Updated Duplex With Separate
404 NE 4th Street, Pompano Beach, FL 33060
For Sale
$669,500
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$410.23
Days on Market412
Property Features for 404 NE 4th Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Fidelity Real Estate Group LLC
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Source:
Pamandtoni
Added: Sep 22, 2025
Changed: Nov 2
Last Checked: Nov 6 at 5:15PM
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 LLC
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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 / Yr
$27,291
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
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
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 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 4.08%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,070 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$636.5K
$556.9K – $742.6K
NOI $44,554 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,814
Businesses Nearby
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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
$354,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pompano Beach, FL
Properties on Market for Duplexes in Pompano Beach
Vacancy Rate% for Multifamily in South region
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 $669,500.
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)
