Remodeled Triplex with Private
For Sale
$1,075,000
1551 SE 23rd Avenue, Pompano Beach, FL 33062
MULTI_FAMILY - Pompano Beach, FL
Property Size2,675 SF
Price / SF$401.87
Days on Market198
Property Features for 1551 SE 23rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-20
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3
Pool private
1
Subdivision
Coral Park Rep 51-40 B
Directions
Please use GPS
Standard status
Active
APN
494307050060
Size
2,675 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL PARK REPLAT 51-40 B LOT 5 S 45,6 N 25 BLK 1
Tax Annual Amount
13103
Legal Description
CORAL PARK REPLAT 51-40 B LOT 5 S 45,6 N 25 BLK 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
fully furnished
private backyard
sparkling pool
Building Details
Year built
1965
Floors in Building
2
Number of units
3
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle, Composition
Listing Agency:
LoKation
(954) 545-5583
Listed By:
John Burgos · License #3254797
(954) 696-8303
Added: Jan 14
Changed: Jul 31
Last Checked: Jul 31 at 5:06PM
MLS# F10545634
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.
Remodeled triplex built in 1965 with block construction and a private pool. The property totals 2,675 square feet and is arranged as three separate units, including a main residence with three bedrooms and two bathrooms, plus a private backyard and pool. Two additional units each offer one bedroom and one bathroom, providing a separate setup within the same building.
Cooling is provided by wall/window and window unit(s), with vinyl flooring throughout. The roof is shingle/composition, and utilities include cable available with public sewer service.
Located east of US-1 in Pompano Beach, the property is positioned minutes from the sand, Intracoastal, dining, and shopping, supporting both owner-occupant use and short-term rental operation.
Cooling is provided by wall/window and window unit(s), with vinyl flooring throughout. The roof is shingle/composition, and utilities include cable available with public sewer service.
Located east of US-1 in Pompano Beach, the property is positioned minutes from the sand, Intracoastal, dining, and shopping, supporting both owner-occupant use and short-term rental operation.
Key Highlights
- Zoned RM‑20 triplex with fully furnished units
- 2,675 square feet total across three separate units
- Main residence: three bedrooms, two bathrooms, private backyard and pool
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.4k | $25.20 |
| − Vacancy | −$3.5k | −$1.31 |
| EGI | $63.9k | $23.89 |
| − OpEx | −$19.2k | −$7.17 |
| NOI | $44.7k | $16.72 |
2,675 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$639.0K
$559.2K – $745.6K
NOI $44,733 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$587.0K
$513.7K – $684.9K
NOI $41,092 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.04M
$912.9K – $1.22M
NOI $73,028 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
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 - Remodeled triplex zoned RM-20 featuring a private pool, fully furnished interiors, and a main 3-bedroom residence plus two 1-bedroom units.
Where is this triplex located?
The property is located at 1551 SE 23rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Zoned RM‑20 triplex with fully furnished units; 2,675 square feet total across three separate units; Main residence: three bedrooms, two bathrooms, private backyard and pool
