Six-Unit Income Residential
For Sale
$899,900
2172 Poinciana Terrace, Jensen Beach, FL 34957
Six rentable units combine a two-story main home with a separate 1-bedroom trailer for diversified rental options.
Property Size2,428 SF
Price / SF$370.63
Days on Market276
Property Features for 2172 Poinciana Terrace
General Information
Standard status
Active
Size
2,428 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$5,256
Amenities
3
Building Details
Year Built
1942
Stories
2
Tenancy
Multi
Listing Agency:
Compass Florida LLC
(772) 263-0907
Listed By:
Stacy Little · License #3094748
(772) 263-0907
Source:
Xome
Added: Nov 21, 2025
Changed: Aug 23
Last Checked: Aug 23 at 11:01AM
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
Investment Insights
Based on property information with market context.
This offering includes six total rentable units: a two-story main home with five units and a separate 1-bedroom trailer. The main home features multiple living configurations, including two possible 2-bedroom apartments, one efficiency unit on the lower level, and two upstairs studio apartments. The separate trailer provides an additional 1-bedroom rental unit. The property is presented as income-producing residential housing with gross monthly rents reported at $7,350.
The asset is located minutes from Downtown Jensen Beach and sits on a private dead-end street, creating a quieter residential setting. The overall layout supports multiple independent rental spaces within the main structure while keeping the trailer as a separate rental component.
For investors or owner-operators seeking a small, manageable multifamily structure, the mix of efficiencies, studios, and 2-bedroom options may appeal to a range of tenant profiles. The separate trailer adds an additional income stream outside the main home’s unit mix. With the property positioned for convenient access to Downtown Jensen Beach, it may also fit buyers looking for a straightforward rental setup within an established residential area.
The asset is located minutes from Downtown Jensen Beach and sits on a private dead-end street, creating a quieter residential setting. The overall layout supports multiple independent rental spaces within the main structure while keeping the trailer as a separate rental component.
For investors or owner-operators seeking a small, manageable multifamily structure, the mix of efficiencies, studios, and 2-bedroom options may appeal to a range of tenant profiles. The separate trailer adds an additional income stream outside the main home’s unit mix. With the property positioned for convenient access to Downtown Jensen Beach, it may also fit buyers looking for a straightforward rental setup within an established residential area.
Key Highlights
- Income‑producing property built in 1942 with 6 rentable units across a two‑story main home plus a separate 1‑bedroom trailer
- Gross monthly rents total $7,350 for the 6 rental units
- Main home includes 5 units: two possible 2‑bedroom apartments, one lower‑level efficiency, and two upstairs 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
Multi-tenant
Tenancy
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 - Six rentable units combine a two-story main home with a separate 1-bedroom trailer for diversified rental options.
Where is this apartment building located?
The property is located at 2172 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: Income‑producing property built in 1942 with 6 rentable units across a two‑story main home plus a separate 1‑bedroom trailer; Gross monthly rents total $7,350 for the 6 rental units; Main home includes 5 units: two possible 2‑bedroom apartments, one lower‑level efficiency, and two upstairs studio apartments
