Remodeled Triplex Near
For Sale
$799,000
Pending
131 NE 19th Ave 1-3, Pompano Beach, FL 33060
Triplex with remodeled units near beach, restaurants, and shopping.
Property Size2,173 SF
Days on Market115
Property Features for 131 NE 19th Ave 1-3
General Information
Standard status
Pending
Size
2,173 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$13,296
Building Details
Building Size
2,173 SF
Year Built
1957
Units
2
Listing Agency:
Dynasty Realty Group Inc
(617) 816-8861
Listed By:
Christine A Ferrara · License #3238230
(617) 816-8861
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 23 at 11:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dynasty Realty Group Inc
Investment Insights
Based on property information with market context.
This triplex property offers an opportunity to own a residential income property within proximity to the beach, restaurants, and shopping. The property includes three units. Unit #1 features 2 bedrooms and 1 bathroom. Unit #2 is a studio with a full bathroom. Unit #3 offers 2 bedrooms and 1 bathroom. All units have been recently remodeled.
Key Highlights
- Walking distance to the beach, restaurants, and shopping.
- Triplex property offering multiple income streams or living options.
- All units have been recently remodeled.
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
$36,338
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
4.55%
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%
$726,760
$726.8K
Cap Rate 7%
$519,114
$519.1K
Cap Rate 9%
$403,756
$403.8K
Market Conditions
NOI Build-Up for 2,173 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
$54.8K $25.20/SF
− Vacancy
−$2.8K −$1.31/SF
EGI
$51.9K $23.89/SF
− OpEx
−$15.6K −$7.17/SF
NOI
$36.3K $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%
$726,760
Cap Rate 7%
$519,114
Cap Rate 9%
$403,756
Alternative Uses
Best Use
Multifamily LT 5
$519.1K
$454.2K – $605.6K
NOI $36,338 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$476.9K
$417.3K – $556.4K
NOI $33,381 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$847.5K
$741.5K – $988.7K
NOI $59,323 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,338
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
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 - Triplex with remodeled units near beach, restaurants, and shopping.
Where is this triplex located?
The property is located at 131 NE 19th Ave 1-3 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Walking distance to the beach, restaurants, and shopping.; Triplex property offering multiple income streams or living options.; All units have been recently remodeled.
