About This Property

Rare opportunity to acquire a vacant triplex investment property in the Golden Gate neighborhood of Stuart, offering immediate lease-up potential and rental upside. The property features three 1BR / 1BA units within a two-story building constructed in 1990 on an approximately 0.202 acre lot. Each unit offers an efficient floor plan with living area, kitchen, bedroom, and bath—well suited for long-term workforce housing tenants. The practical layouts support durable ownership and manageable operating costs. A newer roof adds long-term value and may help reduce near-term capital expense concerns. Because the property is currently fully vacant, the new owner can set market rents immediately and select new tenants, providing full operational control without inherited leases. Comparable rents for 1BR units in the area indicate solid income potential once stabilized. Located in the Golden Gate area of Stuart, the property benefits from convenient access to US-1, downtown Stuart, shopping, parks, and local employment centers, supporting steady rental demand for affordable housing in Martin County. Opportunities to acquire small multifamily properties in Stuart are very limited, particularly with three units under one roof and immediate leasing flexibility. This property presents a compelling opportunity for investors seeking stable rental income and the ability to execute a clean lease-up strategy in a strong rental market.

Key Features

• Built in 1990

Property Details

• Type: Single Family Home
• Year Built: 1990
• Sq Ft: 1,486
• Price / Sq Ft: $309
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1990
• Status: Active
• MLS Number: 1154640350
• Days on Market: 41
• Listed By: MLS Listing
• Zip Code: 34997