Triplexes with Swimming
For Sale
$1,649,000
3209 NE 7th Pl, Pompano Beach, FL 33062
Six-unit apartment property with upgraded interiors, two lots, and month-to-month occupancy.
Property Size4,653 SF
Lot Size0.38 Acres
Price / SF$354.40
Days on Market95
Property Features for 3209 NE 7th Pl
General Information
Standard status
Active
Size
4,653 SF
Lot size
0.38 Acres
Zoning
RM20
Amenities
swimming pool
Building Details
Year Built
1956
Buildings
2
Tenancy
Multi
Listing Agency:
The Keyes Company
Listed By:
Ross Z Herman · License #372598
(954) 563-6800
Source:
Chenoregroup
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 7 at 5:24PM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
This garden-style apartment property includes two side-by-side triplex buildings totaling six units across two lots. Built in 1956, the complex features a swimming pool, premium tile flooring, remodeled kitchens and bathrooms, and partially furnished apartments. The units are leased annually, with existing leases expired and occupancy continuing on a month-to-month basis.
The property is located at 3209-3213 NE 7 Place in Pompano Beach, approximately ½ block west of the Ocean and east of the Intracoastal. RM20 zoning and 16,400 SF of land area provide a defined land-use framework for the site. Walkability is rated 40, bikeability 51, and transit access 28.
The property is located at 3209-3213 NE 7 Place in Pompano Beach, approximately ½ block west of the Ocean and east of the Intracoastal. RM20 zoning and 16,400 SF of land area provide a defined land-use framework for the site. Walkability is rated 40, bikeability 51, and transit access 28.
Key Highlights
- Six‑unit apartment complex consisting of two side‑by‑side triplex buildings
- RM20 zoning with 16,400 SF of land area
- Swimming pool and two lots included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,811
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,220
$1.6M
Cap Rate 7%
$1,111,586
$1.1M
Cap Rate 9%
$864,567
$864.6K
Market Conditions
NOI Build-Up for 4,653 SF
Gross rent
$117.3K $25.20/SF
− Vacancy
−$6.1K −$1.31/SF
EGI
$111.2K $23.89/SF
− OpEx
−$33.3K −$7.17/SF
NOI
$77.8K $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 Rate 5%
$1,556,220
Cap Rate 7%
$1,111,586
Cap Rate 9%
$864,567
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$972.6K – $1.30M
NOI $77,811 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$1.02M
$893.5K – $1.19M
NOI $71,477 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $127,027 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Six-unit apartment property with upgraded interiors, two lots, and month-to-month occupancy.
Where is this triplex located?
The property is located at 3209 NE 7th Pl Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Six‑unit apartment complex consisting of two side‑by‑side triplex buildings; RM20 zoning with 16,400 SF of land area; Swimming pool and two lots included
