Pompano Beach Multifamily Investment
1420 SE 4th Avenue, Pompano Beach, FL
MULTI_FAMILY - Pompano Beach, FL
Property size:
7,492 SFLot size:
0.24 AcresPrice / SF:
$293/SF- Added:
- Apr 7, 2026
- Days on Market:
- 67
- Last Refresh:
- Jun 12 at 9:06 am
Property Features for 1420 SE 4th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-20
- Parking
- 10
- Parking features
- Guest, Assigned
- Security features
- Security Lighting
- Fencing
- Fenced
- Standard status
- Active
- APN
- 494201220010
- Size
- 7,492 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WATERVIEW ESTATES 46-26 B LOT 1
- Tax Annual Amount
- 31704
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Tile - Ceramic, Carpet, Tile, Vinyl
- Building materials
- CBS, Stucco
- Roof type
- Tile
Listing agent Isabel C Casas License #516275 (954) 643-4036
Listing office Casas Real Estate Inc 1420 SE 4 Ave. No. 9, Pompano Beach, FL (954) 643-4036
Listing date Apr 7, 2026
MLS# B26012139
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.
HighLights
- Prime location on the boundary between Pompano Beach & Fort Lauderdale, just 6 minutes (2.1 miles) to the beach.
- Strong income potential with an 8‑unit multi‑family building, featuring 7 currently leased units.
- Located in a thriving city with significant development projects, like the East McNab road project, making it a great investment opportunity.
- Enjoy security and safety with 24/7 security cameras and impact windows.
- Modern amenities include central air conditioning, coin‑operated laundry facility, and eat‑in kitchen with pass‑through dining‑bar counter.
- Convenient access to I‑95, Turnpike, and Federal Hwy, with easy access to restaurants, markets, and shopping.
Overview
This two-story multifamily property presents a great investment opportunity. It features eight units, with seven apartments offering two bedrooms and two bathrooms each, and one apartment with one bedroom and one bathroom. The property also includes an office, a coin-operated laundry facility, a storage area, and a meter room. Security is enhanced with 24/7 surveillance cameras. The units are equipped with impact windows and central air conditioning. Bathrooms have heating lamps, and kitchens feature eat-in areas with window pass-through dining-bar counters. Situated on a 10,478 square foot lot zoned RM-20, the property is centrally located near canals and offers convenient access to I-95, the Turnpike, and Federal Highway, facilitating travel to employment centers throughout South Florida. Restaurants, markets, and shopping are within walking distance. Currently, seven units are leased, with one recently renovated and vacant. The property is located close to the city's East McNab road project, which includes new sidewalks, drain pipes, and a new bridge, scheduled for completion in 2026. Pompano Beach is experiencing growth, with a new downtown area, fishing pier, nightlife, cultural events, and dining options.
Local Financial Insights For Apartment 5plus
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 | $220.3k | $29.40 |
| − Vacancy | −$11.0k | −$1.47 |
| EGI | $209.3k | $27.93 |
| − OpEx | −$94.2k | −$12.57 |
| NOI | $115.1k | $15.36 |
7,492 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.44M – $1.92M
NOI $115,088 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,532 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Vista Alegre Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.116562
- Latitude
- 26.211635
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property near the beach in Pompano Beach.
Where is this apartment building located?
The property is located at 1420 SE 4th Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime location on the boundary between Pompano Beach & Fort Lauderdale, just 6 minutes (2.1 miles) to the beach.; Strong income potential with an 8‑unit multi‑family building, featuring 7 currently leased units.; Located in a thriving city with significant development projects, like the East McNab road project, making it a great investment opportunity.
