11-Unit Multifamily Apartment
3226 NE 12th St Pompano Beach, FL 33062
3226 NE 12th St, Pompano Beach, FL, 33062
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For Sale
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11-unit multifamily property with studios and 1–3 bedroom units, plus a pool and on-site laundry room.
Property Size6,748 SF
Lot Size0.28 Acres
Price / SF$364.55
Days on Market140
Property Features for 3226 NE 12th St
General Information
- Standard status
- Active
- Size
- 6,748 SF
- Lot size
- 0.28 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agency
Marcus & Millichap - Fort Lauderdale
Listed by
Evan Richardson · License #FL SL3134745
Source
Crexi
Added: Mar 5 Updated: Jul 22 at 5:48PM Checked: Jul 22 at 5:48PM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
Pompano By The Sea Apartments is an 11-unit multifamily property built in 1965, totaling 6,748 square feet on a 0.28-acre lot. The unit mix includes three studio units, seven one-bedroom/one-bath units, and one three-bedroom/two-bath unit, creating a range of apartment sizes for different household needs. The building features a pitched composite shingle roof and wall-unit air conditioning. On-site amenities include a swimming pool and a laundry room. Recent interior upgrades include LVT flooring, wood cabinetry, and granite countertops.
The property is located east of Federal Highway and is described as being minutes from the Pompano Beach shoreline, Fisher Family Pier, and the redeveloped Pompano Beach Fishing Village.
Currently operated as annual rentals, the offering notes that the property’s proximity to beach and tourist-driven amenities may support repositioning to short-term rentals, subject to applicable approvals and operations.
The property is located east of Federal Highway and is described as being minutes from the Pompano Beach shoreline, Fisher Family Pier, and the redeveloped Pompano Beach Fishing Village.
Currently operated as annual rentals, the offering notes that the property’s proximity to beach and tourist-driven amenities may support repositioning to short-term rentals, subject to applicable approvals and operations.
Key Highlights
- 11‑unit multifamily property built in 1965 totaling 6,748 SF on a 0.28‑acre lot
- Unit mix includes 3 studios (436 SF), 7 one‑bedroom/one‑bath units (620 SF), and 1 three‑bedroom/two‑bath unit (1,100 SF)
- On‑site amenities include a swimming pool and a laundry room
Local 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 | $198.4k | $29.40 |
| − Vacancy | −$9.9k | −$1.47 |
| EGI | $188.5k | $27.93 |
| − OpEx | −$84.8k | −$12.57 |
| NOI | $103.7k | $15.36 |
6,748 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,659 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,220 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Apartment building - 11-unit multifamily property with studios and 1–3 bedroom units, plus a pool and on-site laundry room.
Where is this apartment building located?
The property is located at 3226 NE 12th St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $2,460,000.
What are key features of this property?
This property features: 11‑unit multifamily property built in 1965 totaling 6,748 SF on a 0.28‑acre lot; Unit mix includes 3 studios (436 SF), 7 one‑bedroom/one‑bath units (620 SF), and 1 three‑bedroom/two‑bath unit (1,100 SF); On‑site amenities include a swimming pool and a laundry room
