Income-Producing Multifamily
1211 Northeast 23rd Avenue Pompano Beach, FL 33062
1211 Northeast 23rd Avenue, Pompano Beach, FL, 33062
$1,549,000
For Sale
$1,549,000
Six-unit multifamily property in Broward County with strong rental potential.
Property Size4,334 SF
Price / SF$357.41
Days on Market259
Property Features for 1211 Northeast 23rd Avenue
General Information
- Standard status
- Active
- Size
- 4,334 SF
- Property subtype
- Residential Income / Fourplex
Building Details
- Year Built
- 1966
Listing Agency
Keller Williams Eagle Realty
(305) 757-1700
Listed by
Ceyda Huri Hergul · License #3549427
(305) 757-1700
Source
Compass
Added: Nov 3, 2025 Checked: Jul 19 at 4:11 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Eagle Realty
Investment Insights
Based on property information with market context.
This income-producing multifamily property features six units, including two 2-bedroom, 1-bathroom units and four updated 1-bedroom, 1-bathroom units. The well-maintained building offers rental potential and consistent cash flow. The property is located within walking distance of plazas, shopping, dining, and transportation. This stabilized investment property is situated in a high-demand area of Broward County. The property size is 4334 square feet.
Key Highlights
- Income‑producing 6‑unit multifamily property.
- Prime location within walking distance to major plazas, shopping, dining, and transportation.
- Features two 2BD/1BA units and four updated 1BD/1BA units.
Local Financial Insights For Apartment 5plus
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 | $127.4k | $29.40 |
| − Vacancy | −$6.4k | −$1.47 |
| EGI | $121.0k | $27.93 |
| − OpEx | −$54.5k | −$12.57 |
| NOI | $66.6k | $15.36 |
4,334 SF · lease $29.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$951.1K
$832.2K – $1.11M
NOI $66,577 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,318 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Broward County with strong rental potential.
Where is this apartment building located?
The property is located at 1211 Northeast 23rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Income‑producing 6‑unit multifamily property.; Prime location within walking distance to major plazas, shopping, dining, and transportation.; Features two 2BD/1BA units and four updated 1BD/1BA units.
