Duplex with Legal
For Sale
$539,900
1885 NE 53rd St, Pompano Beach, FL 33064
MULTI_FAMILY - Pompano Beach, FL
Property Size2,009 SF
Price / SF$268.74
Days on Market11
Property Features for 1885 NE 53rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RS-3
Parking
6
Patio and Porch features
Porch
Exterior features
Fence, Porch, Room For Pool, Shed
Fencing
Fenced
Subdivision
POMPANO BEACH HIGHLANDS 2
Lot features
< 1/4 Acre
Standard status
Active
APN
484307041350
Size
2,009 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
POMPANO BEACH HIGHLANDS 2ND SEC 36-21 B LOT 51 BLK 20
Tax Annual Amount
9717
Legal Description
POMPANO BEACH HIGHLANDS 2ND SEC 36-21 B LOT 51 BLK 20
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
solar power system
Building Details
Year built
1955
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Tile, Flat
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Roberto Barreto · License #3198539
(954) 243-8678
Added: Jul 20
Changed: Jul 29
Last Checked: Jul 30 at 2:06PM
MLS# A12056343
Copyright © 2026 Miami REALTORS®. 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 income-producing property includes two detached living units on one lot, with separate living arrangements under legal efficiency configuration. The main home offers approximately 1,675 square feet with 6 bedrooms and 2 bathrooms and is currently rented for $4,800 per month. A rear efficiency unit of approximately 240 square feet includes 1 bedroom, 1 bathroom, and a full kitchen and is currently rented for $1,200 per month.
According to the remarks, total rental income is $6,000 per month, and the property is powered by a full solar power system intended to cover the entire property with no electric bill. The listing also notes the property is just west of US-1 in East Pompano Beach, near shopping, beaches, and major highways.
Showings are by appointment only, and tenants should not be disturbed.
According to the remarks, total rental income is $6,000 per month, and the property is powered by a full solar power system intended to cover the entire property with no electric bill. The listing also notes the property is just west of US-1 in East Pompano Beach, near shopping, beaches, and major highways.
Showings are by appointment only, and tenants should not be disturbed.
Key Highlights
- Two detached living units on one lot with legal efficiency; main home plus rear efficiency unit
- Main home: approx. 1,675 SF with 6 beds and 2 baths, currently rented for $4,800/month
- Rear efficiency unit: approx. 240 SF with 1 bed, 1 bath, and full kitchen, rented for $1,200/month
Financial Insights For Multifamily LT 5
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 | $50.6k | $25.20 |
| − Vacancy | −$2.6k | −$1.31 |
| EGI | $48.0k | $23.89 |
| − OpEx | −$14.4k | −$7.17 |
| NOI | $33.6k | $16.72 |
2,009 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.9K
$420.0K – $559.9K
NOI $33,596 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$440.9K
$385.8K – $514.4K
NOI $30,861 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$783.5K
$685.6K – $914.1K
NOI $54,846 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
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 - Two detached units on one lot, including a legal efficiency, with solar power to cover the property.
Where is this duplex located?
The property is located at 1885 NE 53rd St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two detached living units on one lot with legal efficiency; main home plus rear efficiency unit; Main home: approx. 1,675 SF with 6 beds and 2 baths, currently rented for $4,800/month; Rear efficiency unit: approx. 240 SF with 1 bed, 1 bath, and full kitchen, rented for $1,200/month
