Triplex in Quiet
For Sale
$418,000
1111 N 21st St, Fort Pierce, FL 34950
CBS triplex on corner lot, near downtown and beaches.
Property Size1,908 SF
Price / SF$219.08
Days on Market191
Property Features for 1111 N 21st St
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,427
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Source:
Exprealty
Added: Apr 24
Changed: Oct 31
Last Checked: Oct 30 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
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Investment Insights
Based on property information with market context.
This CBS triplex is located on a corner lot in a quiet neighborhood, adjacent to Lincoln Park Academy. The property features three units: one 3-bedroom, 1-bathroom unit, one 2-bedroom, 1-bathroom unit, and one 1-bedroom, 1-bathroom unit. Two of the units are currently leased on a monthly basis, while one unit is vacant. The property is located minutes from downtown and beaches. The bike score is 57, indicating it is bikeable, and the walk score is 35, indicating car-dependent.
Key Highlights
- CBS Triplex: Durable construction offering long‑term value.
- Income Potential: Two units currently leased, providing immediate income.
- High CAP Rate: Offered at an 8% CAP rate, indicating strong investment return.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,020
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,400
$560.4K
Cap Rate 7%
$400,286
$400.3K
Cap Rate 9%
$311,333
$311.3K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$42.4K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$40.0K $20.98/SF
− OpEx
−$12.0K −$6.29/SF
NOI
$28.0K $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 Rate 5%
$560,400
Cap Rate 7%
$400,286
Cap Rate 9%
$311,333
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.3K – $467.0K
NOI $28,020 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$371.6K
$325.2K – $433.6K
NOI $26,015 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$479.8K
$419.9K – $559.8K
NOI $33,588 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
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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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - CBS triplex on corner lot, near downtown and beaches.
Where is this triplex located?
The property is located at 1111 N 21st St Fort Pierce, FL.
What is the asking price?
The asking price for this property is $418,000.
What are key features of this property?
This property features: CBS Triplex: Durable construction offering long‑term value.; Income Potential: Two units currently leased, providing immediate income.; High CAP Rate: Offered at an 8% CAP rate, indicating strong investment return.
