Renovated Two-Unit
For Sale
Under Contract
$1,170,000
5120 NE 22nd Avenue, Lighthouse Point, FL 33064
Residential Income, Lighthouse Point, FL
Property Size2,779 SF
Lot Size0.17 Acres
Price / SF$421.01
Days on Market19
Property Features for 5120 NE 22nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-10
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4
Window features
Plantation Shutters
Patio and Porch features
Patio, Porch
Pets allowed
No, Yes
Exterior features
Courtyard, Awning(s), Barbecue, Custom Lighting, Garden, Storage
Fencing
Fenced, Privacy, Gate
Subdivision
POMPANO WATERWAY ESTATES 1ST ADD
Lot features
Corner Lot, Fruit Tree(s), Landscaped, Oversized Lot, Room for Pool
Standard status
Active Under Contract
APN
484307140190
Size
2,779 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
POMPANO WATERWAY ESTATES 1ST ADD 41-49 B LOT 4 BLK 2
Tax Annual Amount
17571
Legal Description
POMPANO WATERWAY ESTATES 1ST ADD 41-49 B LOT 4 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air, Exhaust Fan (Cooling)
Water source
Public
Amenities
impact windows & doors
private fenced backyard
circular paver driveway
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile, Laminate
Building materials
CBS, Concrete Block - No Stucco, Stucco
Roof type
Tile
Additional Structures
Storage
Listing Agency:
EXP Realty
Listed By:
Kacie Marie Anderson · License #3551541
(443) 340-2200
Added: Sep 29
Changed: Oct 5
Last Checked: Oct 17 at 3:06AM
MLS# B26081914
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residences totaling 2,779 square feet on a 0.17-acre parcel. Unit A has two bedrooms, a flex room, two bathrooms and a dedicated laundry room; Unit B has three bedrooms and two bathrooms, plus a separate workspace. Both kitchens and bathrooms have been remodeled, and both units have impact windows and doors. Each residence has a fenced backyard, while a circular paver driveway and side and rear yard provide additional outdoor and vehicle space. The property is zoned RD-10 and was built in 1972.
At 5120 NE 22nd Avenue in Lighthouse Point, the property sits east of Federal Highway. The listing identifies access to Federal Highway and I-95, with Deerfield Beach, Hillsboro Beach, Pompano Beach, the Intracoastal Waterway, marinas and public boat ramps among the nearby destinations. Public water and sewer serve the property.
At 5120 NE 22nd Avenue in Lighthouse Point, the property sits east of Federal Highway. The listing identifies access to Federal Highway and I-95, with Deerfield Beach, Hillsboro Beach, Pompano Beach, the Intracoastal Waterway, marinas and public boat ramps among the nearby destinations. Public water and sewer serve the property.
Key Highlights
- Two residences with 2,779 square feet combined
- Unit A: 2 bedrooms, a flex room, 2 bathrooms and dedicated laundry; Unit B: 3 bedrooms and 2 bathrooms
- 0.17‑acre parcel zoned RD‑10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,325
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,500
$926.5K
Cap Rate 7%
$661,786
$661.8K
Cap Rate 9%
$514,722
$514.7K
Market Conditions
NOI Build-Up for 2,779 SF
Gross rent
$70.0K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$66.2K $23.81/SF
− OpEx
−$19.9K −$7.14/SF
NOI
$46.3K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,500
Cap Rate 7%
$661,786
Cap Rate 9%
$514,722
Alternative Uses
Best Use
Multifamily LT 5
$661.8K
$579.1K – $772.1K
NOI $46,325 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$610.6K
$534.2K – $712.3K
NOI $42,739 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,693 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences pair updated kitchens and baths with private fenced outdoor areas.
Where is this duplex located?
The property is located at 5120 NE 22nd Avenue Lighthouse Point, FL.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: Two residences with 2,779 square feet combined; Unit A: 2 bedrooms, a flex room, 2 bathrooms and dedicated laundry; Unit B: 3 bedrooms and 2 bathrooms; 0.17‑acre parcel zoned RD‑10
