Renovated
For Sale
$789,999
229 NW 12th Court, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size2,072 SF
Price / SF$381.27
Days on Market410
Property Features for 229 NW 12th Court
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-20
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Subdivision
Monticello Park Amd
Directions
Please use GPS.
Standard status
Active
APN
484235320770
Size
2,072 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Description
MONTICELLO PARK AMENDED PLAT 16-21 B LOT 5 BLK 6
Tax Annual Amount
7270
Legal Description
MONTICELLO PARK AMENDED PLAT 16-21 B LOT 5 BLK 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
CBS, Stucco
Roof type
Shingle, Composition
Listing Agency:
Preferred Properties Int'l Rea
Listed By:
Tiwana D Holmes · License #3345100
(561) 477-1193
Added: Sep 17, 2025
Changed: Oct 31
Last Checked: Oct 31 at 10:06PM
MLS# F10527020
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 2,072-square-foot triplex at 229 NW 12th Court includes three residential units, each arranged with 2 bedrooms and 1 bathroom. Interior improvements include updated kitchens with new cabinetry and countertops, refreshed bathrooms, vinyl flooring, and fresh paint. Central heating and central air conditioning serve the units.
Built in 1985, the property has CBS and stucco construction with a shingle and composition roof. Public water and public sewer serve the building, while cable is available. The property is zoned RM-20, and all units are currently leased. Its Pompano Beach location provides access to the beach, shopping, dining, and major highways.
Built in 1985, the property has CBS and stucco construction with a shingle and composition roof. Public water and public sewer serve the building, while cable is available. The property is zoned RM-20, and all units are currently leased. Its Pompano Beach location provides access to the beach, shopping, dining, and major highways.
Key Highlights
- Three‑unit triplex with 2 bedrooms and 1 bathroom per unit
- 2,072 square feet on a 0.05‑acre lot
- All units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,649
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,980
$693.0K
Cap Rate 7%
$494,986
$495.0K
Cap Rate 9%
$384,989
$385.0K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$52.2K $25.20/SF
− Vacancy
−$2.7K −$1.31/SF
EGI
$49.5K $23.89/SF
− OpEx
−$14.8K −$7.17/SF
NOI
$34.6K $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 Rate 5%
$692,980
Cap Rate 7%
$494,986
Cap Rate 9%
$384,989
Alternative Uses
Best Use
Multifamily LT 5
$495.0K
$433.1K – $577.5K
NOI $34,649 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$454.7K
$397.9K – $530.5K
NOI $31,829 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,566 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
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
Frequently Asked Questions
What type of property is this?
Triplex - Three leased units feature updated kitchens, refreshed bathrooms, and central heating and air conditioning.
Where is this triplex located?
The property is located at 229 NW 12th Court Pompano Beach, FL.
What is the asking price?
The asking price for this property is $789,999.
What are key features of this property?
This property features: Three‑unit triplex with 2 bedrooms and 1 bathroom per unit; 2,072 square feet on a 0.05‑acre lot; All units leased
