Multifamily Triplex with Mixed Unit
For Sale
$644,900
131 SW 15TH Street 1-3, Pompano Beach, FL 33060
Established multifamily asset with a mix of one- and two-bedroom apartments.
Property Size1,982 SF
Price / SF$325.38
Days on Market51
Property Features for 131 SW 15TH Street 1-3
General Information
Standard status
Active
Size
1,982 SF
Property subtype
Triplex
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,860
Building Details
Building Size
1,982 SF
Year Built
1972
Listing Agency:
Media Realty
Listed By:
Peter Dacko III · License #0600065
(954) 232-7714
Source:
Pamandtoni
Added: Sep 4
Changed: Oct 17
Last Checked: Oct 23 at 3:59PM
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 Media Realty
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Investment Insights
Based on property information with market context.
This triplex at 131 SW 15th St 1-3 in Pompano Beach includes one two-bedroom, one-bath apartment and two one-bedroom, one-bath apartments. The two one-bedroom units are leased, while the two-bedroom apartment is vacant and available for showings. Built in 1972, the property is located in the Lyons Park neighborhood.
Walk Score is 57, Bike Score is 48, and Transit Score is 36, reflecting somewhat walkable, somewhat bikeable, and some-transit conditions.
Walk Score is 57, Bike Score is 48, and Transit Score is 36, reflecting somewhat walkable, somewhat bikeable, and some-transit conditions.
Key Highlights
- Triplex with one 2/1 apartment and two 1/1 apartments
- Two one‑bedroom apartments are currently leased
- Two‑bedroom apartment is vacant and available for showings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,144
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
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
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 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 5.14%
Second Best
Apartment 5plus
$434.9K
$380.6K – $507.4K
NOI $30,446 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Established multifamily asset with a mix of one- and two-bedroom apartments.
Where is this triplex located?
The property is located at 131 SW 15TH Street 1-3 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $644,900.
What are key features of this property?
This property features: Triplex with one 2/1 apartment and two 1/1 apartments; Two one‑bedroom apartments are currently leased; Two‑bedroom apartment is vacant and available for showings
