Duplex with Solar
New
For Sale
$539,900
Pending
1885 NE 53rd St, Pompano Beach, FL 33064
Residential Income, Pompano Beach, FL
Property Size2,009 SF
Days on Market3
Property Features for 1885 NE 53rd St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
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
Pending
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
Flat, Tile
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Roberto Barreto · License #3198539
(954) 243-8678
Added: Sep 5
Last Checked: Sep 7 at 4:06AM
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 duplex property consists of two detached residences on one lot. The primary dwelling contains approximately 1,675 square feet with six bedrooms and two bathrooms. A separate rear efficiency unit measures approximately 240 square feet and provides one bedroom, one bathroom, and a full kitchen. Both residences feature tile flooring, central air conditioning, electric heating, and block construction. The property was built in 1955 and includes a fenced yard, porch, shed, and room for a pool.
A full solar power system serves the entire property. Public water and public sewer are in place, with cable available. The property is situated in East Pompano Beach, west of US-1, with shopping, beaches, and major highways in the surrounding area. The residences are currently occupied, and showings are available by appointment.
A full solar power system serves the entire property. Public water and public sewer are in place, with cable available. The property is situated in East Pompano Beach, west of US-1, with shopping, beaches, and major highways in the surrounding area. The residences are currently occupied, and showings are available by appointment.
Key Highlights
- Two detached residences on one lot
- Primary home offers approximately 1,675 square feet with 6 bedrooms and 2 bathrooms
- Separate rear efficiency unit includes approximately 240 square feet, 1 bedroom, 1 bathroom, and a full kitchen
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
$33,596
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
6.22%
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%
$671,920
$671.9K
Cap Rate 7%
$479,943
$479.9K
Cap Rate 9%
$373,289
$373.3K
Market Conditions
NOI Build-Up for 2,009 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
$50.6K $25.20/SF
− Vacancy
−$2.6K −$1.31/SF
EGI
$48.0K $23.89/SF
− OpEx
−$14.4K −$7.17/SF
NOI
$33.6K $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%
$671,920
Cap Rate 7%
$479,943
Cap Rate 9%
$373,289
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
Location Intelligence
Trade Area within ½ mile
1,452
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two detached residences include a primary home and a separate efficiency unit with full kitchens and independent living arrangements.
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 residences on one lot; Primary home offers approximately 1,675 square feet with 6 bedrooms and 2 bathrooms; Separate rear efficiency unit includes approximately 240 square feet, 1 bedroom, 1 bathroom, and a full kitchen
