Updated Duplex With Separate
For Sale
Contact for pricing
404 NE 4th Street, Pompano Beach, FL 33060
Duplex with two updated 3-bedroom, 1-bath units, separate electric and water meters, and newer A/C systems.
Property Size1,632 SF
Price / SF$422.79
Days on Market320
Property Features for 404 NE 4th Street
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multifamily
Building Details
Year Built
1971
Listing Agency:
Fidelity Real Estate Group
Listed By:
Carlos Montoya
Source:
Crexi
Added: Sep 23, 2025
Changed: Jul 10
Last Checked: Aug 6 at 2:01PM
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 Fidelity Real Estate Group
Investment Insights
Based on property information with market context.
This large duplex offers two spacious units, each featuring three bedrooms and one bath. The property includes newer air conditioning systems, with both units updated and equipped with washer/dryer hookups. Separate electric and water meters support utility separation between the two units, and hurricane shutters are already installed. The exterior and interior have been maintained with recent painting, and Unit A includes newly renovated bathrooms.
Located in Pompano Beach, the property is described as being in the heart of the area and just minutes from sandy beaches and shopping. According to the seller, the current gross totals are $55,488 annually.
The duplex configuration makes it well-suited for an owner-occupant or investor seeking two independent residential income units within a single property. Owner financing is noted as available. The seller has provided estimated annual expenses including lawn care, insurance, taxes, and water, along with a stated potential net income figure; buyers should verify all information and numbers during their due diligence.
Located in Pompano Beach, the property is described as being in the heart of the area and just minutes from sandy beaches and shopping. According to the seller, the current gross totals are $55,488 annually.
The duplex configuration makes it well-suited for an owner-occupant or investor seeking two independent residential income units within a single property. Owner financing is noted as available. The seller has provided estimated annual expenses including lawn care, insurance, taxes, and water, along with a stated potential net income figure; buyers should verify all information and numbers during their due diligence.
Key Highlights
- Large duplex built in 1971 with two spacious units, each offering 3 bedrooms and 1 bath
- Current gross totals $55,488 annually, with potential gross rent of $67,200 annually
- Both units are nicely updated with newer A/C systems (1–2 years)
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
$27,291
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
3.96%
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%
$545,820
$545.8K
Cap Rate 7%
$389,871
$389.9K
Cap Rate 9%
$303,233
$303.2K
Market Conditions
NOI Build-Up for 1,632 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
$41.1K $25.20/SF
− Vacancy
−$2.1K −$1.31/SF
EGI
$39.0K $23.89/SF
− OpEx
−$11.7K −$7.17/SF
NOI
$27.3K $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%
$545,820
Cap Rate 7%
$389,871
Cap Rate 9%
$303,233
Alternative Uses
Best Use
Multifamily LT 5
$389.9K
$341.1K – $454.9K
NOI $27,291 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,070 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$636.5K
$556.9K – $742.6K
NOI $44,554 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
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 with two updated 3-bedroom, 1-bath units, separate electric and water meters, and newer A/C systems.
Where is this duplex located?
The property is located at 404 NE 4th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Large duplex built in 1971 with two spacious units, each offering 3 bedrooms and 1 bath; Current gross totals $55,488 annually, with potential gross rent of $67,200 annually; Both units are nicely updated with newer A/C systems (1–2 years)
