Triplex with Three Rented
For Sale
$585,000
3028 NW 2nd Street, Pompano Beach, FL 33069
Three-unit property with current occupancy across the building and B-3 zoning.
Property Size1,914 SF
Price / SF$305.64
Days on Market106
Property Features for 3028 NW 2nd Street
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Triplex
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
ROOF is 2006 and will need work
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,966
Building Details
Building Size
1,914 SF
Year Built
1966
Buildings
1
Listing Agency:
Florida Brokers Real Estate
Listed By:
Natasha Olsak · License #3421435
(561) 305-0084
Source:
Pamandtoni
Added: Jul 6
Changed: Oct 6
Last Checked: Oct 16 at 6:34PM
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 was built in 1966 and contains three residential units, each currently rented. The property is offered in its existing condition, with new ductwork and air-conditioning systems installed across most units between 2018 and 2020. Most water heaters date from 2017 through 2020.
The roof dates to 2006 and requires work. B-3 zoning applies to the property, and the city requires 24/7 security camera coverage. Showings are limited to accepted offers, with access coordinated to avoid disturbing residents.
The roof dates to 2006 and requires work. B-3 zoning applies to the property, and the city requires 24/7 security camera coverage. Showings are limited to accepted offers, with access coordinated to avoid disturbing residents.
Key Highlights
- Three‑unit property with occupancy in each unit
- 1,914 square feet on a 1966‑built property
- B‑3 zoning
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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Lease Details
3
Residential units
100%
Occupancy
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 property with current occupancy across the building and B-3 zoning.
Where is this triplex located?
The property is located at 3028 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: Three‑unit property with occupancy in each unit; 1,914 square feet on a 1966‑built property; B‑3 zoning
