Incredible Triplex Opportunity in Fort Pierce!! <HIGHEST & BEST BY 5/31/2025> 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! <NO ASSIGNABLE CONTRACTS
For sale
Price cut: $3K (5/27)
$489,999
511 Texas Ct, Fort Pierce, FL 34950
8beds
3baths
2,835sqft
Est.:
Triplex, Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$173/sqft
$-- HOA
What's special
Brand-new metal roofsLuxurious durable tile flooringOpen functional layoutsIndividual climate controlMassive lotUpdated units
- 100 days
- on Zillow |
- 470 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: May 27, 2025 at 10:30am
Listing Provided by:
Ronald Ryder 305-302-9806,
RICHARD PETERS REALTY LLC 352-448-9712
Source: Stellar MLS,MLS#: TB8353000
Originating MLS: Pinellas Suncoast

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
Heating
- Wall Units / Window Unit
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Laundry Room
Features
- Ceiling Fan(s)
- Has fireplace: No
Interior area
- Total interior livable area: 2,835 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Sidewalk
Lot
- Size: 9,000 Square Feet
Details
- Parcel number: 240982300560005
- Zoning: MEDIUM DEN
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: CRAMERS ADD
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Fort Pierce
Financial & listing details
- Price per square foot: $173/sqft
- Tax assessed value: $249,100
- Annual tax amount: $6,939
- Date on market: 2/20/2025
- Listing terms: Cash,Conventional,FHA
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt, Concrete
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