Sold
Last Sold Price
8 beds4 baths7,128 sqft
644 SW Cleveland Ave, Stuart, FL 34994
Multi FamilyProperty Type
0.54 acresLot Size
1979Year Built
$140/sq ftPrice per sq ft

Description

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.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.
  • Listed by: David Olsen 772.634.1248 Dave@TheOlsenGroup.com Brokerage DRE #1025070 • Keller Williams Realty Of The Treasure Coast
Listing closed: 02/26/2021 12:00 AM • Source: Beaches MLS, MLS#: R10690472

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Recent comparable sales

Median sold price

$970,000

Avg days on market

178

Sale-to-list ratio

86.0%

Stuart, FL

9 comparable properties found

$785,000 | 514 Northwest Stuart Avenue, Stuart, FL 34994
1/49
1

$785,000

Sold 02/07/25

7
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4
Bathrooms
2,760
Square Feet
0.25
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2

$1,150,000

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Sold 09/22/25

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8
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6,538
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Unavailable
Acres
front view of a house with a street
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Sold 06/30/25

Unavailable
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a front view of a house with balcony
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Sold 01/14/26

3
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$915,000 | 53 Southeast Seminole Street, Unit 1A, Stuart, FL 34994
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Sold 05/06/26

3
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1,771
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1.26
Acres
$915,000 | 53 Southeast Seminole Street, Unit A, Stuart, FL 34994
1/76
7

$915,000

Sold 05/06/26

3
Bedrooms
1,771
Square Feet
Unavailable
Acres
$950,000 | 53 Southeast Seminole Street, Unit 2B, Stuart, FL 34994
1/32
8

$950,000

Sold 08/20/26

3
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1,932
Square Feet
1.26
Acres
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$3,500,000

Sold 08/06/26

Unavailable
Bedrooms
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6,956
Square Feet
Unavailable
Acres

Location

Listing Courtesy of Keller Williams Realty Of The Treasure Coast

Sold By Keller Williams Realty Of The Treasure Coast

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$5,925 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,339

Property Taxes

$587

HOA Dues

$0

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Property Information for 644 Southwest Cleveland Avenue

