Triplex with Six Dedicated
For Sale
$610,000
3020 Northwest 2nd Street, Pompano Beach, FL 33069
Three-unit triplex with one 3-bedroom and two 2-bedroom apartments plus six dedicated parking spaces.
Property Size1,914 SF
Price / SF$318.70
Days on Market209
Property Features for 3020 Northwest 2nd Street
General Information
Standard status
Active
Size
1,914 SF
Total Parking Spaces
6
Property subtype
Multi-Family Income / Triplex
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Elior Levi · License #3574869
(786) 748-7373
Source:
Compass
Added: Jan 4
Changed: Jul 21
Last Checked: Jul 23 at 10:53AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This for-sale triplex includes three spacious rental units: one 3-bedroom/1-bath unit and two 2-bedroom/1-bath units. The property is configured with six dedicated parking spaces for residents. According to the seller, the property was recently generating $5,700 in monthly rental income, and it is near full occupancy, with one unit expected to be re-rented shortly.
Located at 3020 Northwest 2nd Street in Pompano Beach, the property is less than a mile from Walmart and about a 10-minute drive from the beach. The offering also benefits from close proximity to retail, dining, and major highways, supporting convenience for tenants.
Located at 3020 Northwest 2nd Street in Pompano Beach, the property is less than a mile from Walmart and about a 10-minute drive from the beach. The offering also benefits from close proximity to retail, dining, and major highways, supporting convenience for tenants.
Key Highlights
- Triplex built in 1967 at 3020 NW 2nd St, Pompano Beach
- Unit mix: one 3 bed/1 bath and two 2 bed/1 bath apartments
- Six dedicated parking spaces for residents
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $25.20 |
| − Vacancy | −$2.5k | −$1.31 |
| EGI | $45.7k | $23.89 |
| − OpEx | −$13.7k | −$7.17 |
| NOI | $32.0k | $16.72 |
1,914 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.5K
NOI $32,007 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$420.0K
$367.5K – $490.0K
NOI $29,402 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$746.5K
$653.2K – $870.9K
NOI $52,252 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
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?
Triplex - Three-unit triplex with one 3-bedroom and two 2-bedroom apartments plus six dedicated parking spaces.
Where is this triplex located?
The property is located at 3020 Northwest 2nd Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Triplex built in 1967 at 3020 NW 2nd St, Pompano Beach; Unit mix: one 3 bed/1 bath and two 2 bed/1 bath apartments; Six dedicated parking spaces for residents
