Based on the local resonance theory, the vibration isolation performance of four-component periodic pile barriers consisting of a matrix, an outer pipe, an inner pipe, and a pile core was investigated using the finite element method (FEM). This configuration is contrasted with traditional three-component periodic pile barriers, which are composed of a matrix, a pipe, and a pile core. The four-component systems demonstrate significantly broader bandgaps compared to three-component systems. To validate the efficiency of the FEM, model test on pile barriers were conducted, facilitating a comparison between the FEM and experimental observations of bandgap characteristics. Additionally, the effects of the outer pipe’s density, elastic modulus, and thickness on the complete bandgap characteristics were comprehensively studied within the four-component structure. It is found that the broadest vibration isolation band gaps occur under hexagonal arrangement pattern. In square and hexagonal lattice configurations, the density, elastic modulus, and thickness of the outer pipe pile’s pile have predominantly influenced the upper bound frequency (UBF). There has been a positive correlation between the elastic modulus and the UBF, while the density and thickness have shown inverse relationships. Moreover, there exists a elastic modulus threshold, marking a transition in the displacement mode of the UBF, from the outer irreducible Brillouin zone (M or X) to the inner zone (Γ). Once the threshold is exceeded, both the vibration displacement mode and the width of bandgap remain substantially unchanged. The results obtained in the present paper are very useful for the design and application of periodic pile barriers in ambient vibration reduction.