6-Unit Apartment
For Sale
$899,900
2172 NE Poinciana Terrace, Jensen Beach, FL 34957
Commercial Sale, Jensen Beach, FL
Property Size2,428 SF
Lot Size0.32 Acres
Price / SF$370.63
Days on Market278
Property Features for 2172 NE Poinciana Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
0812 MULTI FAM
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 1, Bathroom 5, Bathroom 3
Subdivision
6030 - Jensen Beach/Stuart - North of Roosevelt Br
Standard status
Active
APN
223741016000000805
Size
2,428 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROYAL POINCIANA COTTAGES UNREC BEG 909.83' S OF NW COR GOV LOT 3 & E 300' FOR BEG E 138.49' N 101.24' W 138.49' & S TO
Tax Annual Amount
5256
Legal Description
ROYAL POINCIANA COTTAGES UNREC BEG 909.83' S OF NW COR GOV LOT 3 & E 300' FOR BEG E 138.49' N 101.24' W 138.49' & S TO
Utilities
Utilities
Propane
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1942
Floors in Building
2
Number of units
6
Flooring type
Tile - Ceramic
Roof type
Metal
Listing Agency:
Compass Florida LLC
(561) 285-4794
Listed By:
Stacy M. Little · License #645077
(772) 263-0907
Added: Nov 24, 2025
Changed: Aug 25
Last Checked: Aug 29 at 6:06PM
MLS# R11143549
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,428-square-foot apartment property on 0.32 acres includes six rentable units across a two-story main home and a separate one-bedroom trailer. The main residence contains two possible two-bedroom apartments, one lower-level efficiency, and two upstairs studio apartments. Interior features include ceramic tile flooring and wall or window unit cooling. The property was built in 1942 and has a metal roof.
Located at 2172 NE Poinciana Terrace in Jensen Beach, the property sits on a private dead-end street. Zoning is 0812 MULTI FAM. The site uses a septic tank and propane utilities, providing key infrastructure details for evaluating the existing multifamily configuration.
Located at 2172 NE Poinciana Terrace in Jensen Beach, the property sits on a private dead-end street. Zoning is 0812 MULTI FAM. The site uses a septic tank and propane utilities, providing key infrastructure details for evaluating the existing multifamily configuration.
Key Highlights
- Six rentable units, including five in the two‑story main home and one separate 1‑bedroom trailer
- 2,428 square feet on a 0.32‑acre parcel
- Main home includes two possible 2‑bedroom apartments, one efficiency, and two upstairs studio apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,700
$592.7K
Cap Rate 7%
$423,357
$423.4K
Cap Rate 9%
$329,278
$329.3K
Market Conditions
NOI Build-Up for 2,428 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.7K $23.76/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$53.9K $22.19/SF
− OpEx
−$24.2K −$9.99/SF
NOI
$29.6K $12.21/SF
Area
Martin County, FL
Vacancy
6.60%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,700
Cap Rate 7%
$423,357
Cap Rate 9%
$329,278
Alternative Uses
Best Use
Apartment 5plus
$423.4K
$370.4K – $493.9K
NOI $29,635 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$637.9K
$558.1K – $744.2K
NOI $44,650 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 34957, FL
22,955
Population
17,269
Households
1.3
Avg Household Size
59
Median Age
39%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
1,400
Density / Sq Mi
$65,658
Median Household Income
$41,973
Median Earnings
$1,518
Median Rent
$378,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story rental property with varied unit layouts, a separate trailer, and multifamily zoning in Jensen Beach.
Where is this apartment building located?
The property is located at 2172 NE Poinciana Terrace Jensen Beach, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Six rentable units, including five in the two‑story main home and one separate 1‑bedroom trailer; 2,428 square feet on a 0.32‑acre parcel; Main home includes two possible 2‑bedroom apartments, one efficiency, and two upstairs studio apartments
