151 SW 15th St · Pompano Beach, FL 33060

$699,999

None bd · None ba · 1,982 sqft · MultiFamily · 102 Days on market

Built 1972 ↓ 1% since listing

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Schools +4.1/10.0
• 1% rule +3.8/10.0
• Livability +3.7/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

Investment opportunity! Cash only. This fully fenced triplex offers exceptional flexibility for investors and owner-occupants alike. The property features three separate units, each with spacious living rooms, bedrooms, and kitchens with eat-in areas designed to attract tenants. The 2-bedroom unit includes a private fenced yard for added appeal. Live in one unit while renting the others, or maximize cash flow with full tenancy. Ideally located near shopping, dining, beaches, and major highways, this property delivers both convenience and strong income potential. Unlock the value of this high-demand triplex and secure a smart real estate investment today.

Key facts

• Fully fenced triplex
• Private fenced yard
• Three separate units

Tags

• FULLY FENCED TRIPLEX
• THREE SEPARATE UNITS
• PRIVATE FENCED YARD
• STRONG INCOME POTENTIAL

Property features AI

Finance

• Financial info: Three units total; Gross scheduled income: $60,000; Operating expenses: $23,020; Net operating income: $22,580; Number of units in community: 3
• HOA & community: Association covers grounds maintenance, sewer, trash and water

Exterior

• Utilities: Public sewer; Cable available
• Home design: Triplex; Single-story; Resale property
• Construction: CBS construction; Composition and shingle roof
• Exterior features: Not waterfront; Cable service available

Interior

• Flooring: Tile
• Heating & cooling: Central heating with separate meters; Central air conditioning; Ceiling fans
• Interior features: Tile flooring

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.5-bath units multifamily listed at $700k.

Deal economics

• At list price, monthly cash flow is $49 ($583/yr) — positive. Per door: $16/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $618k (11.6% below list).
• Recommended offer: $618k (11.6% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.1% in Pompano Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#284 in FL, #4,541 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living B+; Watch: employment D+, amenities F.
• Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Nova Blanche Forman Elementary (math 35% / reading 55%, grade D-, #1,271 of 2,144 statewide, top 60%, 769 students, 72% FRL); Nova Middle School (math 44% / reading 53%, grade C-, #274 of 571 statewide, top 50%, 1,284 students, 68% FRL); Nova High School (math 22% / reading 56%, grade F, #312 of 667 statewide, top 48%, 2,227 students, 59% FRL) — zoned schools average 66% FRL vs 51% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.1%/yr); 339 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $6,185/mo this rent would consume 115% of the median local household income ($65k/yr) (locally 2870% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $21k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($637k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 43650% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $618,500 (11.6% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.30%
• DSCR: 1.01
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.12% rent growth · sell at horizon

5-year hold

• IRR: -16.8%
• Equity multiple: 0.41×
• Total profit: $-115,669
• Equity at exit: $104,372

10-year hold

• IRR: -10.3%
• Equity multiple: 0.40×
• Total profit: $-118,243
• Equity at exit: $60,523

Cash invested: $196,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33060

• Home prices YoY: -23.6%
• Rents YoY: 2.1%
• Active inventory: 339
• Price-to-rent: 28.3×

Monthly cashflow live

• Estimated rent: $6,185 high
• Mortgage (P&I): −$3,671
• Tax est. 1.5%: −$875 /mo · $10,500/yr
• Insurance: −$292
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,299
• Net cashflow: $49

Break-even live

Break-even rent $6,123

Max offer price $699,999

Occupancy floor 94%

Sensitivity live

Price	-10% $532	-5% $290	+0% $49	+5% $-193	+10% $-435
Rent	-10% $-440	-5% $-196	+0% $49	+5% $293	+10% $537
Rate	-1.0pp $401	-0.5pp $227	base $49	+0.5pp $-133	+1.0pp $-317

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1.5	$6,186
Total (3 units)			$6,185

