6-Unit Apartment
2172 NE Poinciana Terrace, Jensen Beach, FL 34957
For Sale
$899,900
Commercial Sale, Jensen Beach, FL
Property Size2,428 SF
Lot Size0.32 Acres
Price / SF$370.63
Days on Market353
Property Features for 2172 NE Poinciana Terrace
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
Compass Florida LLC
(561) 285-4794
Listed By:
Stacy M. Little · License FL #645077
(772) 263-0907
Added: Nov 24, 2025
Changed: Oct 29
Last Checked: Nov 11 at 1:06AM
MLS# R11143549
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.
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Investment Insights
Based on property information with market context.
This 2,428-square-foot apartment property on 0.32 acres includes six rentable units across a two-story main home and a separate one-bedroom trailer. The main residence contains two possible two-bedroom apartments, one lower-level efficiency, and two upstairs studio apartments. Interior features include ceramic tile flooring and wall or window unit cooling. The property was built in 1942 and has a metal roof.
Located at 2172 NE Poinciana Terrace in Jensen Beach, the property sits on a private dead-end street. Zoning is 0812 MULTI FAM. The site uses a septic tank and propane utilities, providing key infrastructure details for evaluating the existing multifamily configuration.
Located at 2172 NE Poinciana Terrace in Jensen Beach, the property sits on a private dead-end street. Zoning is 0812 MULTI FAM. The site uses a septic tank and propane utilities, providing key infrastructure details for evaluating the existing multifamily configuration.
Key Highlights
- Six rentable units, including five in the two‑story main home and one separate 1‑bedroom trailer
- 2,428 square feet on a 0.32‑acre parcel
- Main home includes two possible 2‑bedroom apartments, one efficiency, and two upstairs studio apartments
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
Office A
$697.6K
$610.4K – $813.9K
NOI $48,832 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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 - Two-story rental property with varied unit layouts, a separate trailer, and multifamily zoning in Jensen Beach.
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, including five in the two‑story main home and one separate 1‑bedroom trailer; 2,428 square feet on a 0.32‑acre parcel; Main home includes two possible 2‑bedroom apartments, one efficiency, and two upstairs studio apartments
