Beachside Triplex with Furnished
1128 HERNANDO STREET Fort Pierce, FL 34949
For Sale
$950,000
Triplex with three separate furnished units, including two covered porches and outdoor showers.
Property Size2,485 SF
Price / SF$382.29
Days on Market544
Property Features for 1128 HERNANDO STREET
General Information
- Standard status
- Active
- Size
- 2,485 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1983
Listing Agency:
COLDWELL BANKER COAST REALTY
(386) 216-7494
Listed By:
Jamie Hinson · License #3411265
(386) 216-7494
Source:
Exitrealty
Added: Jan 26, 2025
Changed: Jul 23
Last Checked: Jul 24 at 9:15AM
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 COLDWELL BANKER COAST REALTY
Investment Insights
Based on property information with market context.
This triplex includes three separate, independently usable living units. Two downstairs units are fully furnished, renovated 2-bedroom, 2-bathroom layouts with remodeled kitchens and bathrooms, updated cabinetry, tile work, appliances, fixtures, and granite countertops, along with luxury vinyl plank flooring. Unit C is a furnished studio with a bathroom update, new flooring, fresh paint, and a mini-split A/C. Multiple units have had mechanical and plumbing upgrades, including a new A/C unit for Unit A and new duct work and hot water heaters for Units A and B.
The property features two storage sheds with electricity (one with A/C) plus an under-the-stairs storage closet, and it has a private covered porch for each unit. The exterior has been freshly painted and includes two outdoor showers, one on each side of the home, and Unit C offers a partial ocean view from an upper deck. Located one block from the beach on North Hutchinson Island, the home is described as across the street from Surfside Park and South Beach Park, providing access to public beach and recreational amenities.
Currently operated as an active AirBNB property, the triplex can be used to rent all three units or for an owner-occupant to live in one unit while renting the others.
The property features two storage sheds with electricity (one with A/C) plus an under-the-stairs storage closet, and it has a private covered porch for each unit. The exterior has been freshly painted and includes two outdoor showers, one on each side of the home, and Unit C offers a partial ocean view from an upper deck. Located one block from the beach on North Hutchinson Island, the home is described as across the street from Surfside Park and South Beach Park, providing access to public beach and recreational amenities.
Currently operated as an active AirBNB property, the triplex can be used to rent all three units or for an owner-occupant to live in one unit while renting the others.
Key Highlights
- Triplex (3 separate units) built in 1983 with three furnished units and covered porches for each unit
- Two downstairs units (Units A & B): fully furnished, renovated 2BR/2BA mirrored layouts with remodeled kitchens and bathrooms
- Downstairs units include new luxury vinyl plank flooring, new duct work and hot water heaters (Units A and B), and new A/C for Unit A
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 | $55.2k | $22.20 |
| − Vacancy | −$3.0k | −$1.22 |
| EGI | $52.1k | $20.98 |
| − OpEx | −$15.6k | −$6.29 |
| NOI | $36.5k | $14.69 |
2,485 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$521.3K
$456.2K – $608.2K
NOI $36,493 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$484.0K
$423.5K – $564.7K
NOI $33,882 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$624.9K
$546.8K – $729.1K
NOI $43,746 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three separate furnished units, including two covered porches and outdoor showers.
Where is this triplex located?
The property is located at 1128 HERNANDO STREET Fort Pierce, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Triplex (3 separate units) built in 1983 with three furnished units and covered porches for each unit; Two downstairs units (Units A & B): fully furnished, renovated 2BR/2BA mirrored layouts with remodeled kitchens and bathrooms; Downstairs units include new luxury vinyl plank flooring, new duct work and hot water heaters (Units A and B), and new A/C for Unit A
