Investment Overview

Marcus & Millichap is pleased to present the Louisiana Apartments, a 34-unit multifamily portfolio located at 3101–3210 Louisiana Avenue in Fort Pierce, Florida. Situated on 1.64 acres in a quiet residential neighborhood, the offering also includes a vacant parcel, providing both stable in-place income and future development potential. The portfolio is comprised of six concrete block buildings constructed between 1973 and 1977, totaling 36,074 gross square feet. The unit mix consists of eleven (11) two-bedroom/one-bathroom units averaging 875 square feet and twenty-three (23) three-bedroom/one-bathroom units averaging 1,050 square feet. Roofs on the pitched-shingle buildings were most recently replaced in 2017, while two of the flat-roof buildings have older roofs, presenting an opportunity for capital improvements. Property Details 3210 Louisiana Ave – 8 Units | 9,168 SF | Built 1977 3208 Louisiana Ave – 8 Units | 9,168 SF | Built 1977 3206 Louisiana Ave – 8 Units | 9,168 SF | Built 1975 3204 Louisiana Ave – 4 Units | 3,890 SF | Built 1974 3202 Louisiana Ave – 4 Units | 3,890 SF | Built 1974 3104 Louisiana Ave – 2 Units | 1,840 SF | Built 1973 3101 Louisiana Ave – Vacant Lot (included in sale) Located minutes from Downtown Fort Pierce, U.S. Highway 1, and I-95, the Louisiana Apartments benefit from strong rental demand driven by a growing workforce, port activity, and ongoing revitalization efforts in the city. The portfolio’s mix of large two- and three-bedroom units makes it well-suited for families, while the inclusion of the vacant lot offers an investor optionality for additional development or amenities. With limited multifamily supply in the immediate area and continued population growth along Florida’s Treasure Coast, the Louisiana Apartments present an attractive opportunity to acquire scale with value-add upside through interior renovations, roof replacements, and long-term redevelopment potential.