Property Details
  • Taxes: $7,042 / year
  • MLS Type: Residential Income / Quadruplex
  • Furnished: Unfurnished
  • Waterfront Details: None
  • Style: No Pool/No Water
  • Year Built Numeric: 1979
  • Pets Allowed YN: No
  • Subdivision: BESSEY ADDITION H W
Building Information
  • Stories: 2
  • Year Built: 1979
  • Lot Size: 0.54 AC / 23,522 SF
Summary
Location and General Information
  • Area: 6080 - Stuart - North of Indian St, 6080
  • City and Location Text: Stuart
  • County Land Code: Martin County
  • County Or Parish: Martin County
  • Geo Lat: 27.194456
  • Information Available: Accounting Statements, Copy Of Lease(s)
  • MLS Area: 6080 - Stuart - North of Indian St, 6080
  • MLS Sub Area: MRTC - Martin County, MRTC, Martin County, Martin County (6110;6140;6060;6080), MA08
  • Postal Code: 34994
  • State: FL
  • Street Direction Prefix: SW
  • Street #: 644
  • Subdivision Complex Bldg: BESSEY ADDITION H W
  • Complex Name: BESSEY ADDITION H W
  • Water Access: None
  • Zoning: Res
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: BESSEY ADD'N, LOTS 63 64 & 65 OR 364/1960
  • Parcel ID: 053841001000006300
  • Tax Information: City/County
  • Tax Year: 2020
  • Taxes: $7,042
  • Senior Community: No
Property
Lot Information
  • Acreage Description: 1/2 To Less Than 1 Acre Lot
  • Acres: 0.54
  • Approx Sqft Total Area: 8344
  • Property Condition: Resale
  • Sq Ft: 8344
  • Sq Ft Liv Area: 7128.0
  • Sq Ft Total: 8,344
  • Property Type: Residential Income, Quadruplex
Property and Assessments
  • Avail Docs: Accounting Statements, Copy Of Lease(s)
  • Construction Type: Quadruplex, Composition, Resale, CBS, Frame
  • Document Count: 3
  • Legal Description: BESSEY ADD'N, LOTS 63 64 & 65 OR 364/1960
  • Type: Quadruplex
  • Year Built Description: 1979
Utilities
  • Cable Available: Yes
  • Electric Service: Three Phase
  • On Site Utilities: Cable Available, Sewer Available, Water Available
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: No
  • Sewer Description: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: No
  • Construction: CBS, Frame
  • Exterior Features: None
  • Gated Community YN: No
  • Guest Accommodations: No
  • Roof: Composition
  • Roof Description: Composition
  • Subdiv Amenities: None
  • Storm Protection Details: None
Interior Features
  • Baths Total: 4
  • Column Description: CBS, Frame
  • Cooling: Central Air
  • Flooring: Carpet, Tile
  • Heating: Central
  • Heating Description: Central
  • Num Floors: 2
  • Numof Units: 4
Multi Family
Multi Family Information
  • Number of Stories: 2.0
  • Unit Count: 4
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $73,000.00
  • Income & Expenses: Annual Total Expense: $26,500.00
  • Income & Expenses: Gross Operating Inc: $99,500.00
  • Exp Incl Pool Service: No
  • Expense Amount: $26,500
  • Gross Operating Income: $73,000
  • Gross Rent Income: $99,500
  • Monthly Income: $99,500
  • Source of Expenses: Owner Provided
Unit Information
Unit 1
  • Appliances: Range, Refrigerator, Dryer, Washer
  • Parking Features: Parking Space
  • Actual Rent: $1,100.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 900.0
Unit 2
  • Appliances: Range, Refrigerator, Dryer, Washer
  • Parking Features: Parking Space
  • Actual Rent: $900.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 900.0
Unit 3
  • Appliances: Range, Refrigerator, Dryer, Washer
  • Parking Features: Parking Space
  • Actual Rent: $900.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 900.0
Unit 4
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Parking Features: Parking Space
  • Actual Rent: $.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 900.0
Rental
Rental Information
  • DXORIGMLNO: RML
  • Pets Allowed: No
  • Pets on Premises: No
  • Pets On Premises YN: No
  • Possession Information: Close Of Escrow
  • Rental Price/SqFt: $139.59
  • Tenant Pays: Cable TV, Electricity

Property History for 644 Southwest Cleveland Avenue

DateEvent & SourcePriceAppreciation
Feb 26, 2021

Sold (Public Record)

Public Record #693544746

$1,000,000—
Feb 26, 2021

Sold (Public Record)

Public Record #1454922917

$1,000,000—
Feb 26, 2021

Sold

Beaches MLS #R10690472

$1,000,000—
DateEvent & SourcePrice
02/26/2021

Sold (Public Record)

Public Record #693544746

$1,000,000
02/26/2021

Sold (Public Record)

Public Record #1454922917

$1,000,000
02/26/2021

Sold

Beaches MLS #R10690472

$1,000,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 644 Southwest Cleveland Avenue

Taxable ValueLand-Additions-Total-
Tax Record2024$15,865 ($1,322 / month)
Home Facts
Baths8Total Finished SqFt7,128 SqFtAbove Grade Finished SqFt7,128 SqFtStories2Lot Size23,392 SqFtStyleCemeteriesYear Built1979CountyMARTINAPN05-38-41-001-000-00630-0

Schools near 644 Southwest Cleveland Avenue

This home is within Martin County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
J. D. Parker School Of Technology
PublicPK to 5

Stuart Middle School
Public6 to 8

Jensen Beach High School
Public9 to 12

Martin County Acceleration Academies
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Of The Treasure Coast

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.