Triplex with Mixed Unit
New
For Sale
$225,000
918 N 10TH Street, Fort Pierce, FL 34950
Residential Income, Fort Pierce, FL
Property Size1,096 SF
Lot Size0.15 Acres
Price / SF$205.29
Days on Market6
Property Features for 918 N 10TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Medium Den
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Pets allowed
No, Yes
Subdivision
ASSESSOR'S MAP OF N PART OF FORT PIERCE
Standard status
Active
APN
240370500140008
Size
1,096 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ASSESSOR`S MAP OF N PART OF FT PIERCE N 1/2 OF W 1/2 OF W 228.2FT OF LOT 10 BLK A -LESS W 25 FT AND LESS S 5 FT OF W 70 FT-
Tax Annual Amount
2991
Legal Description
ASSESSOR`S MAP OF N PART OF FT PIERCE N 1/2 OF W 1/2 OF W 228.2FT OF LOT 10 BLK A -LESS W 25 FT AND LESS S 5 FT OF W 70 FT-
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Frame, Stucco
Roof type
Composition
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Added: Sep 18
Changed: Sep 22
Last Checked: Sep 23 at 3:06AM
MLS# B26078273
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1947 triplex contains 1,096 square feet on a 0.15-acre lot, with a 2/1 unit, a 1/1 unit, and an efficiency. The building uses frame and stucco construction, tile flooring, composition roofing, and window or wall/window unit cooling. Public water and public sewer serve the property, which is designated Medium Den for zoning.
Located at 918 N 10th Street in Fort Pierce, the property is described as close to downtown and the beaches. The three-unit configuration provides distinct residential layouts within a compact multifamily asset.
Located at 918 N 10th Street in Fort Pierce, the property is described as close to downtown and the beaches. The three-unit configuration provides distinct residential layouts within a compact multifamily asset.
Key Highlights
- Triplex with 2/1, 1/1, and efficiency unit mix
- 1,096 square feet on a 0.15‑acre lot
- Frame and stucco construction with composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,095
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,900
$321.9K
Cap Rate 7%
$229,929
$229.9K
Cap Rate 9%
$178,833
$178.8K
Market Conditions
NOI Build-Up for 1,096 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.3K $22.20/SF
− Vacancy
−$1.3K −$1.22/SF
EGI
$23.0K $20.98/SF
− OpEx
−$6.9K −$6.29/SF
NOI
$16.1K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$321,900
Cap Rate 7%
$229,929
Cap Rate 9%
$178,833
Alternative Uses
Best Use
Multifamily LT 5
$229.9K
$201.2K – $268.3K
NOI $16,095 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$213.5K
$186.8K – $249.1K
NOI $14,943 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$275.6K
$241.2K – $321.6K
NOI $19,294 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 34950, FL
16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with varied floor plans, public utilities, and tile flooring.
Where is this triplex located?
The property is located at 918 N 10TH Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Triplex with 2/1, 1/1, and efficiency unit mix; 1,096 square feet on a 0.15‑acre lot; Frame and stucco construction with composition roof