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $175,000
• Closing costs: $21,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 SW 17th St Pompano Beach, FL	3.0	2.0	1788	$4,500	$2.52	9d	1	0.14mi
100 SW 17th St Pompano Beach, FL	3.0	2.0	1788	$4,500	$2.52	26d	1	0.14mi
342 SW 14th St Pompano Beach, FL	3.0	2.0	1458	$5,000	$3.43	26d	1	0.26mi
1740 NE 64th St Fort Lauderdale, FL	3.0	2.0	1364	$4,800	$3.52	6d	1	0.26mi
1740 NE 64th St Fort Lauderdale, FL	3.0	2.0	1364	$4,800	$3.52	12d	1	0.26mi
160 SE 12th Ct Pompano Beach, FL	3.0	2.0	1372	$12,000	$8.75	23d	1	0.27mi
1601 NE 63rd St Fort Lauderdale, FL	3.0	2.0	1875	$6,125	$3.27	26d	1	0.37mi
1048 SW 1st Ter Pompano Beach, FL	3.0	3.0	1649	$3,800	$2.30	15d	1	0.38mi
1040 Lyons Park Dr Pompano Beach, FL	3.0	2.0	1564	$3,500	$2.24	26d	1	0.38mi
2080 NE 65th St Fort Lauderdale, FL	3.0	2.0	1725	$5,250	$3.04	26d	1	0.46mi
2080 NE 65th St Fort Lauderdale, FL	3.0	2.0	1725	$5,000	$2.90	17d	1	0.46mi
1065 SW 4th Ter Pompano Beach, FL	3.0	2.0	1292	$4,000	$3.10	9d	1	0.48mi
6251 NE 20th Ter Fort Lauderdale, FL	3.0	3.0	1954	$7,000	$3.58	13d	1	0.49mi
1961 NE 62nd Ct Fort Lauderdale, FL	3.0	2.0	1630	$7,000	$4.29	26d	1	0.51mi
850 SE 1st Ave Pompano Beach, FL	3.0	3.0	1673	$4,450	$2.66	26d	1	0.55mi
2101 NE 63rd St Unit 2101 Fort Lauderdale, FL	3.0	2.0	1805	$4,750	$2.63	0d	1	0.56mi
2101 NE 63rd St Unit 2101 Fort Lauderdale, FL	3.0	2.0	1805	$4,925	$2.73	22d	1	0.56mi
5921 NE 15th Ave Fort Lauderdale, FL	3.0	3.0	1977	$4,600	$2.33	26d	1	0.63mi
1001 SE 5th Ave Pompano Beach, FL	3.0	2.0	1492	$4,500	$3.02	26d	1	0.64mi
170 SE 7th St #170 Pompano Beach, FL	3.0	2.5	1798	$3,650	$2.03	26d	1	0.67mi
170 SE 7th St #170 Pompano Beach, FL	3.0	2.5	1798	$3,550	$1.97	12d	1	0.67mi
618 SW 1st Ter Pompano Beach, FL	3.0	3.0	1803	$3,295	$1.83	26d	1	0.75mi
860 SW 10th St Pompano Beach, FL	3.0	2.0	1354	$3,300	$2.44	26d	1	0.76mi
6341 NE 22nd Ave Fort Lauderdale, FL	3.0	2.0	2086	$5,500	$2.64	16d	1	0.79mi
5910 NE 21st Way Fort Lauderdale, FL	3.0	2.0	1823	$4,950	$2.72	23d	1	0.81mi
5790 NE 20th Ter Fort Lauderdale, FL	3.0	2.0	1874	$6,000	$3.20	26d	1	0.82mi
2169 Imperial Point Dr Fort Lauderdale, FL	2.0	2.0	1300	$4,200	$3.23	26d	1	0.84mi
161 SE 5th Ct Pompano Beach, FL	3.0	2.0	1605	$5,150	$3.21	26d	1	0.87mi
1466 NE 57th Ct Fort Lauderdale, FL	3.0	2.0	2020	$8,200	$4.06	26d	1	0.89mi
1466 NE 57th Ct Unit 1044539P Fort Lauderdale, FL	3.0	2.0	2012	$6,185	$3.07	9d	1	0.89mi
2400 NE 65th St Fort Lauderdale, FL	1.0–3.0	1.0–2.0	1103	$2,814	$2.55	0d	15	0.91mi
5700 NE 20th Ave Fort Lauderdale, FL	3.0	2.0	2300	$5,575	$2.42	26d	1	0.92mi
1478 NE 57th St Fort Lauderdale, FL	3.0	2.0	1590	$5,400	$3.40	26d	1	0.94mi
2010 NE 57th St Fort Lauderdale, FL	3.0	2.0	1730	$6,000	$3.47	23d	1	0.96mi
2260 NE 62nd St Fort Lauderdale, FL	3.0	2.0	1807	$4,750	$2.63	13d	1	0.97mi
1631 S Federal Hwy Pompano Beach, FL	1.0–3.0	1.0–2.0	1092	$2,774	$2.54	0d	16	1.01mi
511 SE 5th St Pompano Beach, FL	2.0	2.0	1276	$4,200	$3.29	26d	1	1.01mi
511 SE 5th St Pompano Beach, FL	2.0	2.0	1276	$4,200	$3.29	23d	1	1.01mi
2155 NE 56th Ct Fort Lauderdale, FL	3.0	2.0	1500	$3,500	$2.33	26d	1	1.05mi
280 SE 3rd Ct Pompano Beach, FL	3.0	2.0	2042	$5,900	$2.89	26d	1	1.07mi

