Updated Triplex in Pompano
721 SW 8th Street Pompano Beach, FL 33060
For Sale
$655,000
Pending
MULTI_FAMILY - Pompano Beach, FL
Property Size2,032 SF
Days on Market144
Property Features for 721 SW 8th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- RM-20
- Bedrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 4
- Standard status
- Pending
- APN
- 494202031220
- Size
- 2,032 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FAIRVIEW AMENDED PLAT 10-25 B LOT 32 BLK 15
- Tax Annual Amount
- 8000
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1971
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Shingle, Composition
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jino Kuriakose · License #3285990
(954) 937-5651
Added: Mar 3
Changed: Jul 25
Last Checked: Jul 25 at 4:06PM
MLS# F10555887
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 well-maintained triplex in Pompano Beach, FL, presents a turnkey investment opportunity. The property features a 2021 roof and full impact windows. Porcelain tile flooring extends throughout the building, complemented by newly updated kitchens. Fresh interior and exterior paint provide a clean and modern aesthetic. The updated electrical system includes recessed lighting and ceiling fans in every room, along with numerous additional improvements. The property is fully rented with qualified long-term tenants. All tenants have paid first month, last month, and security deposits. Additional features include a fenced backyard and a laundry room equipped with newer machines. The property size is 2032 square feet. The zoning is RM-20. Showings will be scheduled upon receipt of an acceptable offer.
Key Highlights
- 2021 roof and fully updated impact windows
- Fully rented with qualified long‑term tenants; tenants have paid first month, last month, and security deposits
- Updated kitchens and porcelain tile flooring throughout
Financial Insights For Multifamily LT 5
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 | $51.2k | $25.20 |
| − Vacancy | −$2.7k | −$1.31 |
| EGI | $48.5k | $23.89 |
| − OpEx | −$14.6k | −$7.17 |
| NOI | $34.0k | $16.72 |
2,032 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$485.4K
$424.8K – $566.4K
NOI $33,981 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$445.9K
$390.2K – $520.3K
NOI $31,215 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$792.5K
$693.4K – $924.6K
NOI $55,474 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Turnkey investment property with long-term tenants and updated features.
Where is this triplex located?
The property is located at 721 SW 8th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 2021 roof and fully updated impact windows; Fully rented with qualified long‑term tenants; tenants have paid first month, last month, and security deposits; Updated kitchens and porcelain tile flooring throughout
