301 Preston Court, Fort Pierce, FL 34950
MULTI_FAMILY - Fort Pierce, FL
- Added:
- Jun 9, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 16 at 2:06 pm
Property Features for 301 Preston Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Medium Den
- Bedrooms
- 4
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2
- Patio and Porch features
- Patio, Porch
- Pets allowed
- No, Yes
- Exterior features
- Storage
- 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
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
- Shingle, Composition
- Additional Structures
- Storage
Listing agent Philippe J Alexander License #3031254 (772) 370-4639
Listing office Rays Real Estate Services, Inc 2670 Conifer Dr, Vero Beach, FL (772) 460-1601
Listing date Jun 9, 2026
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.
HighLights
- 3‑unit property with long‑term, established tenants
- Concrete construction with terrazzo flooring
- Year built 1955; shingle/composition roof
- Multiple window/wall A/C units and wall furnace heating
- Public water and public sewer; cable available
- Includes storage plus patio and porch
Overview
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.
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 | $52.4k | $22.20 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $49.5k | $20.98 |
| − OpEx | −$14.9k | −$6.29 |
| NOI | $34.7k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.336194
- Latitude
- 27.445352
