One-Story Duplex with
For Sale
$499,000
621 NW 3rd Avenue, Pompano Beach, FL 33060
MULTI_FAMILY - Pompano Beach, FL
Property Size902 SF
Lot Size0.11 Acres
Price / SF$553.22
Days on Market55
Property Features for 621 NW 3rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-12
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Pets allowed
No, Cats OK, Yes, Dogs OK
Exterior features
Courtyard, Garden
Fencing
Fenced, Chain Link, Gate
Subdivision
J W NEELEYS
Elementary school
Pompano Beach
Middle school
Pompano Beach
High school
Blanche Ely
Directions
use Google Maps
Standard status
Active
APN
484235140050
Size
902 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
J W NEELEYS SUB 1-71 PB LOT 6
Tax Annual Amount
6876
Legal Description
J W NEELEYS SUB 1-71 PB LOT 6
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Ductless, Central Air, Heat Pump, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1944
Floors in Building
1
Number of units
2
Flooring type
Tile, Tile - Ceramic
Building materials
Concrete, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX Services · RE/MAX International
(561) 912-3500
Listed By:
Eleonora Sari · License #3276575
(561) 777-2337
Added: Jun 23
Changed: Aug 6
Last Checked: Aug 16 at 7:06PM
MLS# B26044656
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 one-story duplex offers a total of 902 square feet of living space, built in 1944. The property includes two bedrooms and two bathrooms, along with a porch, a courtyard, and a fenced yard with a gate. Interior finishes feature ceramic tile flooring. Heating is provided by heat pump and electric systems, and cooling is available through central air plus electric, ceiling fans, heat pump, and ductless equipment.
The duplex is situated on a 0.11-acre lot with public water and public sewer. Exterior construction includes concrete and stucco, and the roof is shingle. There is no HOA.
One unit is currently rented on a month-to-month basis and the tenant is seeking to renew, providing immediate rental occupancy while still supporting owner-occupant use.
The duplex is situated on a 0.11-acre lot with public water and public sewer. Exterior construction includes concrete and stucco, and the roof is shingle. There is no HOA.
One unit is currently rented on a month-to-month basis and the tenant is seeking to renew, providing immediate rental occupancy while still supporting owner-occupant use.
Key Highlights
- Duplex with courtyard and porch plus a fenced yard with gate
- 902 SF total living area in a one‑story layout
- 0.11‑acre lot with public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,084
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,680
$301.7K
Cap Rate 7%
$215,486
$215.5K
Cap Rate 9%
$167,600
$167.6K
Market Conditions
NOI Build-Up for 902 SF
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.
Gross rent
$22.7K $25.20/SF
− Vacancy
−$1.2K −$1.31/SF
EGI
$21.5K $23.89/SF
− OpEx
−$6.5K −$7.17/SF
NOI
$15.1K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,680
Cap Rate 7%
$215,486
Cap Rate 9%
$167,600
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.4K
NOI $15,084 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$197.9K
$173.2K – $230.9K
NOI $13,856 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$351.8K
$307.8K – $410.4K
NOI $24,625 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One-story duplex in RM-12 zoning with courtyard and fenced yard, public utilities, and no HOA.
Where is this duplex located?
The property is located at 621 NW 3rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Duplex with courtyard and porch plus a fenced yard with gate; 902 SF total living area in a one‑story layout; 0.11‑acre lot with public water and public sewer
