Residential Income Property with B-3
243 S Dixie Hwy W Pompano Beach, FL
For Sale
$699,000
SINGLE_FAMILY - Pompano Beach, FL
Property Size3,589 SF
Lot Size0.22 Acres
Price / SF$194.76
Days on Market100
Property Features for 243 S Dixie Hwy W
General Information
Property type
Residential
Property subtype
Retail
Zoning
B-3
Parking
1
Standard status
Active
APN
494202020050
Size
3,589 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AVONDALE 6-29 B LOTS 18,19 & 20 BLK 1 TOGETHER WITH E 1/2 OF VAC 10 ALLEY LYING W OF & ADJ TO LOTS 18 & 19 & TOGETHER WITH W 1/2 OF VAC'D 10
Tax Annual Amount
2802
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Building materials
CBS
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Anthony Genovese · License #3292034
(561) 667-3000
Added: Apr 19
Changed: Jul 26
Last Checked: Jul 27 at 1:06PM
MLS# B26017643
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 for-sale residential income property is located at 243 S Dixie Hwy W in Pompano Beach, Florida. The property is zoned B-3 and includes 3,589 square feet of building area on a 0.22-acre lot.
The site is presented for buyers interested in a mixed-use zoning designation, with the property’s land area and total size providing the basis for future configuration decisions consistent with B-3 zoning.
All information provided is based on the property details listed, including zoning, lot size, property size, and address.
The site is presented for buyers interested in a mixed-use zoning designation, with the property’s land area and total size providing the basis for future configuration decisions consistent with B-3 zoning.
All information provided is based on the property details listed, including zoning, lot size, property size, and address.
Key Highlights
- Built in 1951 with CBS (concrete block stucco) construction
- Central heating and central air conditioning
- Public water and public sewer
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 | $105.5k | $29.40 |
| − Vacancy | −$5.3k | −$1.47 |
| EGI | $100.2k | $27.93 |
| − OpEx | −$45.1k | −$12.57 |
| NOI | $55.1k | $15.36 |
3,589 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$787.6K
$689.2K – $918.9K
NOI $55,132 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,980 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - For sale at 243 S Dixie Hwy W, a B-3 zoned residential income property with 3,589 square feet.
Where is this single family property located?
The property is located at 243 S Dixie Hwy W Pompano Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Built in 1951 with CBS (concrete block stucco) construction; Central heating and central air conditioning; Public water and public sewer
