Waterfront Apartment Building With
1361 NE 27 Way, Pompano Beach, FL
For Sale
$1,690,000
Commercial Sale, Pompano Beach, FL
Property Size4,547 SF
Lot Size0.18 Acres
Price / SF$371.67
Days on Market186
Property Features for 1361 NE 27 Way
General Information
Property type
Property subtype
Zoning
Parking
Security features
Fencing
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Amenities
central air conditioning
screened patios
enclosed patio
dock
brick paver walkways
aluminum railings
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
The Keyes Company
(954) 467-0105
Listed By:
Ross Z Herman · License #372598
(954) 563-6800
Added: May 6
Changed: Oct 7
Last Checked: Nov 7 at 6:06AM
MLS# B26025157
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.
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Investment Insights
Based on property information with market context.
This multifamily property contains five two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment within a 4,547-square-foot building. Every unit includes central air conditioning, remodeled kitchens, bathrooms, and flooring. Five apartments have screened patios, while the remaining unit has an enclosed patio. The 1968 building features CBS construction, tile flooring, newer windows and doors, aluminum railings, brick paver walkways, and a completed 2021 recertification.
The 0.18-acre property is positioned on a deep-waterway setting east of Federal Highway, with a navigable dock measuring appx 33 feet and water and electric available. The dock provides access through a nearby inlet toward the Atlantic Ocean without a fixed bridge. The property is approximately 1/2 mile from the beach and includes public water and public sewer service. RM-20 zoning applies.
The 0.18-acre property is positioned on a deep-waterway setting east of Federal Highway, with a navigable dock measuring appx 33 feet and water and electric available. The dock provides access through a nearby inlet toward the Atlantic Ocean without a fixed bridge. The property is approximately 1/2 mile from the beach and includes public water and public sewer service. RM-20 zoning applies.
Key Highlights
- Five 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit
- Navigable dock measuring appx 33 feet with water and electric available
- 4,547‑square‑foot building on a 0.18‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,849
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,980
$1.4M
Cap Rate 7%
$997,843
$997.8K
Cap Rate 9%
$776,100
$776.1K
Market Conditions
NOI Build-Up for 4,547 SF
Gross rent
$133.7K $29.40/SF
− Vacancy
−$6.7K −$1.47/SF
EGI
$127.0K $27.93/SF
− OpEx
−$57.1K −$12.57/SF
NOI
$69.8K $15.36/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,980
Cap Rate 7%
$997,843
Cap Rate 9%
$776,100
Alternative Uses
Best Use
Apartment 5plus
$997.8K
$873.1K – $1.16M
NOI $69,849 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,133 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,279
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Market
Average Price Trend$/SF for Apartment buildings in Pompano Beach, FL
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with remodeled interiors, central air, and private patio space.
Where is this apartment building located?
The property is located at 1361 NE 27 Way Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Five 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit; Navigable dock measuring appx 33 feet with water and electric available; 4,547‑square‑foot building on a 0.18‑acre lot
