Renovated Triplex in Pompano
229 NW 12th Court Pompano Beach, FL 33060
For Sale
$799,999
MULTI_FAMILY - Pompano Beach, FL
Property Size2,072 SF
Price / SF$386.10
Days on Market314
Property Features for 229 NW 12th Court
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-20
Bedrooms
6
Rooms
Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Standard status
Active
APN
484235320770
Size
2,072 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
MONTICELLO PARK AMENDED PLAT 16-21 B LOT 5 BLK 6
Tax Annual Amount
7270
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
CBS, Stucco
Roof type
Composition, Shingle
Listing Agency:
Preferred Properties Int'l Rea
(561) 477-1193
Listed By:
Tiwana D Holmes · License #3345100
(954) 825-6789
Added: Sep 17, 2025
Changed: Jul 24
Last Checked: Jul 27 at 10:06AM
MLS# F10527020
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 recently renovated triplex is located in Pompano Beach. Each of the three units contains 2 bedrooms and 1 bathroom. The property offers modern upgrades, presenting an investment opportunity. Each unit features updated kitchens with new cabinetry and countertops, refreshed bathrooms, stylish flooring, and fresh paint throughout. The property is located minutes from the beach, shopping, dining, and major highways. The property is a turnkey investment with potential for cash flow in a rental market. The property size is 2072 square feet. All units are leased. Buildings 225, 229, 233 and 237 are available as a package.
Key Highlights
- Recently renovated triplex in the heart of Pompano Beach; each unit has 2 bedrooms and 1 bathroom
- All units leased
- Updated kitchens in each unit with new cabinetry and countertops
Financial Insights For Multifamily LT 5
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 | $52.2k | $25.20 |
| − Vacancy | −$2.7k | −$1.31 |
| EGI | $49.5k | $23.89 |
| − OpEx | −$14.8k | −$7.17 |
| NOI | $34.6k | $16.72 |
2,072 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$495.0K
$433.1K – $577.5K
NOI $34,649 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$454.7K
$397.9K – $530.5K
NOI $31,829 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,566 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Recently renovated triplex with modern upgrades, excellent investment opportunity.
Where is this triplex located?
The property is located at 229 NW 12th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Recently renovated triplex in the heart of Pompano Beach; each unit has 2 bedrooms and 1 bathroom; All units leased; Updated kitchens in each unit with new cabinetry and countertops
