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Cash-Flowing Duplex with Shared Pool

451 SE 1st Avenue # B #A & B Pompano Beach, FL 33060

451 SE 1st Avenue # B #A & B, Pompano Beach, FL, 33060
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Two updated rental units with private backyards, impact windows, newer roof, and separate electric meters.

Property Size2,826 SF
Price / SF$327.32
AddedApr 23
Days on Market84
Last RefreshJun 20 at 4:02 am

Property Features for 451 SE 1st Avenue # B #A & B

General Information

Standard status
Active
Size
2,826 SF
Property subtype
Multifamily

Building Details

Year Built
1965

Listing office Premier Listings

Listing date Apr 23, 2026

Source Crexi

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 Premier Listings


Investment Insights

Based on property information with market context.

This cash-flowing duplex features two updated, well-maintained residences with private backyards and a shared fenced setting. Unit B is a 3-bedroom, 2-bath layout with a very large utility/laundry room and a flexible rear space that can support a family room, office, playroom, or game room. Unit A offers 2 bedrooms and 2 baths with its own comfortable layout. Both units have modernized kitchens and bathrooms, impact windows and doors, newer appliances, fresh interior and exterior paint, and no-carpet interiors with newer tile flooring. Each unit includes its own washer and dryer and generous storage, and both are supported by separate electric meters. A newer roof and the shared pool, with the landlord currently maintaining pool and landscaping, round out the property’s practical day-to-day features.

The property is positioned just minutes to the beach and is located near Pompano Beach’s downtown corridor. It also benefits from easy access to I-95 and major South Florida hubs, along with proximity to schools, parks, shopping, dining, and entertainment.

For tenants or buyers seeking a straightforward, income-producing duplex setup, this offering provides two currently rented units with separate metering and ample on-site parking for several vehicles. The fenced layout and private outdoor areas support resident privacy, while the lack of HOA approval requirements can simplify ownership and operations.

Key Highlights

  • Cash‑flowing duplex with both units currently rented
  • Two updated units with private backyards; shared fenced layout and separate electric meters
  • Unit B: 3 bedrooms, 2 baths with a very large utility/laundry room plus flexible rear space

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $71.2k $25.20
− Vacancy −$3.7k −$1.31
EGI $67.5k $23.89
− OpEx −$20.3k −$7.17
NOI $47.3k $16.72
2,826 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$675.1K
$590.7K – $787.6K (±1% cap)
NOI $47,258 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$620.2K
$542.7K – $723.5K (±1% cap)
NOI $43,412 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.10M
$964.4K – $1.29M (±1% cap)
NOI $77,150 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Florist Locksmith Clothing & Fashion Store Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two updated rental units with private backyards, impact windows, newer roof, and separate electric meters.
Where is this duplex located?
The property is located at 451 SE 1st Avenue # B #A & B Pompano Beach, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Cash‑flowing duplex with both units currently rented; Two updated units with private backyards; shared fenced layout and separate electric meters; Unit B: 3 bedrooms, 2 baths with a very large utility/laundry room plus flexible rear space
Contact an agent
(561) 445-9592 Call to check price and availability
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