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Pinnacle Real Estate Group – FL

1240 CARLTON Court, Fort Pierce, FL (MLS# B26056972)

1240 CARLTON Court, Fort Pierce, FL

$2,049,000
Property Type: Commercial Sale Square Footage: 4,400 Status: Active
Current Price: $2,049,000 List Date: 7/27/2026 Last Modified: 9/11/2026

Overview

Description

Excellent investment opportunity on South Hutchinson Island! This well-located five-plex at 1240 Carlton Court features five one-bedroom, one-bath residences with approximately 4,400 square feet of total living area and storage space on a spacious 0.34-acre lot. Built in 1981, the property offers strong income-producing potential in one of Fort Pierce's most desirable rental areas. Residents enjoy convenient access to beautiful beaches, the Indian River Lagoon, restaurants, shopping, marinas and nearby downtown Fort Pierce. An outstanding opportunity for investors seeking multiple rental units, long-term appreciation and an island location with year-round tenant appeal. Buyer to verify all measurements, unit details and financial information.

Listing Details MLS# B26056972

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Number Of Units Total
5
Price Per Unit
420000
Occupant Type
Tenant
Building Area Main
4400
Building Area Source
Appraiser
Adjusted Area Main
880
Year Built
1981
Parking Total
8
Lot Size Area
14810
Lot Size Acres
0.34
Accessibility Features YN
Yes
Stories Total
Yes
Stories
Yes
Leasable Area
4400

Property Features

Building Features: Exterior Lighting; Storage Business Type: Rental Documents Available: Investment Analysis Electric: Separate Meters Flooring: Laminate; Tile; Wood Foundation Details: Slab Heating: Central; Central Individual Location of Property: Beach Access; City Location; In Residential Area; Near Airport; Near Business Park; Near Industrial Park; Near School; Near Seaport; Subdivision Parking Features: Assigned; Guest Possession: Close Of Escrow Property Condition: Resale; Updated/Remodeled Sale Includes: Building; Fixtures; Land Special Listing Conditions: Standard Zoning Information: Use Conforms To Zoning Tenant Pays: Cable TV; Maintenance; Sewer; Trash Collection; Water Construction Materials: Concrete Block - With Stucco; Stucco Cooling: Ceiling Fan(s); Central Individual Listing Terms: Cash; Conventional Lot Features: Landscaped Road Frontage Type: City Street Traffic Type: Light Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Concrete; Tile Security Features: None Sewer: Public Sewer Special Information: Flood Zone; Sold As-Is Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Call Listing Agent; Schedule Online; Sign On Property; Text Listing Agent Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
2100000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
St. Lucie
Street Number
1240
Street Name
CARLTON
Street Suffix
Court
Municipality Type
Incorporated
State Or Province
FL
Postal Code
34949
Postal Code +4
3061
Area
7010
Geographic Area
SL09
Parcel Number
240160100261001
Zoning
HI Medium
Flood Zone
AE
Directions
Seaway Drive east to Carlton Ct. turn right property is on your left
Building Name
1240
Property Description
MULTI UNIT

Financial Information

Tax Annual Amount
16729
Tax Year
2025
Tax Assessed/SOH Value
638493
Tax Legal Description
REVISED PLAT OF BLKS 17, 21 AND 22 FT PIERCE BEACH S/D BLK 21 LOTS 18 AND 19
Assessor Market Value
805000

Status Change Information

Major Change Timestamp
2026-09-11T17:06:42Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-11T17:06:42Z
Status Change Date
2026-07-27

More Information

Building and Property Details

# Of Tenants
5

Distance To Information

Miles to Expressway
7

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
5
Separate Gas Meters YN
No
Separate Water Meters YN
Yes
Number Of Separate Water Meters
5
Number Of Meters Total
5

Description of Unit Type 1

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 2

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 3

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 4

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Description of Unit Type 5

Unit Type
2 Bedroom
Full Baths
Yes
Furnished
No

Ceiling Fan Details

Number Of Ceiling Fans
3

Originating Details

Originating System Key
20260707174231379369000000
Originating System ID
M00000170
IDX
Listing Office: Southern Castles
Last Updated: September - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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