Duplex with Updated
For Sale
$690,000
404 NE 4th Street, Pompano Beach, FL 33060
MULTI_FAMILY - Pompano Beach, FL
Property Size1,632 SF
Price / SF$422.79
Days on Market321
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 4, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 2, Bathroom 1, 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
Amenities
washer/dryer hookups
hurricane shutters
separate electric/water meters
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: Aug 5
Last Checked: Aug 8 at 12:06PM
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 duplex at 404 NE 4th Street provides two spacious units with three bedrooms and one bathroom each. The property includes central heating and central air, tile flooring, and a shingle/composition roof. Construction is CBS with pre-cast concrete construction, and the home was built in 1971.
Both units are described as nicely updated, with newer air conditioning systems installed within the last one to two years. Washer/dryer hookup availability is noted, along with separate electric and water meters for each unit. Hurricane shutters are already installed. The property has been recently painted, and Unit A has newly renovated bathrooms.
Utilities include cable availability and public sewer. The duplex is presented with owner financing available, and includes lawn care, insurance, taxes, and water as operating expenses in the current figures provided by the owner.
Both units are described as nicely updated, with newer air conditioning systems installed within the last one to two years. Washer/dryer hookup availability is noted, along with separate electric and water meters for each unit. Hurricane shutters are already installed. The property has been recently painted, and Unit A has newly renovated bathrooms.
Utilities include cable availability and public sewer. The duplex is presented with owner financing available, and includes lawn care, insurance, taxes, and water as operating expenses in the current figures provided by the owner.
Key Highlights
- Two‑unit duplex with two 3‑bedroom, 1‑bath layouts
- Newer central A/C systems installed 1‑2 years ago
- Separate electric and water meters for each unit
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
Lease Details
2
Residential units
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 offering two 3-bedroom, 1-bath units with newer central A/C, separate utilities, and hurricane shutters.
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: Two‑unit duplex with two 3‑bedroom, 1‑bath layouts; Newer central A/C systems installed 1‑2 years ago; Separate electric and water meters for each unit
