A rare opportunity to acquire a multifamily asset in the heart of Downtown Stuart. This offering consists of 8 units each with 2 BR and 1 BA. Solid CBS construction on the first floor with stucco over frame on the second floor. Over 7,100 sq ft under air. A great opportunity with 7% cap rate.
Multi-familyProperty Type
1979Year Built
0.54 acresLot Size
$140Price/Sq.Ft.
Listed by David Olsen• Keller Williams Realty Of The
Bought with David Olsen• Keller Williams Realty Of The
A rare opportunity to acquire a multifamily asset in the heart of Downtown Stuart. This offering consists of 8 units each with 2 BR and 1 BA. Solid CBS construction on the first floor with stucco over frame on the second floor. Over 7,100 sq ft under air. A great opportunity with 7% cap rate.
Beaches MLS #R10690468
Feb 26, 2021
Sold
$1,000,000
$140/sq ft
Feb 12, 2021
Pending
—
Feb 6, 2021
Listed
$995,000
$140/sq ft
MCRTC #M373115
Jul 25, 2015
Listing Removed
—
Dec 4, 2013
Listed
$950,000
$133/sq ft
Public Records
Aug 28, 1991
Sold
$247,500
$35/sq ft
Public Records
Aug 1, 1991
Sold
$275,000
$39/sq ft
Public Records
May 10, 1990
Sold
$496,900
$70/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$16,835 (+6.1%)
2024
$15,865 (−1.2%)
2023
$16,064 (+1.6%)
$111,060 + $749,670
$860,730
2022
$15,809 (+125.8%)
$111,060 + $741,660
$852,720
2021
$7,000 (−0.6%)
$111,060 + $248,940
$360,000
2020
$7,042 (−0.8%)
$111,060 + $248,940
$360,000
2019
$7,096 (+4.6%)
$111,060 + $248,940
$360,000
2018
$6,784 (+3.9%)
$111,060 + $248,940
$360,000
2017
$6,528 (−1.4%)
$114,470 + $231,130
$345,600
2016
$6,620 (−0.7%)
$114,000 + $231,600
$345,600
2015
$6,667 (+5.6%)
$114,000 + $231,600
$345,600
2014
$6,313
Tax history for 644 SW Cleveland Ave
Year
Property tax
Land + Additions
Assessment*
2025
$16,835 (+6.1%)
2024
$15,865 (−1.2%)
2023
$16,064 (+1.6%)
$111,060 + $749,670
$860,730
2022
$15,809 (+125.8%)
$111,060 + $741,660
$852,720
2021
$7,000 (−0.6%)
$111,060 + $248,940
$360,000
2020
$7,042 (−0.8%)
$111,060 + $248,940
$360,000
2019
$7,096 (+4.6%)
$111,060 + $248,940
$360,000
2018
$6,784 (+3.9%)
$111,060 + $248,940
$360,000
2017
$6,528 (−1.4%)
$114,470 + $231,130
$345,600
2016
$6,620 (−0.7%)
$114,000 + $231,600
$345,600
2015
$6,667 (+5.6%)
$114,000 + $231,600
$345,600
2014
$6,313
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
8
Stories
2
Lot width
—
Lot depth
—
Lot size
0.54 Acres
Year renovated
2010
Sq. Ft.
7,128
Year built
1979
Style
Multi-Family (5+ Unit)
County
Martin County
APN
05-38-41-001-000-00630-0
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
Property details
Interior
Virtual Tour Information
Bathroom Information
Bathrooms Total Integer: 4
Interior Features
Flooring: Carpet, Tile
Multi-Family Financial Information
# of Units Total: 4
Gross Income: $99,500
Net Operating Income: $73,000
Tenant Pays: Cable TV, Electricity
Pets Allowed: No
Number Of Units In Community: 8
Exterior
Building Information
Building Area Total: 8,344
Building Area Source: Public Records
Construction Materials: Frame, CBS
Exterior Features
Roof: Composition
Property Information
Property Sub Type: Quadruplex
Property Condition: Resale
Living Area: 7,128
Lot Information
Waterfront YN: No
Waterfront Features: None
Financial
Tax Information
Tax Annual Amount: $7,042.19
Tax Year: 2020
Parcel Number: 053841001000006300
Utilities
Utility Information
Water Source: Public
Electric: Three Phase
Sewer: Public Sewer
Utilities: Cable Available, Sewer Available, Water Available
Heating & Cooling
Has Heating
Heating: Central
Has Cooling
Cooling: Central Air
Location
HOA Information
Association Amenities: None
Location Information
Directions: US 1 to St. Lucie Crescent to Cleveland
Public facts
Beds: —
Baths: 8.0
Sq. Ft.: 7,128
Stories: 2.0
Lot Size: 0.54 acres
Style: Multi-Family (5+ Unit)
Year Built: 1979
Year Renovated: 2010
County: Martin County
APN: 05-38-41-001-000-00630-0
Home facts updated by county records on Jul 15, 2026
Around this home
Schools
J. D. Parker School Of Technology
Public PreK-5 • Assigned • 1.5mi
4/10
Stuart Middle School
Public 6-8 • Assigned • 0.8mi
6/10
Jensen Beach High School
Public 9-12 • Assigned • 3.2mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 17-25% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 24 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Stuart, FL • 34994
Average low and high temperatures (°F)
72
55
76
59
80
64
81
70
87
75
89
76
91
76
91
77
87
76
83
74
80
65
77
62
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.