Six-Unit Apartment
For Sale
$899,900
2172 NE Poinciana Terrace, Jensen Beach, FL 34957
A two-story residence and a separate one-bedroom trailer provide six rentable units.
Property Size2,428 SF
Price / SF$370.63
Days on Market346
Property Features for 2172 NE Poinciana Terrace
General Information
Standard status
Active
Size
2,428 SF
Property subtype
Multi Family
Units
Unit Mix
2 x possible 2BR, 1 x efficiency, 2 x studio, 1 x 1BR trailer
Multifamily Units
6
Additional Details
Gross Income
$88,200
Taxes and HOA fees
Annual Taxes
$5,255
Building Details
Building Size
2,428 SF
Year Built
1942
Listing Agency:
Compass Florida LLC
Listed By:
Stacy M. Little · License #645077
(772) 263-0907
Source:
Rennyrealty
Added: Nov 25, 2025
Changed: Nov 2
Last Checked: Nov 4 at 8:49AM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
Built in 1942, this apartment property contains six rentable units across a two-story main residence and a separate trailer. The main building has five units: two possible two-bedroom apartments, a lower-level efficiency, and two upstairs studio apartments. The trailer is configured as a one-bedroom unit. Combined building area is 2,428 square feet.
The property is on a private dead-end street in Jensen Beach, Florida. Its mix of apartment and studio configurations, along with the separate one-bedroom unit, defines the existing rental layout.
The property is on a private dead-end street in Jensen Beach, Florida. Its mix of apartment and studio configurations, along with the separate one-bedroom unit, defines the existing rental layout.
Key Highlights
- Six rentable units across the main residence and a separate trailer
- 2,428 square feet of building area
- Two‑story main residence built in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,635
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,700
$592.7K
Cap Rate 7%
$423,357
$423.4K
Cap Rate 9%
$329,278
$329.3K
Market Conditions
NOI Build-Up for 2,428 SF
Gross rent
$57.7K $23.76/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$53.9K $22.19/SF
− OpEx
−$24.2K −$9.99/SF
NOI
$29.6K $12.21/SF
Area
Martin County, FL
Vacancy
6.60%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,700
Cap Rate 7%
$423,357
Cap Rate 9%
$329,278
Alternative Uses
Best Use
Apartment 5plus
$423.4K
$370.4K – $493.9K
NOI $29,635 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$637.9K
$558.1K – $744.2K
NOI $44,650 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
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Business Placement
Demographics for 34957, FL
22,955
Population
17,269
Households
1.3
Avg Household Size
59
Median Age
39%
College-Educated
94%
High-School Grad
16.4 sq mi
ZIP Area
1,400
Density / Sq Mi
$65,658
Median Household Income
$41,973
Median Earnings
$1,518
Median Rent
$378,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A two-story residence and a separate one-bedroom trailer provide six rentable units.
Where is this apartment building located?
The property is located at 2172 NE Poinciana Terrace Jensen Beach, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Six rentable units across the main residence and a separate trailer; 2,428 square feet of building area; Two‑story main residence built in 1942
