Triplex With High-Impact
For Sale
$1,250,000
Pending
3205 Marine Drive, Pompano Beach, FL 33062
MULTI_FAMILY - Pompano Beach, FL
Property Size2,259 SF
Days on Market304
Property Features for 3205 Marine Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RD-1
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3
Patio and Porch features
Patio
Exterior features
Outdoor Shower
Fencing
Fenced
Subdivision
Hillsboro Shores Sec B 22
Directions
NORTH OF 14 STREET CSWY ON AIA TO MARINE DRIVE. SOUTH ON MARINE DRIVE, PROPERTY IS ON THE NORTH SIDE OF THE STREET.
Standard status
Pending
APN
484329050290
Size
2,259 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HILLSBORO SHORES SEC B 22-39 B LOT 5 BLK 11
Tax Annual Amount
15090
Legal Description
HILLSBORO SHORES SEC B 22-39 B LOT 5 BLK 11
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
high impact windows and doors
sprinkler system
continuous hot water
Nest thermostat
heat and air conditioning
private entrance with smart locks
separate washing area
patio tables and chairs
grill
pavers
shed
saltwater swimming pool
security lighting
Building Details
Year built
1957
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
CBS
Roof type
Tile
Additional Structures
Outbuilding
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Janice S Strehl · License #3221036
(248) 767-4213
Added: Oct 9, 2025
Changed: Aug 5
Last Checked: Aug 8 at 12:06PM
MLS# F10530363
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Triplex configured for short- or long-term rental, with three separate units and private entry access featuring smart locks. The east unit includes a 2 bedroom, 1 den layout with a separate laundry room with washer and dryer. Unit 2 offers a 1 bedroom, 1 bathroom plan with a living area and kitchen. Unit 3 is a 1 bedroom, 1 bathroom unit with a living area and kitchen. All units have high impact windows and doors, and each includes continuous hot water.
The property is built with CBS construction, with tile flooring throughout. Heating is electric and cooling is provided by central air and ceiling fans. The roof is approximately 2 years old. Outside, the landscaped yard includes a sprinkler system, patio area with tables and chairs, a grill, pavers, a shed, and a saltwater swimming pool, plus security lighting and ample parking.
Located about a half block from the ocean, the home also includes an outdoor shower and features fencing with a separate washing area for units 2 and 3. Utilities include cable availability, and the home is served by public water and public sewer.
The property is built with CBS construction, with tile flooring throughout. Heating is electric and cooling is provided by central air and ceiling fans. The roof is approximately 2 years old. Outside, the landscaped yard includes a sprinkler system, patio area with tables and chairs, a grill, pavers, a shed, and a saltwater swimming pool, plus security lighting and ample parking.
Located about a half block from the ocean, the home also includes an outdoor shower and features fencing with a separate washing area for units 2 and 3. Utilities include cable availability, and the home is served by public water and public sewer.
Key Highlights
- Three rental units with private entrances and smart‑lock access
- All units have high impact windows and doors
- Roof is approximately 2 years old
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,777
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$755,540
$755.5K
Cap Rate 7%
$539,671
$539.7K
Cap Rate 9%
$419,744
$419.7K
Market Conditions
NOI Build-Up for 2,259 SF
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.
Gross rent
$56.9K $25.20/SF
− Vacancy
−$3.0K −$1.31/SF
EGI
$54.0K $23.89/SF
− OpEx
−$16.2K −$7.17/SF
NOI
$37.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$755,540
Cap Rate 7%
$539,671
Cap Rate 9%
$419,744
Alternative Uses
Best Use
Multifamily LT 5
$539.7K
$472.2K – $629.6K
NOI $37,777 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$495.7K
$433.8K – $578.4K
NOI $34,702 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$881.0K
$770.9K – $1.03M
NOI $61,671 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
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 - Triplex under RD-1 zoning with three units, high-impact windows, smart-lock access, and a landscaped yard with sprinkler system.
Where is this triplex located?
The property is located at 3205 Marine Drive Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three rental units with private entrances and smart‑lock access; All units have high impact windows and doors; Roof is approximately 2 years old
