Cash-Flowing Duplex With Shared
451 SE 1st Avenue, Pompano Beach, FL 33060
MULTI_FAMILY - Pompano Beach, FL
Property size:
2,826 SFLot size:
0.17 AcresPrice / SF:
$327/SF- Added:
- Apr 22, 2026
- Days on Market:
- 57
- Last Refresh:
- Jun 17 at 7:06 am
Property Features for 451 SE 1st Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RD-1
- Bedrooms
- 5
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 2
- Window features
- Storm Window(s)
- Patio and Porch features
- Patio
- Pets allowed
- Yes, Size Limit
- Pool private
- 1
- Exterior features
- Garden
- Fencing
- Fenced
- Standard status
- Active
- APN
- 494201250180
- Size
- 2,826 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GARDEN ISLES SEC 2 49-6 B LOT 16 BLK 5
- Tax Annual Amount
- 15438
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
- Tile - Ceramic
- Building materials
- CBS
- Roof type
- Tile
Listing agent Maria M Acosta License #3129122 (561) 445-9592
Listing office Premier Listings 134 NE 1st Ave, Delray Beach, FL (844) 521-7653
Listing date Apr 22, 2026
MLS# B26018920
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.
HighLights
- Cash‑flowing duplex with a private shared pool; both units are currently rented
- Unit A: 2BR/2BA; Unit B: 3BR/2BA with a very large utility/laundry room and flexible rear space
- Updated interiors in both units with modern kitchens and bathrooms; newer appliances and fresh interior/exterior paint
- Impact windows and doors plus newer roof; no carpet with ceramic tile flooring throughout
- Separate electric meters, public water and public sewer; each unit includes its own washer and dryer
- Fenced layout with private backyards, patio, and ample parking; pool and landscaping maintained by landlord; no HOA approval required
Overview
This duplex includes two updated residential units with private backyards and a fenced layout for added privacy. Unit B offers three bedrooms and two baths, including a very large utility/laundry room and an expansive flexible rear space suited for a family room, office, playroom, or game room. Unit A provides two bedrooms and two baths with its own comfortable layout. Updates include modern kitchens and bathrooms, impact windows and doors, newer appliances, and fresh interior and exterior paint. Flooring is tile throughout with no carpet, along with a newer roof. Each unit has its own washer and dryer and generous storage.
The property is located in Pompano Beach, Florida at 451 SE 1st Avenue, with easy access to I-95 and major South Florida hubs. Additional site features include separate electric meters, ample parking accommodating several vehicles, and a shared pool. The landlord currently maintains the pool and landscaping for convenience. No HOA approval is required.
For investors or buyers seeking a two-unit income property with strong resident functionality, the separate metering, in-unit laundry, and updated finishes support long-term livability for each tenant. The layout also provides multiple room options within Unit B’s rear flexible space and outdoor privacy through each unit’s backyard.
The property is located in Pompano Beach, Florida at 451 SE 1st Avenue, with easy access to I-95 and major South Florida hubs. Additional site features include separate electric meters, ample parking accommodating several vehicles, and a shared pool. The landlord currently maintains the pool and landscaping for convenience. No HOA approval is required.
For investors or buyers seeking a two-unit income property with strong resident functionality, the separate metering, in-unit laundry, and updated finishes support long-term livability for each tenant. The layout also provides multiple room options within Unit B’s rear flexible space and outdoor privacy through each unit’s backyard.
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 | $71.2k | $25.20 |
| − Vacancy | −$3.7k | −$1.31 |
| EGI | $67.5k | $23.89 |
| − OpEx | −$20.3k | −$7.17 |
| NOI | $47.3k | $16.72 |
2,826 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$675.1K
$590.7K – $787.6K
NOI $47,258 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$620.2K
$542.7K – $723.5K
NOI $43,412 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.10M
$964.4K – $1.29M
NOI $77,150 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
TEAI Insurance
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Pompano Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.122362
- Latitude
- 26.224024
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with two updated, separately metered units, impact windows, in-unit laundry, and a shared pool.
Where is this duplex located?
The property is located at 451 SE 1st Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Cash‑flowing duplex with a private shared pool; both units are currently rented; Unit A: 2BR/2BA; Unit B: 3BR/2BA with a very large utility/laundry room and flexible rear space; Updated interiors in both units with modern kitchens and bathrooms; newer appliances and fresh interior/exterior paint
