Beachfront Triplex with Ocean
For Sale
Under Contract
$1,100,000
321 S Ocean Drive, Fort Pierce, FL 34949
ResidentialIncome, Fort Pierce, FL
Property Size2,448 SF
Price / SF$449.35
Days on Market95
Property Features for 321 S Ocean Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
,
Zoning description
Multiple
Parking
5
Parking features
Assigned
Window features
Blinds
Patio and Porch features
Porch
Interior features
ClosetCabinetry, KitchenIsland
Exterior features
Porch
Subdivision
Fort Pierce Bch
Lot features
Less Than Quarter Acre
View
Ocean
Elementary school district
St Lucie County Schools
Middle school district
St Lucie County Schools
High school district
St Lucie County Schools
Directions
Seaway Drive to A1A South/ Ocean Drive, Building is 800 ft on the right side of the road
Standard status
Active Under Contract
APN
240150101030007
Size
2,448 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
FT PIERCE BEACH S/D BLK 7 LOT 7
Tax Annual Amount
20023
Legal Description
FT PIERCE BEACH S/D BLK 7 LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Metal
Listing Agency:
Alex MacWilliam, Inc.
(772) 231-6509
Listed By:
Bill Baysura · License #3127176
(772) 713-5214
Added: Aug 1
Changed: Sep 5
Last Checked: Nov 3 at 3:06PM
MLS# 299018
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,448-square-foot triplex, built in 1983, contains three distinct residences. The second-floor apartment offers three bedrooms, two bathrooms, and ocean views. On the first floor, the property includes a two-bedroom, one-bath unit and a studio with a kitchenette. Interior features include tile flooring, central heating and central air, closet cabinetry, and a kitchen island.
The building sits directly across from beach access maintained by the City of Fort Pierce and is within 0.25 mile of the Fort Pierce Inlet. Construction includes concrete block with stucco finishes, while high-impact glass is installed throughout. The property also provides assigned parking, a porch, public water, public sewer, and a metal roof.
The building sits directly across from beach access maintained by the City of Fort Pierce and is within 0.25 mile of the Fort Pierce Inlet. Construction includes concrete block with stucco finishes, while high-impact glass is installed throughout. The property also provides assigned parking, a porch, public water, public sewer, and a metal roof.
Key Highlights
- 2,448 SF triplex built in 1983
- Unit mix includes 3BR/2BA, 2BR/1BA, and studio 1/1 with kitchenette
- Directly across from City of Fort Pierce‑maintained beach access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,950
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,000
$719.0K
Cap Rate 7%
$513,571
$513.6K
Cap Rate 9%
$399,444
$399.4K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$54.3K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$51.4K $20.98/SF
− OpEx
−$15.4K −$6.29/SF
NOI
$35.9K $14.69/SF
Area
St. Lucie County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,000
Cap Rate 7%
$513,571
Cap Rate 9%
$399,444
Alternative Uses
Best Use
Multifamily LT 5
$513.6K
$449.4K – $599.2K
NOI $35,950 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$476.8K
$417.2K – $556.3K
NOI $33,377 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$615.6K
$538.7K – $718.3K
NOI $43,095 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit income property with varied layouts, assigned parking, and beach access across from the building.
Where is this triplex located?
The property is located at 321 S Ocean Drive Fort Pierce, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,448 SF triplex built in 1983; Unit mix includes 3BR/2BA, 2BR/1BA, and studio 1/1 with kitchenette; Directly across from City of Fort Pierce‑maintained beach access
