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Waterfront Multifamily Property, Pompano Beach

1361 NE 27 Way Pompano Beach, FL

1361 NE 27 Way, Pompano Beach, FL

$1,895,000

For Sale

$1,895,000

MULTI_FAMILY - Pompano Beach, FL

Property Size4,547 SF

Lot Size0.18 Acres

Price / SF$416.76

AddedMay 6

Days on Market71

Last RefreshJul 15 at 10:06 am

Property Features for 1361 NE 27 Way

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RM-20
Parking: 8
Security features: Security
Fencing: Fenced
Standard status: Active
APN: 484330250050
Size: 4,547 SF
Lot size: 0.18 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: Lot 107 Country Club Isles Replat 54-38 B
Tax Annual Amount: 24531

Utilities

Sewer type: Public Sewer
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1968
Floors in Building: 2
Number of units: 6
Flooring type: Tile
Building materials: CBS
Roof type: Mansard, Flat

Listing agent Ross Z Herman License #372598

Listing office The Keyes Company 1520 E Sunrise Blvd, Miami, FL

Listing date May 6, 2026

MLS# B26025157

Investment Insights

Based on property information with market context.

Located east of Federal Hwy in Pompano Beach, this multifamily property offers deep water access with no fixed bridge to the ocean. The property includes a dock navigable to a nearby inlet and directly out to the Atlantic Ocean. The building comprises 5 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit, each equipped with central air conditioning. All units feature remodeled kitchens, bathrooms, and flooring. Five units have screened patios, while one has an enclosed patio. Additional upgrades include newer windows and doors, brick paver walkways, and aluminum railings. The dock is approximately 33 feet long and includes water and electric. Residents can enjoy waterway views and are located just a 1/2 mile stroll to the beach. Building recertification was completed in 2021. The property is zoned RM-20 and sits on a lot of approximately 0.18 acres.

Key Highlights

Income‑producing multifamily with 6 units: five 2BR/1BA units and one 1BR/1BA unit
Deep‑water dock navigable to a nearby inlet and directly out to the Atlantic Ocean; dock appx 33 ft with water & electric available
All units have central air; remodels include kitchens, bathrooms, and flooring throughout

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$133.7k	$29.40
− Vacancy	−$6.7k	−$1.47
EGI	$127.0k	$27.93
− OpEx	−$57.1k	−$12.57
NOI	$69.8k	$15.36

4,547 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$997.8K

$873.1K – $1.16M (±1% cap)

NOI $69,849 @ 7.0% cap · market cap 3.69%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.77M

$1.55M – $2.07M (±1% cap)

NOI $124,133 @ 7.0% cap · market cap 6.55%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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What type of property is this?

Apartment building - Waterfront multifamily with dock, ocean access, remodeled units.

Where is this apartment building located?

The property is located at 1361 NE 27 Way Pompano Beach, FL.

What is the asking price?

The asking price for this property is $1,895,000.

What are key features of this property?

This property features: Income‑producing multifamily with 6 units: five 2BR/1BA units and one 1BR/1BA unit; Deep‑water dock navigable to a nearby inlet and directly out to the Atlantic Ocean; dock appx 33 ft with water & electric available; All units have central air; remodels include kitchens, bathrooms, and flooring throughout

1361 NE 27 Way Pompano Beach, FL

MULTI_FAMILY - Pompano Beach, FL

Property Features for 1361 NE 27 Way

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Restaurant with 165' Frontage

Two-Story Office/Warehouse with Yard

Duplex with Covered Breezeway

Renovated Fourplex with Pool

Retail Storefront with Kitchen Equipment

Income-Generating Retail Plaza

Cash-Flowing Duplex With Shared Pool

3BR Duplex Income Property

Air-Conditioned Double Warehouse

5-Unit Multifamily Redevelopment Site

Single-Story Duplex with Two 3/2 Units

Waterfront 4-Unit Apartment Property

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