Apartment Community with Two
New
For Sale
$4,950,000
2275 NE 12TH Street, Pompano Beach, FL 33062
MULTI_FAMILY - Pompano Beach, FL
Property Size11,165 SF
Lot Size0.42 Acres
Price / SF$443.35
Days on Market5
Property Features for 2275 NE 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-20
Parking
25
Directions
North of Atlantic east of US 1 on 12th St
Subdivision
3232
Standard status
Active
APN
484330200090
Size
11,165 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FLORENCE VILLAS 42-8 B LOT 1 BLK 2
Tax Annual Amount
63687
Legal Description
FLORENCE VILLAS 42-8 B LOT 1 BLK 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1958
Floors in Building
2
Number of units
20
Flooring type
Tile
Building materials
CBS
Roof type
Composition
Listing Agency:
Nicklaus Vance
(561) 721-2626
Listed By:
Casey M Prindle · License #3223583
(786) 443-7203
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 1 at 2:06AM
MLS# B26057380
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 stabilized 20-unit multifamily property is constructed with CBS and is arranged across two buildings on two contiguous parcels totaling 18,112 square feet. The unit mix includes 18 one-bedroom units and 2 two-bedroom units. The community is positioned for lease renewals, with in-place rents described as somewhat below market, allowing for value-through-updating opportunities.
Located at 2275 NE 12TH Street in Pompano Beach, the site is east of Federal Hwy and is described as minutes to the beach and Intracoastal. The property is zoned RM-20.
The offering consists of both parcels and both buildings under a single community configuration, providing a consolidated portfolio of 20 apartment units within RM-20 zoning.
Located at 2275 NE 12TH Street in Pompano Beach, the site is east of Federal Hwy and is described as minutes to the beach and Intracoastal. The property is zoned RM-20.
The offering consists of both parcels and both buildings under a single community configuration, providing a consolidated portfolio of 20 apartment units within RM-20 zoning.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $328.3k | $29.40 |
| − Vacancy | −$16.4k | −$1.47 |
| EGI | $311.8k | $27.93 |
| − OpEx | −$140.3k | −$12.57 |
| NOI | $171.5k | $15.36 |
11,165 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.45M
$2.14M – $2.86M
NOI $171,511 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.81M – $5.08M
NOI $304,805 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 20-unit apartment community with CBS construction, arranged across two buildings on contiguous parcels.
Where is this apartment building located?
The property is located at 2275 NE 12TH Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $4,950,000.
