CBS Triplex on Corner
For Sale
$433,000
1111 N 21st Street, Fort Pierce, FL 34950
MULTI_FAMILY - Fort Pierce, FL
Property Size1,908 SF
Lot Size0.32 Acres
Price / SF$226.94
Days on Market138
Property Features for 1111 N 21st Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Medium
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5
Patio and Porch features
Patio, Porch
Pets allowed
Yes, No
Subdivision
SUNNY ACRES SUBDIVISION
Standard status
Active
APN
240470200230008
Size
1,908 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNNY ACRES S/D NO 1 BLK 3 LOTS 2 AND 4 AND E 5 FT OF VAC ALLEY ADJ ON W (OR 1497-2880)
Tax Annual Amount
4250
Legal Description
SUNNY ACRES S/D NO 1 BLK 3 LOTS 2 AND 4 AND E 5 FT OF VAC ALLEY ADJ ON W (OR 1497-2880)
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
CBS, Stone, Stucco
Roof type
Composition
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Added: Mar 16
Changed: Jul 30
Last Checked: Jul 31 at 5:06PM
MLS# B26002803
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.
Well-positioned for an owner-operator or income-focused buyer, this CBS triplex sits on a corner lot in a quiet neighborhood next to Lincoln Park Academy. The layout includes a 3/1 unit, two 2/1 units, and one 1/1 unit, with two units leased monthly and one unit currently vacant for a tenant of your choosing.
The property is approximately 1,908 square feet on a 0.32-acre lot and was built in 1956. Exterior materials include CBS with stone and stucco, and the roof is composition. Tile flooring is listed throughout, and cooling is provided via window and wall/window units. Outdoor space includes a porch and patio.
Public utilities are available, with public water and public sewer connected. The property is described as minutes to downtown and beaches, supporting a convenient day-to-day lifestyle.
The property is approximately 1,908 square feet on a 0.32-acre lot and was built in 1956. Exterior materials include CBS with stone and stucco, and the roof is composition. Tile flooring is listed throughout, and cooling is provided via window and wall/window units. Outdoor space includes a porch and patio.
Public utilities are available, with public water and public sewer connected. The property is described as minutes to downtown and beaches, supporting a convenient day-to-day lifestyle.
Key Highlights
- CBS triplex on a corner lot next to Lincoln Park Academy
- Two units leased monthly; one 1 unit vacant for a tenant of your choosing
- 3/1, 2/1, and 1/1 unit mix
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $22.20 |
| − Vacancy | −$2.3k | −$1.22 |
| EGI | $40.0k | $20.98 |
| − OpEx | −$12.0k | −$6.29 |
| NOI | $28.0k | $14.69 |
1,908 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.3K – $467.0K
NOI $28,020 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$371.6K
$325.2K – $433.6K
NOI $26,015 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$479.8K
$419.9K – $559.8K
NOI $33,588 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
234
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit CBS triplex with two leased units and one vacant on a corner lot next to Lincoln Park Academy.
Where is this triplex located?
The property is located at 1111 N 21st Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $433,000.
What are key features of this property?
This property features: CBS triplex on a corner lot next to Lincoln Park Academy; Two units leased monthly; one 1 unit vacant for a tenant of your choosing; 3/1, 2/1, and 1/1 unit mix
