Fenced Triplex
For Sale
Under Contract
$699,999
151 SW 15th Street, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size1,982 SF
Price / SF$353.18
Days on Market243
Property Features for 151 SW 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-20
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3
Subdivision
Westfield Sec B Resub Por
Directions
GPS
Standard status
Active Under Contract
APN
494202260140
Size
1,982 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WESTFIELD SEC B RESUB POR PARCEL A 74-44 B LOT 14
Tax Annual Amount
12502
Legal Description
WESTFIELD SEC B RESUB POR PARCEL A 74-44 B LOT 14
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
Composition, Shingle
Listing Agency:
Pompano Beach Realty Cor.
(754) 529-6000
Listed By:
Roxanne Hall · License #3410168
(305) 468-7000
Added: Jan 23
Changed: Sep 20
Last Checked: Sep 23 at 12:06AM
MLS# F10548213
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 contains three separate residential units, each with living space, bedrooms, and a kitchen with an eat-in area. The two-bedroom unit includes its own fenced yard. The property is fully fenced and was built in 1972 with CBS construction, tile flooring, central heating, central air, and ceiling fans.
Located in Pompano Beach within Broward County, the property has public sewer service and cable availability. Its RM-20 zoning and three-unit configuration support its classification as a residential income asset. The property is offered for sale on a cash-only basis.
Located in Pompano Beach within Broward County, the property has public sewer service and cable availability. Its RM-20 zoning and three-unit configuration support its classification as a residential income asset. The property is offered for sale on a cash-only basis.
Key Highlights
- Three separate residential units in a 1,982‑square‑foot triplex
- Two‑bedroom unit includes a private fenced yard
- Fully fenced property with CBS construction
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
4.73%
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 4.73%
Second Best
Apartment 5plus
$434.9K
$380.6K – $507.4K
NOI $30,446 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Three-unit residential income property with central cooling, tile flooring, and a private fenced yard serving the two-bedroom unit.
Where is this triplex located?
The property is located at 151 SW 15th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Three separate residential units in a 1,982‑square‑foot triplex; Two‑bedroom unit includes a private fenced yard; Fully fenced property with CBS construction
