Fort Pierce Triplex Investment
204 17th N Street Fort Pierce, FL 34950
204 17th N Street, Fort Pierce, FL, 34950
$499,000
Pending
For Sale
$499,000
Pending
MULTI_FAMILY - Fort Pierce, FL
Property Size2,596 SF
Lot Size0.33 Acres
Days on Market141
Property Features for 204 17th N Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- Medium
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 4
- Standard status
- Pending
- APN
- 240951200170005
- Size
- 2,596 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- KILLER'S S/D BLK 2 LOTS 12 AND 13
- Tax Annual Amount
- 5359
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Cooling system
- Central Air, Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1941
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Laminate
- Building materials
- CBS, Stucco
- Roof type
- Composition, Metal
Listing Agency
Dalton Wade Inc
(888) 668-8283
260 1st Ave S Suite 200, St. Petersburg, FL
Listed by
Diego Pun Lay · License #3366247
(561) 708-0679
Added: Feb 27 Checked: Jul 18 at 5:06 am
MLS# R11167138
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 property, located in a growing area of Fort Pierce, Florida, offers immediate rental income potential. The property contains three units with renovated interiors, including updated kitchens and bathrooms, stylish flooring, and fresh paint. The building includes a mix of roofing materials, with two units covered by a metal roof and one unit featuring a shingle roof. The property is situated on a 0.33-acre lot. The building has a total area of 2596 square feet. The property is zoned for medium-density use. The location provides proximity to local amenities such as shopping, parks, and beaches. This property is positioned as a potential investment opportunity in the Fort Pierce market.
Key Highlights
- Three‑unit triplex built in 1941
- Updated interiors in each unit, including updated kitchens and bathrooms, plus fresh paint
- Laminate flooring throughout
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 | $57.6k | $22.20 |
| − Vacancy | −$3.2k | −$1.22 |
| EGI | $54.5k | $20.98 |
| − OpEx | −$16.3k | −$6.29 |
| NOI | $38.1k | $14.69 |
2,596 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.6K
$476.5K – $635.4K
NOI $38,123 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$505.6K
$442.4K – $589.9K
NOI $35,395 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$652.9K
$571.3K – $761.7K
NOI $45,700 @ 7.0% cap · market cap 9.16%
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 - Turnkey triplex in Fort Pierce with renovated interiors.
Where is this triplex located?
The property is located at 204 17th N Street Fort Pierce, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1941; Updated interiors in each unit, including updated kitchens and bathrooms, plus fresh paint; Laminate flooring throughout
