Duplex with Private Laundry
For Sale
$530,000
3560 NW 3rd Avenue 1-2, Pompano Beach, FL 33064
Two separately metered residences share a backyard and offer distinct laundry rooms within a compact duplex configuration.
Property Size1,776 SF
Price / SF$298.42
Days on Market92
Property Features for 3560 NW 3rd Avenue 1-2
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$21,600
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,282
Building Details
Building Size
1,776 SF
Year Built
1968
Listing Agency:
LPT Realty, LLC
Listed By:
Erica Batista · License #3310207
(561) 633-0707
Source:
Pamandtoni
Added: Jun 13
Changed: Sep 10
Last Checked: Sep 11 at 3:04PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This 1,776-square-foot duplex contains two 2BR/1BA units, each with a dedicated laundry room and separate electric meter. The property includes a shared backyard, a roof installed in 2024, and new A/C installed in 2026. Built in 1968, the building combines two independent residences within one income-producing asset.
One unit is tenant occupied under a lease extending through Spring 2027, while the second unit is owner occupied. The property is near I-95, Florida's Turnpike, shopping, dining, hospitals, and the beach, providing access to a range of everyday services and regional transportation routes.
One unit is tenant occupied under a lease extending through Spring 2027, while the second unit is owner occupied. The property is near I-95, Florida's Turnpike, shopping, dining, hospitals, and the beach, providing access to a range of everyday services and regional transportation routes.
Key Highlights
- Two 2BR/1BA units totaling 1,776 SF
- Separate laundry rooms and electric meters for each unit
- New roof installed in 2024
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
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences share a backyard and offer distinct laundry rooms within a compact duplex configuration.
Where is this duplex located?
The property is located at 3560 NW 3rd Avenue 1-2 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: Two 2BR/1BA units totaling 1,776 SF; Separate laundry rooms and electric meters for each unit; New roof installed in 2024
