Multifamily Property with Separate
For Sale
$789,999
233 NW 12th Court, Pompano Beach, FL 33060
RM-20 zoning and central air serve the 1976 residential income property.
Property Size2,072 SF
Price / SF$381.27
Days on Market354
Property Features for 233 NW 12th Court
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Residential Income
Zoning
RM-20
Taxes and HOA fees
Annual Taxes
$6,945
Amenities
Central Air
Central, Separate Meters
Building Details
Year Built
1976
Stories
1
Listing Agency:
Preferred Properties Int'l Rea
Listed By:
Tiwana D Holmes · License #3345100
(954) 825-6789
Source:
Evrealestate
Added: Oct 19, 2025
Changed: Oct 4
Last Checked: Oct 5 at 5:45PM
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 Preferred Properties Int'l Rea
Investment Insights
Based on property information with market context.
This multifamily property contains 2,072 square feet and was built in 1976. Central air serves the interior, and separate utility meters are indicated. The property is zoned RM-20.
Located in Pompano Beach, the property is in Broward County. Its address is 233 NW 12th Court.
Located in Pompano Beach, the property is in Broward County. Its address is 233 NW 12th Court.
Key Highlights
- 2,072‑square‑foot multifamily property
- RM‑20 zoning
- Built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,829
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,580
$636.6K
Cap Rate 7%
$454,700
$454.7K
Cap Rate 9%
$353,656
$353.7K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$60.9K $29.40/SF
− Vacancy
−$3.0K −$1.47/SF
EGI
$57.9K $27.93/SF
− OpEx
−$26.0K −$12.57/SF
NOI
$31.8K $15.36/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,580
Cap Rate 7%
$454,700
Cap Rate 9%
$353,656
Alternative Uses
Best Use
Apartment 5plus
$454.7K
$397.9K – $530.5K
NOI $31,829 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - RM-20 zoning and central air serve the 1976 residential income property.
Where is this multifamily property located?
The property is located at 233 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: 2,072‑square‑foot multifamily property; RM‑20 zoning; Built in 1976
