant, Sunrise City Cafe, and Taco Dive, which collectively offer seafood, American, Mexican, and casual fare.

Listing Contacts

Horvath & Tremblay
KF
Fl : BK672851, FL: BK672851
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$109,793.00
$9,149.42/mo

Valuation Metrics

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DSCR
7.32%
Cap Rate
7.32%
ROI

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Additional Information

Name
ETHAN COLE
License
BK3382287
Title
Broker of Record
Name
Alejandro Gonzalez
License
SL3249949
Brokerage
Horvath & Tremblay
Brokerage Phone
9546783780
Brokerage Address
200 East Las Olas Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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