Two-Building Duplex
For Sale
$520,000
700 SW 8th Street, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size1,872 SF
Lot Size0.37 Acres
Price / SF$277.78
Days on Market77
Property Features for 700 SW 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-20
Bedrooms
6
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4
Patio and Porch features
Porch, Patio
Pets allowed
No, Yes
Exterior features
Courtyard, Garden
Fencing
Chain Link, Perimeter
Subdivision
FAIRVIEW AMENDED PLAT
Lot features
Oversized Lot, Room for Pool
Elementary school
Cypress
Middle school
Pompano Beach
High school
Blanche Ely
Directions
Dixie Hwy. West on SW 8th Street to address.
Standard status
Active
APN
494202031020
Size
1,872 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRVIEW AMENDED PLAT 10-25 B LOT 18,19 BLK 14
Tax Annual Amount
5804
Legal Description
FAIRVIEW AMENDED PLAT 10-25 B LOT 18,19 BLK 14
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Electric, Window Unit(s)
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
CBS, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty Consultants
(954) 688-5400
Listed By:
Cynthia L Heelan · License #3365882
(954) 288-5851
Added: Jun 16
Changed: Aug 19
Last Checked: Aug 31 at 9:06AM
MLS# B26041945
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 duplex comprises two separate 3-bedroom, 1-bathroom buildings connected by a covered breezeway and carport. The property contains 1,872 square feet and was built in 1950, with CBS and stucco construction, concrete flooring, shingle roofing, public water and public sewer. Exterior features include a courtyard, garden, porch, patio, and perimeter chain-link fencing. Cooling is provided by wall, window, and electric units.
The property is located at 700 SW 8th Street in Pompano Beach, with access to I-95 and a location less than 4 miles from the Pompano Beach Pier. Both residences are currently occupied by long-term, month-to-month tenants.
RM-20 zoning supports multifamily density of up to 8 units. The existing improvements require substantial work, including updates to the kitchens, bathrooms, flooring, windows, HVAC systems, and other deferred maintenance items.
The property is located at 700 SW 8th Street in Pompano Beach, with access to I-95 and a location less than 4 miles from the Pompano Beach Pier. Both residences are currently occupied by long-term, month-to-month tenants.
RM-20 zoning supports multifamily density of up to 8 units. The existing improvements require substantial work, including updates to the kitchens, bathrooms, flooring, windows, HVAC systems, and other deferred maintenance items.
Key Highlights
- Two separate 3‑bed, 1‑bath buildings connected by a covered breezeway and carport
- 1,872 square feet across the duplex
- RM‑20 zoning allows multifamily density of up to 8 units
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
$31,305
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
6.02%
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%
$626,100
$626.1K
Cap Rate 7%
$447,214
$447.2K
Cap Rate 9%
$347,833
$347.8K
Market Conditions
NOI Build-Up for 1,872 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
$47.2K $25.20/SF
− Vacancy
−$2.5K −$1.31/SF
EGI
$44.7K $23.89/SF
− OpEx
−$13.4K −$7.17/SF
NOI
$31.3K $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%
$626,100
Cap Rate 7%
$447,214
Cap Rate 9%
$347,833
Alternative Uses
Best Use
Multifamily LT 5
$447.2K
$391.3K – $521.8K
NOI $31,305 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$410.8K
$359.5K – $479.3K
NOI $28,757 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,094
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share a covered breezeway and carport on an RM-20 multifamily-zoned lot.
Where is this duplex located?
The property is located at 700 SW 8th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two separate 3‑bed, 1‑bath buildings connected by a covered breezeway and carport; 1,872 square feet across the duplex; RM‑20 zoning allows multifamily density of up to 8 units
