Six-Unit Apartment
For Sale
$899,900
2172 NE Poinciana Terrace, Jensen Beach, FL 34957
MULTI_FAMILY - Jensen Beach, FL
Property Size2,428 SF
Lot Size0.32 Acres
Price / SF$370.63
Days on Market261
Property Features for 2172 NE Poinciana Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
0812 MULTI FAM
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5
Subdivision
6030 - Jensen Beach/Stuart - North of Roosevelt Br
Standard status
Active
APN
223741016000000805
Size
2,428 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROYAL POINCIANA COTTAGES UNREC BEG 909.83' S OF NW COR GOV LOT 3 & E 300' FOR BEG E 138.49' N 101.24' W 138.49' & S TO
Tax Annual Amount
5256
Legal Description
ROYAL POINCIANA COTTAGES UNREC BEG 909.83' S OF NW COR GOV LOT 3 & E 300' FOR BEG E 138.49' N 101.24' W 138.49' & S TO
Utilities
Utilities
Propane
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1942
Floors in Building
2
Number of units
6
Flooring type
Tile - Ceramic
Roof type
Metal
Listing Agency:
Compass Florida LLC
(561) 285-4794
Listed By:
Stacy M. Little · License #645077
(772) 263-0907
Added: Nov 24, 2025
Changed: Aug 12
Last Checked: Aug 12 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This multifamily property contains 2,428 square feet on a 0.32-acre parcel and is arranged as six rentable units. The two-story main home includes two possible two-bedroom apartments, one lower-level efficiency, and two upstairs studio apartments. A separate one-bedroom trailer provides the sixth unit. Ceramic tile flooring, metal roofing, and window or wall/window unit cooling are included among the property features.
The property is located on NE Poinciana Terrace in Jensen Beach, Florida, on a private dead-end street. It carries 0812 MULTI FAM zoning and uses a septic tank and propane service. Built in 1942, the property offers an established multifamily configuration with a mix of apartment layouts and a detached trailer unit.
The property is located on NE Poinciana Terrace in Jensen Beach, Florida, on a private dead-end street. It carries 0812 MULTI FAM zoning and uses a septic tank and propane service. Built in 1942, the property offers an established multifamily configuration with a mix of apartment layouts and a detached trailer unit.
Key Highlights
- Six rentable units: five in the main home plus a separate one‑bedroom trailer
- 2,428 square feet on a 0.32‑acre lot
- Main home includes two possible 2‑bedroom apartments, an efficiency, and two studio apartments
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
$29,635
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
3.29%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story main home offers varied apartment configurations alongside a separate one-bedroom trailer.
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: five in the main home plus a separate one‑bedroom trailer; 2,428 square feet on a 0.32‑acre lot; Main home includes two possible 2‑bedroom apartments, an efficiency, and two studio apartments
