Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2151 NE 42Nd Ct, Unit 237 Lighthouse Point, FL 33064

    View on Map
    Sponsored
    For Sale
    $200,000

    MULTI_FAMILY - Lighthouse Point, FL

    Property size:
    933 SF
    Days on Market:
    12
    Last Refresh:
    Mar 16 at 7:06 pm

    Property Features for 2151 NE 42Nd Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    484318NU0760
    Parking features
    Assigned
    Patio and Porch features
    Porch
    Interior features
    Bar, Bedroom Layout - Split
    Exterior features
    Balcony, Courtyard
    Fireplace
    1
    Accessibility
    Accessible Elevator Installed
    Appliances
    Dishwasher, Electric Range, Gas Range, Oven, Refrigerator, Water Heater, Water Purifier, Water Softener
    Size
    933 SF

    Taxes and HOA fees

    Expense value
    150
    Expense
    Application Fee
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Floors in Building
    2
    Flooring type
    Tile - Ceramic
    Building materials
    Block

    We can help!

    Listing Contact
    Ashley Sharp

    Prime Real Estate Collection, Inc. (954) 233-0683

    Listing agent Ashley Sharp (954) 233-0683 License #3426240

    Listing date Mar 4, 2026

    MLS# F10541964 Listing URL

    Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lighthouse Point Corner Unit

    This corner 2-bedroom, 2-bathroom residence is located in Lighthouse Point. The property features an open, split bedroom floorplan and an updated kitchen. The unit includes an extended screened balcony and impact windows. It is situated within a landscaped community. Community amenities include a pool, clubhouse, on-site maintenance, and a sporting/recreation area. A short-term guest rental apartment is available for visiting guests. The property is located 10 minutes from the beach and within walking/biking distance to the Water Taxi, Nauti Dog Cafe, and Marina. Furniture can be included. Quarterly fees cover cable, internet, water, reserves, and the 40-year inspection requirements completed in 2024. No new assessments are scheduled. The property is a residential income property with a size of 933 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lighthouse Point
    County
    Broward
    State
    Florida
    Longitude
    -80.093522
    Latitude
    26.284226

    Nearby Similar for Sale

    • $500,000

      Established Dry-Cleaning Business For Sale

      Profitable dry-cleaning business in Lighthouse Point with loyal clientele.
      5030 N Federal Hwy, Lighthouse Point, FL 33064
      View Details
    • $2,000,000
      5,533 SF

      Lighthouse Point Multifamily Investment

      Updated 8-unit property near beaches and shopping.
      2131 NE 40Th Ct, Lighthouse Point, FL 33064
      View Details
    • $2,000,000
      5,533 SF

      Lighthouse Point Fourplex Investment Opportunity

      Updated eight-unit residential income property near beaches and shopping.
      2131 NE 40Th Ct, Lighthouse Point, FL 33064
      View Details
    • $3,600,000
      6,390 SF

      Waterfront Multifamily Building in Lighthouse Point

      Waterfront 5-unit building with deep-water access and redevelopment potential.
      2735 NE 28Th Ct, Lighthouse Point, FL 33064
      View Details
    • New
      $975,000
      2,021 SF

      Lighthouse Point Duplex For Sale

      Duplex in Lighthouse Point with two 2BR/2BA residences.
      2461 NE 20Th Ave, Lighthouse Point, FL 33064
      View Details
    • $2,250,000
      2,910 SF

      Waterfront Fourplex with Dock

      Waterfront fourplex in Lighthouse Point with dock and rental income.
      3860 NE 23Rd Ave, Lighthouse Point, FL 33064
      View Details
    • New
      $169,000
      1,000 SF

      Remodeled Condo in Lighthouse Point

      Updated 2BR/2BA condo near amenities in Lighthouse Point, FL.
      2100 NE 38Th St, Lighthouse Point, FL 33064
      View Details
    • $150,000
      1,000 SF

      Lighthouse Point Co-op Unit

      Spacious first-floor unit in well-maintained 55+ community.
      2100 NE 38Th St, Lighthouse Point, FL 33064
      View Details
    • $154,000
      700 SF

      Renovated Unit in Lighthouse Point

      Turnkey, fully furnished renovated unit with resort-style amenities.
      2161 NE 42Nd Ct, Lighthouse Point, FL 33064
      View Details
    • $129,500

      Lighthouse Point Coop Opportunity

      Coop in desirable Lighthouse Point, all-age community, low maintenance.
      2161 NE 42Nd Ct, Lighthouse Point, FL 33064
      View Details
    • $155,000

      Lighthouse Point Condo with Pool

      First-floor, two-bedroom condo with direct pool access.
      2160 NE 36Th St, Lighthouse Point, FL 33064
      View Details
    • $239,000

      Remodeled Apartment Near the Beach

      Completely remodeled 2BR/2BA apartment in Lighthouse Point, Florida.
      2202 NE 36Th St, Lighthouse Point, FL 33064
      View Details

    FAQs

    What type of property is this?
    Residential income property - Sun-drenched 2BR/2BA condo in desirable Lighthouse Point community.
    Where is this residential income property located?
    The property is located at 2151 NE 42Nd Ct, Unit 237 Lighthouse Point, FL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Updated corner 2BR/2BA unit in desirable Lighthouse Point.; - Impact windows and extended screened balcony.; - Community amenities include pool, clubhouse, on-site maintenance, and recreation area.
    (561) 879-7428
    Request Owner's contact information
    2151 NE 42Nd Ct, Unit 237 Lighthouse Point, FL 33064
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2151 NE 42Nd Ct, Unit 237
    Lighthouse Point, FL 33064
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2151 NE 42Nd Ct, Unit 237 Lighthouse Point, FL 33064
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ashley Sharp
    Real Estate License ID: 3426240
    (561) 879-7428 (954) 233-0683
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!