Updated Triplex with Impact
For Sale
$655,000
Pending
131 SW 14th Court, Pompano Beach, FL 33060
MULTI_FAMILY - Pompano Beach, FL
Property Size1,982 SF
Days on Market178
Property Features for 131 SW 14th Court
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-20
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3
Subdivision
Westfield Sec B Resub Por
Elementary school
McNab
Middle school
Pompano Beach
High school
Blanche Ely
Standard status
Pending
APN
494202260070
Size
1,982 SF
Taxes and HOA fees
Tax Year
2023
Tax Description
WESTFIELD SEC B RESUB POR PARCEL A 74-44 B LOT 7
Tax Annual Amount
8969
Legal Description
WESTFIELD SEC B RESUB POR PARCEL A 74-44 B LOT 7
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1972
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
CBS
Roof type
Shingle, Composition
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jino Kuriakose · License #3285990
(954) 937-5651
Added: Feb 20
Changed: Aug 17
Last Checked: Aug 17 at 6:06PM
MLS# F10554146
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 1,982-square-foot triplex, built in 1972, is fully rented and configured with three bathrooms and four bedrooms. Recent improvements include interior and exterior paint, updated GE electrical panels, two new central A/C units, and impact windows throughout. CBS construction, tile flooring, central heating, central air, and ceiling fans are also included. The property is served by public sewer and has cable available.
Set on a quiet cul-de-sac, the property includes five assigned parking spaces. Pinecrest High School is two blocks away, while the beach is three miles from the property and Topgolf and Harrah's Casino are one mile away. RM-20 zoning applies.
Set on a quiet cul-de-sac, the property includes five assigned parking spaces. Pinecrest High School is two blocks away, while the beach is three miles from the property and Topgolf and Harrah's Casino are one mile away. RM-20 zoning applies.
Key Highlights
- Fully rented triplex with 1,982 square feet of building area
- Two new central A/C units and updated GE electrical panels
- All‑new impact windows plus fresh interior and exterior paint
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
$33,144
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
5.06%
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%
$662,880
$662.9K
Cap Rate 7%
$473,486
$473.5K
Cap Rate 9%
$368,267
$368.3K
Market Conditions
NOI Build-Up for 1,982 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
$49.9K $25.20/SF
− Vacancy
−$2.6K −$1.31/SF
EGI
$47.3K $23.89/SF
− OpEx
−$14.2K −$7.17/SF
NOI
$33.1K $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%
$662,880
Cap Rate 7%
$473,486
Cap Rate 9%
$368,267
Alternative Uses
Best Use
Multifamily LT 5
$473.5K
$414.3K – $552.4K
NOI $33,144 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$434.9K
$380.6K – $507.4K
NOI $30,446 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,275
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully rented three-unit property with five assigned parking spaces and RM-20 zoning.
Where is this triplex located?
The property is located at 131 SW 14th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Fully rented triplex with 1,982 square feet of building area; Two new central A/C units and updated GE electrical panels; All‑new impact windows plus fresh interior and exterior paint
