Remodeled Duplex with Impact
For Sale
$699,000
209 NE 9th Street, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size1,650 SF
Price / SF$423.64
Days on Market424
Property Features for 209 NE 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-12
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4
Subdivision
TRIANGLE ADD TO POMPANO
Standard status
Active
APN
484235340130
Size
1,650 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
TRIANGLE ADD TO POMPANO 12-41 B LOT 23 S 100 LESS W 15,24 & 25 S 100,26 S 100 OF W 5 BLK 2
Tax Annual Amount
9796
Legal Description
TRIANGLE ADD TO POMPANO 12-41 B LOT 23 S 100 LESS W 15,24 & 25 S 100,26 S 100 OF W 5 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
hurricane Impact Windows
private washer and dryer
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle, Composition
Listing Agency:
RE/MAX Consultants Realty 1 · RE/MAX International
(954) 767-4667
Listed By:
Yale Eichner · License #3285795
(954) 600-5572
Added: Jul 23, 2025
Changed: Sep 13
Last Checked: Sep 19 at 2:06PM
MLS# F10516682
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 duplex contains 1,650 square feet across two residential units, each with a recently updated interior, hurricane impact windows, and its own washer and dryer. Block construction, vinyl flooring, central heating, and central air conditioning support the property’s functional configuration. The building was constructed in 1971 and includes a shingle and composition roof.
The property is within walking distance of Downtown Pompano Beach. It is zoned RM-12, served by public sewer, and has cable available. The layout includes four bedrooms and two bathrooms, providing a straightforward residential income configuration in Pompano Beach.
The property is within walking distance of Downtown Pompano Beach. It is zoned RM-12, served by public sewer, and has cable available. The layout includes four bedrooms and two bathrooms, providing a straightforward residential income configuration in Pompano Beach.
Key Highlights
- 1,650‑square‑foot duplex with two residential units
- Recently remodeled interiors in both units
- Hurricane impact windows installed
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
$27,592
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
3.95%
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%
$551,840
$551.8K
Cap Rate 7%
$394,171
$394.2K
Cap Rate 9%
$306,578
$306.6K
Market Conditions
NOI Build-Up for 1,650 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
$41.6K $25.20/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$39.4K $23.89/SF
− OpEx
−$11.8K −$7.17/SF
NOI
$27.6K $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%
$551,840
Cap Rate 7%
$394,171
Cap Rate 9%
$306,578
Alternative Uses
Best Use
Multifamily LT 5
$394.2K
$344.9K – $459.9K
NOI $27,592 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$362.1K
$316.8K – $422.4K
NOI $25,346 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$643.5K
$563.1K – $750.8K
NOI $45,045 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,133
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include individual laundry areas and central heating and cooling.
Where is this duplex located?
The property is located at 209 NE 9th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,650‑square‑foot duplex with two residential units; Recently remodeled interiors in both units; Hurricane impact windows installed
