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    Updated Duplex Near Pompano Beach

    321 SE 1st Avenue Pompano Beach, FL 33060

    321 SE 1st Avenue, Pompano Beach, FL, 33060
    $649,900
    For Sale
    Claim this Listing
    $649,900

    MULTI_FAMILY - Pompano Beach, FL

    Property Size1,766 SF
    Price / SF$368.01
    AddedFeb 13, 2025
    Days on Market517
    Last RefreshJul 15 at 7:06 am

    Property Features for 321 SE 1st Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RD-1
    Bedrooms
    3
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
    Window features
    Blinds
    Standard status
    Active
    APN
    494201250050
    Size
    1,766 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    GARDEN ISLES SEC 2 49-6 B LOT 3 & E 8 FT STRIP OF VACATED ALLEY LYING W OF LOT 3 BLK 5
    Tax Annual Amount
    8561

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Terrazzo
    Building materials
    CBS
    Roof type
    Shingle, Composition

    Listing agent Carlos A Montoya License #0623048

    Listing office Fidelity Real Estate Group LLC 10100 W Sample Road Ste.401, CORAL SPRINGS, FL

    Listing date Feb 13, 2025

    MLS# F10486213 Listing URL

    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 updated duplex is located in Pompano Beach, Florida, minutes from beaches and shopping. The property features hurricane impact windows and doors, a new PVC sewer line, and an updated central A/C system. The first unit offers a 2-bedroom, 1-bathroom layout, while the second unit features a 1-bedroom, 1-bathroom layout. Both units are equipped with stackable washers and dryers and have separate electric meters. The property is currently generating an annual gross income of $39,000, with the potential to increase to over $50,000. Annual expenses include taxes of $8,561, lawn maintenance at $720, insurance costs of $6,500, and water and trash $1,800. The property size is 1,766 square feet. The property is zoned RD-1.

    Key Highlights

    • Updated duplex built in 1965 with CBS construction materials and central heat/central A/C
    • Hurricane impact windows and doors plus a new PVC sewer line
    • 2‑bedroom, 1‑bath first unit and large 1‑bedroom, 1‑bath second unit

    Local Financial Insights For Multifamily LT 5

    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 $44.5k $25.20
    − Vacancy −$2.3k −$1.31
    EGI $42.2k $23.89
    − OpEx −$12.7k −$7.17
    NOI $29.5k $16.72
    1,766 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $421.9K
    $369.2K – $492.2K (±1% cap)
    NOI $29,532 @ 7.0% cap · market cap 4.54%
    Second Best
    Apartment 5plus
    $387.5K
    $339.1K – $452.1K (±1% cap)
    NOI $27,128 @ 7.0% cap · market cap 4.17%
    Theoretical Best
    Office A
    $688.7K
    $602.7K – $803.5K (±1% cap)
    NOI $48,212 @ 7.0% cap · market cap 7.42%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Parking Lot & Garage (Bike/Boat/Book/etc) Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Dental Office Florist Restaurant (Bike/Boat/Book/etc) Store Locksmith Acupuncture

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

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    FAQs

    What type of property is this?
    Duplex - Spacious duplex with income potential near beaches and shopping.
    Where is this duplex located?
    The property is located at 321 SE 1st Avenue Pompano Beach, FL.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: Updated duplex built in 1965 with CBS construction materials and central heat/central A/C; Hurricane impact windows and doors plus a new PVC sewer line; 2‑bedroom, 1‑bath first unit and large 1‑bedroom, 1‑bath second unit
    Contact an agent
    (954) 234-7653
    We can help!
    Contact an agent
    Carlos A Montoya
    Carlos A Montoya
    Real Estate License ID: 0623048
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