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Oceanfront Four-Unit Apartment Building
For Sale
$2,950,000

1156 S Ocean Dr, Fort Pierce, FL 34949

Boutique oceanfront apartment building with income potential in Fort Pierce.

Property Size4,504 SF
Lot Size0.29 Acres
Days on Market166

Property Features for 1156 S Ocean Dr

General Information

Standard status Active
Size 4,504 SF
Lot size 0.29 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $29,422

Building Details

Building Size 4,504 SF
Year Built 1975
Listing Agency: NAI Southcoast
Listed By: Reid Armor · License #SL3328981
Source: Elliman
Added: Mar 11 Changed: Aug 14 Last Checked: Aug 22 at 8:54AM

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 NAI Southcoast

Investment Insights

Based on property information with market context.

This boutique four-unit oceanfront apartment building is located in Fort Pierce and offers an opportunity for investors. The property is positioned on the sandy beaches and turquoise waters of the Atlantic Ocean. It comprises four renovated residences, each featuring 2 bedrooms and 2 bathrooms. Each unit is individually metered for water and electric, allowing for efficient utility management and flexible leasing arrangements. Investors can capitalize on multiple income strategies from short-term or vacation rentals to long-term leases or choose to reserve one oceanfront residence for personal use.

Key Highlights

  • Oceanfront property with direct beach access
  • Four renovated 2BR/2BA residences
  • Versatile income potential through short‑term or long‑term rentals

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Auto Repair Shop Pharmacy Grocery & Convenience Store Garden Center Skin Care Clinic Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

68
Businesses Nearby

Demographics for 34949, FL

8,027
Population
8,033
Households
1
Avg Household Size
65
Median Age
47%
College-Educated
96%
High-School Grad
9.4 sq mi
ZIP Area
854
Density / Sq Mi
$92,188
Median Household Income
$37,219
Median Earnings
$1,484
Median Rent
$427,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Boutique oceanfront apartment building with income potential in Fort Pierce.
Where is this quadplex located?
The property is located at 1156 S Ocean Dr Fort Pierce, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Oceanfront property with direct beach access; Four renovated 2BR/2BA residences; Versatile income potential through short‑term or long‑term rentals
More about this property
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