Renovated Triplex with Updated
For Sale
$789,999
233 NW 12th Court, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size2,072 SF
Price / SF$381.27
Days on Market359
Property Features for 233 NW 12th Court
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-20
Bedrooms
6
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 2
Subdivision
Monticello Park Amd
Directions
Please use GPS.
Standard status
Active
APN
484235320760
Size
2,072 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
MONTICELLO PARK AMENDED PLAT 16-21 B LOT 4 BLK 6
Tax Annual Amount
6945
Legal Description
MONTICELLO PARK AMENDED PLAT 16-21 B LOT 4 BLK 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
3
Flooring type
Tile, Concrete, Vinyl
Building materials
Block, 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: Sep 10
Last Checked: Sep 10 at 8:06PM
MLS# F10527036
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 2,072-square-foot triplex, built in 1976, contains three units with an identical two-bedroom, one-bathroom configuration. Renovations include updated kitchens with new cabinetry and countertops, refreshed bathrooms, vinyl, concrete, and tile flooring, and fresh interior paint. Block and stucco construction, central heating, central air conditioning, and a composition shingle roof complete the core improvements. All units are leased.
The property is located in Pompano Beach, with beach access, shopping, dining, and major highways described as minutes away. It carries RM-20 zoning and is served by public water and public sewer. Cable is available, and the property is identified by the address 233 NW 12th Court.
The property is located in Pompano Beach, with beach access, shopping, dining, and major highways described as minutes away. It carries RM-20 zoning and is served by public water and public sewer. Cable is available, and the property is identified by the address 233 NW 12th Court.
Key Highlights
- 2,072‑square‑foot triplex with three two‑bedroom, one‑bathroom units
- All units leased
- Updated kitchens with new cabinetry and countertops
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
$34,649
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
4.39%
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%
$692,980
$693.0K
Cap Rate 7%
$494,986
$495.0K
Cap Rate 9%
$384,989
$385.0K
Market Conditions
NOI Build-Up for 2,072 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
$52.2K $25.20/SF
− Vacancy
−$2.7K −$1.31/SF
EGI
$49.5K $23.89/SF
− OpEx
−$14.8K −$7.17/SF
NOI
$34.6K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$692,980
Cap Rate 7%
$494,986
Cap Rate 9%
$384,989
Alternative Uses
Best Use
Multifamily LT 5
$495.0K
$433.1K – $577.5K
NOI $34,649 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$454.7K
$397.9K – $530.5K
NOI $31,829 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,566 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with three two-bedroom units, central cooling, and public water and sewer service.
Where is this triplex located?
The property is located at 233 NW 12th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $789,999.
What are key features of this property?
This property features: 2,072‑square‑foot triplex with three two‑bedroom, one‑bathroom units; All units leased; Updated kitchens with new cabinetry and countertops
