3-Unit
For Sale
$625,000
612 NW 7TH Terrace # 3 Unit 1-3, Pompano Beach, FL 33060
The three-unit residential property is fully occupied, with most tenancies on a month-to-month basis.
Property Size1,768 SF
Price / SF$353.51
Days on Market66
Property Features for 612 NW 7TH Terrace # 3 Unit 1-3
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,970
Building Details
Building Size
1,768 SF
Year Built
1951
Tenancy
Multi
Listing Agency:
The Luxury Home Team of Florida
Listed By:
Constance B Johnson · License #3368577
(754) 234-2058
Source:
Debuirerealty
Added: Aug 24
Changed: Oct 27
Last Checked: Oct 27 at 3:38AM
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 Luxury Home Team of Florida
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains 1,768 square feet and was built in 1951. All three units are occupied, and most tenant agreements are month to month.
Key Highlights
- Three‑unit triplex with 1,768 square feet
- Built in 1951
- All units occupied; most tenancies are month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,566
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,320
$591.3K
Cap Rate 7%
$422,371
$422.4K
Cap Rate 9%
$328,511
$328.5K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$44.6K $25.20/SF
− Vacancy
−$2.3K −$1.31/SF
EGI
$42.2K $23.89/SF
− OpEx
−$12.7K −$7.17/SF
NOI
$29.6K $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%
$591,320
Cap Rate 7%
$422,371
Cap Rate 9%
$328,511
Alternative Uses
Best Use
Multifamily LT 5
$422.4K
$369.6K – $492.8K
NOI $29,566 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$388.0K
$339.5K – $452.7K
NOI $27,159 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$689.5K
$603.3K – $804.4K
NOI $48,266 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,769
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The three-unit residential property is fully occupied, with most tenancies on a month-to-month basis.
Where is this triplex located?
The property is located at 612 NW 7TH Terrace # 3 Unit 1-3 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three‑unit triplex with 1,768 square feet; Built in 1951; All units occupied; most tenancies are month to month