Listing history 17 events

1. 2026-06-21
   days on market $699,999 Active 102 DOM
2. 2026-06-18
   days on market $699,999 Active 99 DOM
3. 2026-06-17
   days on market $699,999 Active 98 DOM
4. 2026-06-16
   days on market $699,999 Active 97 DOM
5. 2026-06-15
   days on market $699,999 Active 96 DOM
6. 2026-06-13
   days on market $699,999 Active 94 DOM
7. 2026-06-09
   days on market $699,999 Active 90 DOM
8. 2026-06-07
   days on market $699,999 Active 88 DOM
9. 2026-06-04
   days on market $699,999 Active 85 DOM
10. 2026-06-03
    days on market $699,999 Active 84 DOM
11. 2026-06-02
    days on market $699,999 Active 83 DOM
12. 2026-06-01
    days on market $699,999 Active 82 DOM
13. 2026-05-31
    days on market $699,999 Active 81 DOM
14. 2026-05-06
    price $699,999
15. 2026-03-06
    historical $1,600
16. 2026-02-28
    listed $1,600
17. 2026-01-23
    listed $709,999 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (shaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $74,220
• − Mortgage interest: −$39,211
• − Property taxes: −$10,500
• − Insurance: −$3,500
• − Repairs & maintenance: −$5,938
• − Management: −$5,938
• − Depreciation: −$20,364
• Taxable loss: −$11,230
• Est. tax savings @ 24.0%: +$2,695
• After-tax cash flow: $3,278/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Broward
• NCES district ID: 1200180
• Math proficiency: 42% ▼ -18.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $52,139
• Composite: 40.88/100
• National rank: #3621
• State rank: #46 of 73 in FL

Livability — Pompano Beach

• Score: 74/100
• State rank: #284
• US rank: #4541

Category grades

Amenities F Commute A+ Cost of living B+ Crime B Employment D+ Housing A+ Health & safety B+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pompano Beach, FL
• County: Broward County · 1,963,430 people
• City population: 155,861
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 37,233
• Household income: $64,819
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 2870.0

Population outlook (Broward County) Hauer SSP2

• Today (2025): 2,207,033 people
• By 2030: 2,360,704 · +7.0%
• By 2040: 2,661,208 · +20.6%
• By 2050: 2,946,698 · +33.5%
• By 2075: 3,602,273 · +63.2%
• By 2100: 3,970,984 · +79.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Black 38% White 33% Hispanic / Latino 26% Two or more races 14%
• Hispanic origin (detail): Mexican 9% Puerto Rican 2% Cuban 3% Dominican 1%
• Common ancestry: Hispanic 13% Romanian 2% Slovak 1%
• Foreign-born: 31% · Canada, Jamaica
• Languages at home: 60% English-only · Spanish 23% French/Haitian/Cajun 13% Other Indo-European 2%

Political lean MEDSL · Broward

• 2024 margin: D (+17.0) · D 58.0% · R 41.0%
• 2008→2024 swing: -17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
• All cycles: 2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -131.09%
• Current HPI: 425.3083
• Rent YoY: ▲ 2.12%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-1.4% since first listed

4 events — show timeline

• 2026-05-06 Price Changed $699,999 Beaches MLS
• 2026-03-06 Rental Removed $1,600 LISTANZA
• 2026-02-28 Listed for Rent $1,600 LISTANZA
• 2026-01-23 Listed $709,999 Beaches MLS