Four-Unit
831 NW 17th Terrace # 4 Unit 1-4, Pompano Beach, FL 33069
For Sale
$689,000
All units are leased, with showings conducted during the inspection process.
Property Size1,440 SF
Price / SF$478.47
Days on Market166
Property Features for 831 NW 17th Terrace # 4 Unit 1-4
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
The Luxury Home Team of Florida
Listed By:
Constance B Johnson · License FL #3368577
(754) 234-2058
Source:
Debuirerealty
Added: May 29
Changed: Nov 7
Last Checked: Nov 8 at 9:18PM
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 four-unit multifamily property in Pompano Beach was built in 1959 and contains 1,440 square feet. All units are leased.
The property is included in a portfolio comprising six buildings and 18 units. Viewing is limited to the inspection process.
The property is included in a portfolio comprising six buildings and 18 units. Viewing is limited to the inspection process.
Key Highlights
- Four‑unit quadplex with all units leased
- 1,440 square feet
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,081
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,620
$481.6K
Cap Rate 7%
$344,014
$344.0K
Cap Rate 9%
$267,567
$267.6K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$36.3K $25.20/SF
− Vacancy
−$1.9K −$1.31/SF
EGI
$34.4K $23.89/SF
− OpEx
−$10.3K −$7.17/SF
NOI
$24.1K $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%
$481,620
Cap Rate 7%
$344,014
Cap Rate 9%
$267,567
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.4K
NOI $24,081 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$316.0K
$276.5K – $368.7K
NOI $22,121 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Pompano Beach, FL
Properties on Market for Quadplexes in Pompano Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All units are leased, with showings conducted during the inspection process.
Where is this quadplex located?
The property is located at 831 NW 17th Terrace # 4 Unit 1-4 Pompano Beach, FL.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Four‑unit quadplex with all units leased; 1,440 square feet; Built in 1959
