Duplex with New Roof and
For Sale
$530,000
3560 NW 3rd Avenue, Pompano Beach, FL 33064
MULTI_FAMILY - Pompano Beach, FL
Property Size1,776 SF
Lot Size0.17 Acres
Price / SF$298.42
Days on Market63
Property Features for 3560 NW 3rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-20
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Patio and Porch features
Patio
Pets allowed
No, Yes
Exterior features
Garden, Storage
Subdivision
LOCH LOMOND SEC 1
Lot features
Fruit Tree(s), Room for Pool
Elementary school
C. Robert Markham
Middle school
Crystal Lake
High school
Blanche Ely
Standard status
Active
APN
484223080010
Size
1,776 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOCH LOMOND SEC 1 56-39 B LOT 3 BLK 1
Tax Annual Amount
5283
Legal Description
LOCH LOMOND SEC 1 56-39 B LOT 3 BLK 1
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared backyard
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Concrete Block - With Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Erica Batista · License #3310207
(561) 633-0707
Added: Jun 7
Changed: Aug 8
Last Checked: Aug 8 at 12:06PM
MLS# B26039239
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.
Investment Insights
Based on property information with market context.
This income-producing duplex includes two 2BR/1BA units, each with its own laundry room and separate electric meters. Both units share a spacious backyard area, and the property also offers patio and storage exterior features. Constructed with concrete block and stucco, the home has central heating and central air, with carpet and tile flooring.
The lot measures 0.17 acres and the property size is 1,776 square feet. Built in 1968, the duplex is connected to public water and uses a septic tank for sewer. The roof was replaced in 2024, and new A/C was installed in 2026. Additional utilities include cable available. The tenant-occupied unit has a lease in place through Spring 2027.
Zoned RM-20, this duplex can serve both investors seeking rental stability and owner-occupants who want to live in one unit while the other supports income.
The lot measures 0.17 acres and the property size is 1,776 square feet. Built in 1968, the duplex is connected to public water and uses a septic tank for sewer. The roof was replaced in 2024, and new A/C was installed in 2026. Additional utilities include cable available. The tenant-occupied unit has a lease in place through Spring 2027.
Zoned RM-20, this duplex can serve both investors seeking rental stability and owner-occupants who want to live in one unit while the other supports income.
Key Highlights
- Duplex with two 2BR/1BA units, each with its own laundry room and separate electric meters
- Tenant‑occupied unit with a lease in place through Spring 2027
- Roof replaced in 2024 and new A/C installed in 2026
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
$29,700
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
5.60%
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%
$594,000
$594.0K
Cap Rate 7%
$424,286
$424.3K
Cap Rate 9%
$330,000
$330.0K
Market Conditions
NOI Build-Up for 1,776 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
$44.8K $25.20/SF
− Vacancy
−$2.3K −$1.31/SF
EGI
$42.4K $23.89/SF
− OpEx
−$12.7K −$7.17/SF
NOI
$29.7K $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%
$594,000
Cap Rate 7%
$424,286
Cap Rate 9%
$330,000
Alternative Uses
Best Use
Multifamily LT 5
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$389.7K
$341.0K – $454.7K
NOI $27,282 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$692.6K
$606.1K – $808.1K
NOI $48,485 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
874
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 - Duplex in RM-20 zoning with two 2BR/1BA units, separate electric meters, and central HVAC.
Where is this duplex located?
The property is located at 3560 NW 3rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Duplex with two 2BR/1BA units, each with its own laundry room and separate electric meters; Tenant‑occupied unit with a lease in place through Spring 2027; Roof replaced in 2024 and new A/C installed in 2026
