511 Texas Ct Fort Pierce, FL 34950
Downtown Fort Pierce NeighborhoodEstimated payment $3,363/month
Highlights
- No HOA
- Laundry Room
- Ceiling Fan
About This Home
Incredible Triplex Opportunity in Fort Pierce!!
Don’t miss out on this fantastic opportunity to own a well-maintained triplex in a rapidly appreciating neighborhood in Fort Pierce! Perfect for both investors and owner-occupants, this property offers tremendous potential with below-market rents and the chance to increase rental income. With three separate buildings sitting on a massive lot, this property is ideal for those seeking space, privacy, and a solid income-generating investment.
The triplex consists of three updated units, totaling 8 bedrooms and 3 bathrooms. Each unit has been meticulously maintained and features luxurious, durable tile flooring, including beautiful modern wood-style tile throughout. The units have open, functional layouts that offer a comfortable living experience for tenants, with kitchens that are as practical as they are stylish.
One of the standout features of this property is the brand-new metal roofs on all three units—installed less than a year ago—providing peace of mind for years to come. Additionally, the units are separately metered for both water and electricity, and tenants are responsible for their own utilities, which is a huge benefit for investors looking for a hassle-free investment.
The property has also had recent upgrades, including new re-piping for the water supply lines and replaced electrical boxes. Each unit has its own window AC unit for individual climate control. While the property has been well-kept, it still presents an opportunity for some cosmetic updates to increase its value even further.
With current rents of $1,000 for a 3-bed, $900 for a 2-bed, and $1,250 for a 3-bed unit, the property generates $3,150 per month in rental income. TOTAL RENTS ARE INCREASING ON JUNE 1st AS FOLLOWS: 509A raises to $1,250/month, 509B raises to $1,150/month, and 511 raises to $1,500/month
This property is ideal for investors looking to capitalize on a growing area or for an owner-occupant who wants to live in one unit while renting out the others. Located in a coveted neighborhood, with ample space for parking or storage, this triplex offers both value and opportunity.
Easy to show—schedule your viewing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,939
Year Built
- Built in 1905
Lot Details
- 9,000 Sq Ft Lot
Home Design
- Triplex
- Slab Foundation
- Metal Roof
- Vinyl Siding
Interior Spaces
- 2,835 Sq Ft Home
- Ceiling Fan
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- 3 Buildings
- 3 Units
- Cramers Add Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 11 / 6
- Assessor Parcel Number 24-09-823-0056-0005
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/13/2025 04/13/25 | Price Changed | $499,998 | -19.4% | $176 / Sq Ft |
| 04/11/2025 04/11/25 | Price Changed | $619,999 | +24.0% | $219 / Sq Ft |
| 03/31/2025 03/31/25 | Price Changed | $499,999 | -6.4% | $176 / Sq Ft |
| 03/25/2025 03/25/25 | Price Changed | $533,999 | -23.7% | $188 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $699,999 | +30.8% | $247 / Sq Ft |
| 03/16/2025 03/16/25 | Price Changed | $534,999 | -0.9% | $189 / Sq Ft |
| 03/16/2025 03/16/25 | Price Changed | $539,997 | 0.0% | $190 / Sq Ft |
| 03/08/2025 03/08/25 | Price Changed | $539,998 | 0.0% | $190 / Sq Ft |
| 03/06/2025 03/06/25 | Price Changed | $539,999 | -1.8% | $190 / Sq Ft |
| 02/26/2025 02/26/25 | Price Changed | $549,999 | -3.5% | $194 / Sq Ft |
| 02/24/2025 02/24/25 | Price Changed | $569,999 | -0.9% | $201 / Sq Ft |
| 02/20/2025 02/20/25 | Price Changed | $574,999 | -4.2% | $203 / Sq Ft |
| 02/20/2025 02/20/25 | For Sale | $599,999 | +100.0% | $212 / Sq Ft |
| 03/24/2023 03/24/23 | Sold | $300,000 | 0.0% | $106 / Sq Ft |
| 10/06/2022 10/06/22 | For Sale | $300,000 | +239.0% | $106 / Sq Ft |
| 05/19/2016 05/19/16 | Sold | $88,500 | -10.6% | $33 / Sq Ft |
| 04/19/2016 04/19/16 | Pending | -- | -- | -- |
| 11/05/2015 11/05/15 | For Sale | $99,000 | -- | $37 / Sq Ft |
Source: Stellar MLS
MLS Number: TB8353000
APN: 2409-823-0056-000-5
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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