Three-Unit Triplex
For Sale
$455,000
301 Preston Court, Fort Pierce, FL 34950
MULTI_FAMILY - Fort Pierce, FL
Property Size2,361 SF
Lot Size0.32 Acres
Price / SF$192.71
Days on Market53
Property Features for 301 Preston Court
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Medium Den
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
Patio and Porch features
Porch, Patio
Pets allowed
No, Yes
Exterior features
Storage
Subdivision
HOME PLACE SUBDIVISION
Lot features
Corner Lot
Standard status
Active
APN
240980800070000
Size
2,361 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOME PLACE S/D BLK 2 LOTS 1 AND 2
Tax Annual Amount
5795
Legal Description
HOME PLACE S/D BLK 2 LOTS 1 AND 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
4
Flooring type
Terrazzo
Building materials
Concrete
Roof type
Composition, Shingle
Additional Structures
Storage
Listing Agency:
Rays Real Estate Services, Inc
(772) 460-1601
Listed By:
Philippe J Alexander · License #3031254
(772) 370-4639
Added: Jun 9
Changed: Jul 29
Last Checked: Jul 31 at 4:06PM
MLS# B26039050
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.
The property is a three-unit triplex offering three income-producing residential units under one ownership. The listing data indicates a total building size of 2,361 square feet on a 0.32-acre lot. It is presented as a residential income property currently occupied by long-term, established tenants.
Situated in Fort Pierce, Florida in St. Lucie County, the offering is described as being in the heart of Fort Pierce. The remarks also note proximity to beaches, restaurants, shopping, and local attractions, supported only at a general level in the provided information. Zoning is listed as “Medium Den.”
For buyers seeking a small multifamily acquisition, this configuration can appeal for its three separate rental units and current tenant occupancy. The presence of long-term tenants may be of interest to an owner-operator or investor looking for a property that is already functioning as a rental asset. As provided, the offering focuses on unit count, tenant tenancy length, and the practical nature of acquiring occupied residential income housing in Fort Pierce.
Situated in Fort Pierce, Florida in St. Lucie County, the offering is described as being in the heart of Fort Pierce. The remarks also note proximity to beaches, restaurants, shopping, and local attractions, supported only at a general level in the provided information. Zoning is listed as “Medium Den.”
For buyers seeking a small multifamily acquisition, this configuration can appeal for its three separate rental units and current tenant occupancy. The presence of long-term tenants may be of interest to an owner-operator or investor looking for a property that is already functioning as a rental asset. As provided, the offering focuses on unit count, tenant tenancy length, and the practical nature of acquiring occupied residential income housing in Fort Pierce.
Key Highlights
- 3‑unit property with established, long‑term tenants
- Year built 1955 with concrete construction
- Public utilities include public water and public sewer
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 | $52.4k | $22.20 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $49.5k | $20.98 |
| − OpEx | −$14.9k | −$6.29 |
| NOI | $34.7k | $14.69 |
2,361 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$495.3K
$433.4K – $577.9K
NOI $34,672 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$459.9K
$402.4K – $536.5K
NOI $32,191 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$593.8K
$519.5K – $692.7K
NOI $41,563 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,137
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 - Well-maintained three-unit triplex with long-term tenants, offering an owner the option to acquire occupied rental housing.
Where is this triplex located?
The property is located at 301 Preston Court Fort Pierce, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 3‑unit property with established, long‑term tenants; Year built 1955 with concrete construction; Public utilities include public water and public sewer
