Multifamily in Fort Pierce, FL 34950
Pinewood, 1109 Colonial Rd #A & B

Beds
1,600
SqFt
$174
$/SqFt
Entry-Level Multifamily
Built in 1925
Garden View
Outdoor Living Area
Now offered with exceptional seller financing at a below-market 5.5% interest rate with just 15% down! Whether you're looking to grow your investment portfolio or purchase your first income-producing property, this is an outstanding opportunity. This well-maintained duplex in Fort Pierce has been consistently occupied by the same reliable, on-time paying tenants since 2022, providing immediate rental income. Each unit has its own electric meter, with one shared water meter, plus a shared washer and dryer located behind the building. Recent improvements include a new roof (2020), most windows replaced (2021), renovated interiors in both units, including one with a newer kitchen and A/C units and the other featuring a brand-new bathroom. The most recent 4-point inspection reported no deficiences. A charming covered front porch adds to the property's historic character and curb appeal. Don't miss this turnkey investment opportunity!
MLS Number: B26055298
On Site: 58 Days
Updated: 6 Days ago
Page Views: 0

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: None, OutdoorLivingArea
      • View: Garden
      Interior, Heating and Cooling
      • Heating Description: None
      • Cooling Description: CeilingFans, WallWindowUnits
      Building and Construction
      • Floor Description: Tile,Wood
      • Construction Type: Duplex
      • Year Built: 1925
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2026-07-22T13:46:47.000-00:00
        • Pets Allowed: NoPetRestrictions, Yes
        Taxes, Fees & More
        • Taxes: 5220.12
        • Real Estate Taxes: 206184
        • Total Floors in Building: 1
        • Total Units in Building: 2
        • Total Units in Complex: 2

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        Price History

        Current
        $279K
        High
        $299K
        Low
        $279K
        Total Change
        -6.7%
        $301K$289K$277KJul 26Aug 26
        Date
        Event
        Price
        Change
        Price Per
        08/06/2026
        Price Reduced
        $279K
        -6.69%
        $174 ft2
        $1,877 m2
        07/22/2026
        Listed
        $299K
         
        $187 ft2
        $2,012 m2
        08/06/2026
        $279K
        Event
        Price Reduced
        Change
        -6.69%
        Price Per
        $174 ft2
        $1,877 m2
        07/22/2026
        $299K
        Event
        Listed
        Price Per
        $187 ft2
        $2,012 m2
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by Stacey RookRook Realty LLC • Buyer Agency Compensation .

        Listing Location & Street View
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        Scores

        Walk Score®
        Somewhat Walkable. Some errands can be accomplished on foot
        55

        100
        Bike Score®
        Bikeable. Some bike infrastructure
        69

        100
        Sound Score®
        Very loud
        69

        100
        Airport Score
        Close to airports. Noticeable airport activity
        0

        100
        Traffic Score
        Congested area. Frequent traffic delays
        35

        100
        Local Score
        Limited local amenities nearby
        1

        100
        Community Snapshot
        $279K – $500K
        Price Tier
        850 - 3,602
        SqFt Range
        1950
        Year Build
        1
        Total Floors

        Subdivision Amenities

        None
        Sidewalks

        Fort Pierce
        Entry-Level
        Entry-Level Homes & Condos