Triplex with Individual Electric
New
For Sale
$599,900
616 NW 3rd Avenue, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size2,119 SF
Lot Size0.11 Acres
Price / SF$283.11
Days on Market2
Property Features for 616 NW 3rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-12
Bedrooms
5
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 1
Pets allowed
Yes, No
Subdivision
AMENDED PLAT OF SUMTERS ADD
Elementary school
Pompano Beach
Middle school
Pompano Beach
High school
Blanche Ely
Standard status
Active
APN
484235100060
Size
2,119 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
AMENDED PLAT OF SUMTER'S ADD TO TOWN OF POMPANO 1-12 B LOT 9
Tax Annual Amount
6684
Legal Description
AMENDED PLAT OF SUMTER'S ADD TO TOWN OF POMPANO 1-12 B LOT 9
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Number of units
3
Flooring type
Wood
Building materials
CBS
Roof type
Shingle
Buildings
1
Listing Agency:
Bank On It Realty
(954) 515-0030
Listed By:
Eugene J Schroeder · License #687483
(954) 816-4363
Added: Oct 23
Last Checked: Oct 24 at 2:06AM
MLS# B26092002
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.
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Investment Insights
Based on property information with market context.
This 2,119-square-foot triplex contains three apartments: two with two bedrooms and one bathroom each, plus a one-bedroom, one-bathroom unit. All are occupied by long-term tenants, and individual electric meters serve the units. The interiors have been updated, and management is available for continued use if desired.
Built in 1971 on a 0.11-acre lot, the property has CBS construction and RM-12 zoning. A new shingle roof is scheduled for installation before closing, with a permit already obtained. The property is at 616 NW 3rd Avenue in Pompano Beach.
Built in 1971 on a 0.11-acre lot, the property has CBS construction and RM-12 zoning. A new shingle roof is scheduled for installation before closing, with a permit already obtained. The property is at 616 NW 3rd Avenue in Pompano Beach.
Key Highlights
- Three units: two 2‑bedroom/1‑bath apartments and one 1‑bedroom/1‑bath apartment
- All 3 apartments are occupied by long‑term tenants
- Individual electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,435
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,700
$708.7K
Cap Rate 7%
$506,214
$506.2K
Cap Rate 9%
$393,722
$393.7K
Market Conditions
NOI Build-Up for 2,119 SF
Gross rent
$53.4K $25.20/SF
− Vacancy
−$2.8K −$1.31/SF
EGI
$50.6K $23.89/SF
− OpEx
−$15.2K −$7.17/SF
NOI
$35.4K $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%
$708,700
Cap Rate 7%
$506,214
Cap Rate 9%
$393,722
Alternative Uses
Best Use
Multifamily LT 5
$506.2K
$442.9K – $590.6K
NOI $35,435 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,551 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$826.4K
$723.1K – $964.2K
NOI $57,849 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,279
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments comprise two two-bedroom layouts and one one-bedroom layout, with long-term residents in place.
Where is this triplex located?
The property is located at 616 NW 3rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three units: two 2‑bedroom/1‑bath apartments and one 1‑bedroom/1‑bath apartment; All 3 apartments are occupied by long‑term tenants; Individual electric meters for each unit
