Leased Three-Unit
For Sale
$750,000
231 SW 8th Ct, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size2,219 SF
Price / SF$337.99
Days on Market48
Property Features for 231 SW 8th Ct
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-20
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Bathroom 3
Parking
6
Subdivision
CYPRESS PLAZA ANNEX
Lot features
Flood Zone
Standard status
Active
APN
494202250160
Size
2,219 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CYPRESS PLAZA ANNEX 60-17 B LOT 12 BLK 2
Tax Annual Amount
9158
Legal Description
CYPRESS PLAZA ANNEX 60-17 B LOT 12 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1971
Floors in Building
1
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Tile, Flat
Listing Agency:
SAMOVEY Realty
(954) 730-5511
Listed By:
Glabedys Grisales · License #3410949
(754) 281-1060
Added: Sep 1
Changed: Oct 14
Last Checked: Oct 18 at 12:06AM
MLS# A12080323
Copyright © 2026 Miami REALTORS®. 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 2,219-square-foot triplex contains three two-bedroom, one-bathroom residences. Built in 1971, the property has concrete block construction, tile flooring, central heating and air conditioning, and public sewer service. All three units are leased.
The property is near shopping, dining, parks, schools, and hospitals, with access to I-95 and the Turnpike. The beach is a short drive away.
The property is near shopping, dining, parks, schools, and hospitals, with access to I-95 and the Turnpike. The beach is a short drive away.
Key Highlights
- Three 2‑bedroom, 1‑bathroom units; all are leased
- 2,219 square feet across the triplex
- Built in 1971 with concrete block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,108
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,160
$742.2K
Cap Rate 7%
$530,114
$530.1K
Cap Rate 9%
$412,311
$412.3K
Market Conditions
NOI Build-Up for 2,219 SF
Gross rent
$55.9K $25.20/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$53.0K $23.89/SF
− OpEx
−$15.9K −$7.17/SF
NOI
$37.1K $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%
$742,160
Cap Rate 7%
$530,114
Cap Rate 9%
$412,311
Alternative Uses
Best Use
Multifamily LT 5
$530.1K
$463.9K – $618.5K
NOI $37,108 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$487.0K
$426.1K – $568.1K
NOI $34,087 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$865.4K
$757.2K – $1.01M
NOI $60,579 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,448
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 - All three residences are leased and feature tile flooring throughout.
Where is this triplex located?
The property is located at 231 SW 8th Ct Pompano Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bathroom units; all are leased; 2,219 square feet across the triplex; Built in 1971 with concrete block construction
