Fort Pierce Triplex on
1111 N 21st Street Fort Pierce, FL 34950
1111 N 21st Street, Fort Pierce, FL, 34950
$433,000
For Sale
$433,000
MULTI_FAMILY - Fort Pierce, FL
Property Size1,908 SF
Lot Size0.32 Acres
Price / SF$226.94
Days on Market125
Property Features for 1111 N 21st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- Medium
- Bedrooms
- 6
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 1
- Patio and Porch features
- Patio, Porch
- Pets allowed
- No, Yes
- 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
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
10752 Deerwood Park Blvd #100, Tampa, FL
Listed by
Ethan McAuliffe PA · License #3348418
(772) 359-0300
Added: Mar 16 Checked: Jul 18 at 1:06 am
MLS# B26002803
Listing URL
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 triplex is located on a corner lot in a quiet neighborhood next to Lincoln Park Academy in Fort Pierce, Florida. The property is a CBS construction and includes three units: one 3-bedroom/1-bathroom unit, one 2-bedroom/1-bathroom unit, and one 1-bedroom/1-bathroom unit. The property is situated on a 0.32-acre lot. The total property size is 1908 square feet. 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 intended use of the property is multi-family residential income.
Key Highlights
- 1956‑built 3/1, 2/1, and 1/1 CBS triplex on a corner lot in a quiet neighborhood
- Two units currently leased monthly; one unit is vacant for a tenant of your choosing
- Offered at an 8% CAP rate
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex in quiet neighborhood near downtown and beaches.
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: 1956‑built 3/1, 2/1, and 1/1 CBS triplex on a corner lot in a quiet neighborhood; Two units currently leased monthly; one unit is vacant for a tenant of your choosing; Offered at an 8% CAP rate
