Fully Renovated Side-By-Side
For Sale
$995,000
708-710 NE 23rd Avenue, Pompano Beach, FL 33062
MULTI_FAMILY - Pompano Beach, FL
Property Size2,192 SF
Lot Size0.14 Acres
Price / SF$453.92
Days on Market179
Property Features for 708-710 NE 23rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4
Patio and Porch features
Patio, Porch
Fencing
Fenced
Subdivision
FAIR WAY PARK
Elementary school
Pompano Beach
Middle school
Pompano Beach
High school
Blanche Ely
Directions
From US-1 S. Turn left onto NE 6th St. Turn left onto NE 23rd Ave. Destination will be on the right.
Standard status
Active
APN
484331270020
Size
2,192 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIR WAY PARK 37-31 B LOT 2 BLK A
Tax Annual Amount
11177
Legal Description
FAIR WAY PARK 37-31 B LOT 2 BLK A
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Amenities
private entrances
fenced backyards
washer/dryer
impact windows/shutters
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS, Stucco
Roof type
Composition
Listing Agency:
Compass Florida LLC
(561) 285-4283
Listed By:
James Lopez · License #3386064
(561) 558-5778
Added: Feb 10
Changed: Aug 5
Last Checked: Aug 8 at 2:06PM
MLS# R11162600
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 fully renovated side-by-side duplex offers two spacious 2BR/1BA units with private entrances and individually fenced backyards. Each unit provides 1,000+ SF and has been updated top to bottom, including modern open kitchens with quartz countertops, stainless steel appliances, tile flooring, updated bathrooms, fresh landscaping, and white PVC privacy fencing. For convenience, each unit includes a full-size washer and dryer and is separately metered.
The property includes ample driveway parking and storm protection with a mix of impact windows and shutters, plus recent major improvements including a new driveway and roof. Built in 1968 with CBS and stucco construction and a composition roof, the home is served by public water and public sewer.
Zoned RD-1 and located east of Federal Highway in Pompano Beach, the duplex is minutes to the beach, A1A, Pompano Pier, parks, dining, shopping, and major highways. No HOA.
The property includes ample driveway parking and storm protection with a mix of impact windows and shutters, plus recent major improvements including a new driveway and roof. Built in 1968 with CBS and stucco construction and a composition roof, the home is served by public water and public sewer.
Zoned RD-1 and located east of Federal Highway in Pompano Beach, the duplex is minutes to the beach, A1A, Pompano Pier, parks, dining, shopping, and major highways. No HOA.
Key Highlights
- Two 2BR/1BA units side‑by‑side, each with 1,000+ SF and private entrances
- Individually fenced backyards with white PVC privacy fencing and fresh landscaping
- Separately metered units, each with full‑size washer and dryer
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
$36,656
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
3.68%
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%
$733,120
$733.1K
Cap Rate 7%
$523,657
$523.7K
Cap Rate 9%
$407,289
$407.3K
Market Conditions
NOI Build-Up for 2,192 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
$55.2K $25.20/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$52.4K $23.89/SF
− OpEx
−$15.7K −$7.17/SF
NOI
$36.7K $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%
$733,120
Cap Rate 7%
$523,657
Cap Rate 9%
$407,289
Alternative Uses
Best Use
Multifamily LT 5
$523.7K
$458.2K – $610.9K
NOI $36,656 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$481.0K
$420.9K – $561.2K
NOI $33,672 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$854.9K
$748.0K – $997.4K
NOI $59,842 @ 7.0% cap · market cap 6.01%
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
1,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
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 - Side-by-side duplex in RD-1 zoning with two 2BR/1BA units, private entrances, and individually fenced backyards.
Where is this duplex located?
The property is located at 708-710 NE 23rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two 2BR/1BA units side‑by‑side, each with 1,000+ SF and private entrances; Individually fenced backyards with white PVC privacy fencing and fresh landscaping; Separately metered units, each with full‑size washer and dryer
