Duplex with Additional
For Sale
$790,000
4040 NE 12TH Terrace, Pompano Beach, FL 33064
Two leased residential units are complemented by additional quarters and a newly added laundry room.
Property Size2,096 SF
Price / SF$384.43
Days on Market55
Property Features for 4040 NE 12TH Terrace
General Information
Standard status
Active
Size
2,096 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RS-3
Units
Unit Mix
2 x 2BR/1BA, 1 x additional quarters
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,467
Amenities
laundry room
Building Details
Building Size
2,096 SF
Year Built
1957
Stories
1
Listing Agency:
Premier Platinum Realty
Listed By:
Andres Cardona · License #3620072
(561) 484-4390
Source:
Laerrealty
Added: Aug 25
Changed: Oct 11
Last Checked: Oct 16 at 6:19AM
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 Premier Platinum Realty
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Investment Insights
Based on property information with market context.
This 2,055-square-foot duplex includes two residential units, each configured with two bedrooms and one bathroom. Separate additional quarters provide another residential component, while a new laundry room adds to the property’s functional improvements. The building dates to 1957.
Located at 4040 NE 12TH Terrace in Pompano Beach, the property is currently occupied across the two duplex units and the additional quarters. The configuration combines a traditional duplex layout with supplemental residential space within one property.
Located at 4040 NE 12TH Terrace in Pompano Beach, the property is currently occupied across the two duplex units and the additional quarters. The configuration combines a traditional duplex layout with supplemental residential space within one property.
Key Highlights
- 2,055 SF duplex property
- Two 2‑bedroom, 1‑bath residential units
- Additional mother‑in‑law quarters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,365
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,300
$687.3K
Cap Rate 7%
$490,929
$490.9K
Cap Rate 9%
$381,833
$381.8K
Market Conditions
NOI Build-Up for 2,055 SF
Gross rent
$51.8K $25.20/SF
− Vacancy
−$2.7K −$1.31/SF
EGI
$49.1K $23.89/SF
− OpEx
−$14.7K −$7.17/SF
NOI
$34.4K $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%
$687,300
Cap Rate 7%
$490,929
Cap Rate 9%
$381,833
Alternative Uses
Best Use
Multifamily LT 5
$490.9K
$429.6K – $572.8K
NOI $34,365 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$801.5K
$701.3K – $935.0K
NOI $56,102 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
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?
Duplex - Two leased residential units are complemented by additional quarters and a newly added laundry room.
Where is this duplex located?
The property is located at 4040 NE 12TH Terrace Pompano Beach, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 2,055 SF duplex property; Two 2‑bedroom, 1‑bath residential units; Additional mother‑in‑law quarters
