Occupied Triplex with Updated
For Sale
$585,000
3024 NW 2nd Street, Pompano Beach, FL 33069
Three-unit income property with current occupancy, newer mechanical components, and RD-1 zoning.
Property Size1,914 SF
Price / SF$305.64
Days on Market106
Property Features for 3024 NW 2nd Street
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Triplex
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
will need work
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,974
Building Details
Building Size
1,914 SF
Year Built
1966
Tenancy
Multi
Listing Agency:
Florida Brokers Real Estate
Listed By:
Natasha Olsak · License #3421435
(561) 305-0084
Source:
Pamandtoni
Added: Jul 6
Changed: Oct 7
Last Checked: Oct 16 at 3:33PM
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 Florida Brokers Real Estate
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Investment Insights
Based on property information with market context.
This 1,914-square-foot triplex, built in 1966, is being offered in its existing condition with all three units currently rented. The property has new ductwork, while most air-conditioning systems date from 2018–2020 and most water heaters were installed between 2017 and 2020. The roof dates to 2006 and requires work.
The property is zoned RD-1. One AC violation remains pending closure, and the city requires mandatory security cameras operating 24/7. Showings are limited to accepted offers, with tenant access coordinated accordingly.
The property is zoned RD-1. One AC violation remains pending closure, and the city requires mandatory security cameras operating 24/7. Showings are limited to accepted offers, with tenant access coordinated accordingly.
Key Highlights
- Triplex with all 3 units rented
- 1,914 SF property built in 1966
- New ductwork installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,007
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,140
$640.1K
Cap Rate 7%
$457,243
$457.2K
Cap Rate 9%
$355,633
$355.6K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$48.2K $25.20/SF
− Vacancy
−$2.5K −$1.31/SF
EGI
$45.7K $23.89/SF
− OpEx
−$13.7K −$7.17/SF
NOI
$32.0K $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%
$640,140
Cap Rate 7%
$457,243
Cap Rate 9%
$355,633
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.5K
NOI $32,007 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$420.0K
$367.5K – $490.0K
NOI $29,402 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$746.5K
$653.2K – $870.9K
NOI $52,252 @ 7.0% cap · market cap 8.93%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,166
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
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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-unit income property with current occupancy, newer mechanical components, and RD-1 zoning.
Where is this triplex located?
The property is located at 3024 NW 2nd Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Triplex with all 3 units rented; 1,914 SF property built in 1966; New ductwork installed
