Pompano Beach Duplex
371 SE 1st Avenue Pompano Beach, FL 33060
For Sale
Under Contract
$649,000
MULTI_FAMILY - Pompano Beach, FL
Property Size2,351 SF
Lot Size114.00 Acres
Price / SF$276.05
Days on Market116
Property Features for 371 SE 1st Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RD-1
- Bedrooms
- 4
- Rooms
- Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Exterior features
- Awning(s), Garden
- Fencing
- Chain Link, Fenced
- Standard status
- Active Under Contract
- APN
- 494201250100
- Size
- 2,351 SF
- Lot size
- 114.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GARDEN ISLES SEC 2 49-6 B LOT 8 TOGET WITH E 8 OF VAC 16 FT ALLEY PER ORD NO 67-44 LYING WEST OF LOT 8 BLK 5
- Tax Annual Amount
- 9951
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
- 1965
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Concrete, Tile, Laminate
- Building materials
- Brick, CBS, Stucco
- Roof type
- Tile
Listing Agency:
LoKation
(954) 545-5583
Listed By:
S Abigail Raymond-Dow · License #0687876
(954) 205-2229
Added: Apr 1
Changed: Jul 24
Last Checked: Jul 25 at 7:06PM
MLS# B26009891
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.
Located in Garden Isles, this duplex presents an opportunity to live in one unit and rent out the other. One unit is a 2/2, potentially a 3/2, and is currently rented by a long-term tenant. The second unit is a vacant, remodeled 2/1. Both units include private patios and access to a shared yard. Each unit has its own laundry room and access to a shared two-car carport. The property is located near a supermarket, restaurants, pickleball courts, and a park, with the beach approximately two miles away. The tile roof was replaced in 2004. The air conditioning and water heater in both units have been replaced within the last year. The property size is 2351 square feet on a 114-acre lot. The second unit was renovated in 2026.
Key Highlights
- Duplex built in 1965 with brick/CBS/stucco exterior and a tile roof
- Unit 1 rented long‑term: 2/2 (possible 3/2) with a tenant of 10 years
- Unit 2 renovated in 2026: 2/1 with central air and central heating
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 | $59.2k | $25.20 |
| − Vacancy | −$3.1k | −$1.31 |
| EGI | $56.2k | $23.89 |
| − OpEx | −$16.8k | −$7.17 |
| NOI | $39.3k | $16.72 |
2,351 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.6K
$491.4K – $655.3K
NOI $39,315 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$515.9K
$451.4K – $601.9K
NOI $36,115 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$916.9K
$802.3K – $1.07M
NOI $64,182 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in Garden Isles, close to amenities and the beach.
Where is this duplex located?
The property is located at 371 SE 1st Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Duplex built in 1965 with brick/CBS/stucco exterior and a tile roof; Unit 1 rented long‑term: 2/2 (possible 3/2) with a tenant of 10 years; Unit 2 renovated in 2026: 2/1 with central air and central heating
