Updated Duplex with Separate
For Sale
$669,500
404 NE 4th Street, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size1,632 SF
Price / SF$410.23
Days on Market367
Property Features for 404 NE 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MULTI
Bedrooms
6
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3
Subdivision
HINSON ADD
Directions
via FL-811 N (n Dixie Hwy & Atlantic Blvd. Head north on FL-811 N toward NE 3rd St. Turn right onto NE 3rd St. Turn left onto NE 3rd Ave. Turn right onto NE 4th St. Destination will be on the right
Standard status
Active
APN
484235180080
Size
1,632 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HINSON ADD 2-7 PB LOT 11 BLK 1
Tax Annual Amount
8128
Legal Description
HINSON ADD 2-7 PB LOT 11 BLK 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS, Pre-Cast Concrete Construction
Roof type
Composition, Shingle
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Sep 22, 2025
Changed: Sep 20
Last Checked: Sep 23 at 12:06AM
MLS# F10526635
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 1,632-square-foot duplex contains two residential units, each with 3 bedrooms and 1 bath. The property was recently painted, and Unit A includes newly renovated bathrooms. Both units have tile flooring, central heating and central air, washer and dryer hookups, and separate electric and water meters. Newer air conditioning systems were installed 1-2 years ago, and hurricane shutters are in place.
Located at 404 NE 4th Street in Pompano Beach, the property is minutes from the area’s beaches and shopping. The building was constructed in 1971 and includes CBS and precast concrete construction, a composition shingle roof, public sewer, cable availability, and MULTI zoning.
Located at 404 NE 4th Street in Pompano Beach, the property is minutes from the area’s beaches and shopping. The building was constructed in 1971 and includes CBS and precast concrete construction, a composition shingle roof, public sewer, cable availability, and MULTI zoning.
Key Highlights
- 1,632 SF duplex with two residential units
- Each unit includes 3 bedrooms and 1 bath
- Newer air conditioning systems installed 1‑2 years ago
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
4.08%
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 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,814
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
Check the figures for this property
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 updated residential units offer central air, laundry hookups, and individual electric and water metering.
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: 1,632 SF duplex with two residential units; Each unit includes 3 bedrooms and 1 bath; Newer air conditioning systems installed 1‑2 years ago
