6-Unit Garden-Style Apartment
New
For Sale
$1,649,000
3209 NE 7th Place, Pompano Beach, FL
MULTI_FAMILY - Pompano Beach, FL
Property Size4,653 SF
Lot Size0.38 Acres
Price / SF$354.40
Days on Market2
Property Features for 3209 NE 7th Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-20
Parking features
On Street
Lot features
Landscaped
Directions
Think of the beach! Property is located 1/2 block off N Ocean Blvd, north of Atlantic Blvd and south of the NE 14th Street Cswy.
Subdivision
3113
Standard status
Active
APN
484331240060
Size
4,653 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots 5,6 Jelks Estates 31-34 B, includes 484331240050
Tax Annual Amount
34162
Legal Description
Lots 5,6 Jelks Estates 31-34 B, includes 484331240050
Utilities
Sewer type
Public Sewer
Cooling system
Ductless
Water source
Public
Amenities
swimming pool
Building Details
Year built
1956
Floors in Building
1
Number of units
6
Flooring type
Laminate, Tile
Building materials
CBS
Roof type
Shingle
Listing Agency:
The Keyes Company
(954) 467-0105
Listed By:
Ross Z Herman · License #372598
(954) 563-6800
Added: Jul 31
Changed: Aug 1
Last Checked: Aug 1 at 5:06AM
MLS# B26058654
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.
This garden-style apartment complex offers six units arranged as two side-by-side triplexes on two lots. The property is zoned RM-20 and includes a swimming pool. Interior updates include premium tile flooring plus remodeled kitchens and bathrooms, and most units are partially furnished. The complex is currently rented annually with leases expired and continuing month-to-month.
Construction materials are CBS, and the roof is shingle. Cooling is provided via ductless systems, and the property is served by public water and public sewer.
With a lot size of 0.38 acres and a property size of 4,653 square feet, this is a multifamily offering designed for a new owner who plans to reposition the asset under RM-20 zoning.
Construction materials are CBS, and the roof is shingle. Cooling is provided via ductless systems, and the property is served by public water and public sewer.
With a lot size of 0.38 acres and a property size of 4,653 square feet, this is a multifamily offering designed for a new owner who plans to reposition the asset under RM-20 zoning.
Key Highlights
- 0.38‑acre lot with 4,653 SF total area
- RM‑20 zoning
- Two side‑by‑side triplexes totaling 6 units
Financial Insights For Apartment 5plus
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 | $136.8k | $29.40 |
| − Vacancy | −$6.8k | −$1.47 |
| EGI | $130.0k | $27.93 |
| − OpEx | −$58.5k | −$12.57 |
| NOI | $71.5k | $15.36 |
4,653 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$893.5K – $1.19M
NOI $71,477 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - RM-20 garden-style 6-unit complex with a swimming pool, CBS construction, and ductless cooling.
Where is this apartment building located?
The property is located at 3209 NE 7th Place 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: 0.38‑acre lot with 4,653 SF total area; RM‑20 zoning; Two side‑by‑side triplexes totaling 6 units
