3405 Norfolk St Pompano Beach, FL 33062
Fully renovated fourplex near beach with income potential.
Property Features for 3405 Norfolk St
General Information
- Standard status
- Active
- Size
- 4,153 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1977
Listing office The Keyes Company (786) 209-9088
Listing date Feb 26, 2026
Source Crexi
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 The Keyes Company
Investment Insights
Based on property information with market context.
Key Highlights
- High‑performing, fully furnished and equipped short‑term rental fourplex with active licenses and existing reservations, offering immediate turnkey income potential.
- Prime beachside location in exclusive Hillsboro Shores, east of A1A, with deeded beach access.
- Fully renovated units, each featuring 2 bedrooms, 2 bathrooms, private laundry, patio space, and separate electric meters.
Local 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 | $104.7k | $25.20 |
| − Vacancy | −$5.4k | −$1.31 |
| EGI | $99.2k | $23.89 |
| − OpEx | −$29.8k | −$7.17 |
| NOI | $69.4k | $16.72 |
