Duplex with Fenced
For Sale
$749,000
617 NW 15th Avenue, Pompano Beach, FL 33069
Residential Income, Pompano Beach, FL
Property Size2,412 SF
Lot Size0.16 Acres
Price / SF$310.53
Days on Market114
Property Features for 617 NW 15th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-4
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Exterior features
Garden
Fencing
Fenced
Subdivision
SEABOARD HIGHLANDS
Elementary school
C. Robert Markham
Middle school
Crystal Lake
High school
Blanche Ely
Standard status
Active
APN
484234020380
Size
2,412 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEABOARD HIGHLANDS 15-30 B LOT 11 BLK 4
Tax Annual Amount
9734
Legal Description
SEABOARD HIGHLANDS 15-30 B LOT 11 BLK 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
central air
laundry room
fenced yard
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Barrel
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jino Kuriakose · License #3285990
(954) 937-5651
Added: Jun 5
Changed: Sep 25
Last Checked: Sep 26 at 3:06AM
MLS# B26038320
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 contains two three-bedroom, two-bath residences totaling 2,412 square feet on a 0.16-acre parcel. Both units feature central air, tiled flooring, carpeted primary bedrooms, ample closet storage, and open white kitchens with side-entry doors. A shared coin-operated laundry room serves the property, while the large fenced yard provides outdoor space for occupants. The building was constructed in 1996 with CBS materials and includes a barrel roof.
The property is located at 617 NW 15th Avenue in Pompano Beach, Florida, within RS-4 zoning. Public water and public sewer serve the site, with PVC sewer pipes and cable availability. Eight parking spaces are provided, supporting the two-unit configuration.
The property is located at 617 NW 15th Avenue in Pompano Beach, Florida, within RS-4 zoning. Public water and public sewer serve the site, with PVC sewer pipes and cable availability. Eight parking spaces are provided, supporting the two-unit configuration.
Key Highlights
- Two‑unit duplex with 3/2 and 3/2 layouts
- 2,412 square feet on a 0.16‑acre lot
- Eight parking spaces and shared coin‑operated laundry room
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
$40,335
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
5.39%
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%
$806,700
$806.7K
Cap Rate 7%
$576,214
$576.2K
Cap Rate 9%
$448,167
$448.2K
Market Conditions
NOI Build-Up for 2,412 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
$60.8K $25.20/SF
− Vacancy
−$3.2K −$1.31/SF
EGI
$57.6K $23.89/SF
− OpEx
−$17.3K −$7.17/SF
NOI
$40.3K $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%
$806,700
Cap Rate 7%
$576,214
Cap Rate 9%
$448,167
Alternative Uses
Best Use
Multifamily LT 5
$576.2K
$504.2K – $672.3K
NOI $40,335 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$529.3K
$463.2K – $617.5K
NOI $37,052 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$940.7K
$823.1K – $1.10M
NOI $65,848 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
Median Home Value
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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 three-bedroom, two-bath units offer shared laundry, central air, and eight parking spaces.
Where is this duplex located?
The property is located at 617 NW 15th Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑unit duplex with 3/2 and 3/2 layouts; 2,412 square feet on a 0.16‑acre lot; Eight parking spaces and shared coin‑operated laundry room
