Two-Unit
New
For Sale
$474,999
621 NW 3rd Avenue, Pompano Beach, FL 33060
One-story property with two currently occupied units and RM-12 zoning in Pompano Beach.
Property Size950 SF
Price / SF$499
Days on Market4
Property Features for 621 NW 3rd Avenue
General Information
Standard status
Active
Size
950 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 1/1, 1 x 2/1
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1944
Stories
1
Tenancy
Multi
Listing Agency:
Compass Florida LLC
(561) 300-6056
Listed By:
Erik Jeffrey Ginsberg PA · License #3011288
(561) 715-4663
Source:
Lehmannflorida
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 6:59AM
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 Compass Florida LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-story duplex contains 950 square feet of finished living area and was built in 1944. Its two residences are currently rented: one is a one-bedroom, one-bathroom unit under an annual lease, while the other has two bedrooms and one bathroom and is rented month to month.
The property is in Pompano Beach and is zoned RM-12.
The property is in Pompano Beach and is zoned RM-12.
Key Highlights
- Two‑unit duplex with 950 square feet of finished living area
- Both residences currently rented
- One 1‑bedroom, 1‑bathroom unit has an annual lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,887
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,740
$317.7K
Cap Rate 7%
$226,957
$227.0K
Cap Rate 9%
$176,522
$176.5K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$23.9K $25.20/SF
− Vacancy
−$1.2K −$1.31/SF
EGI
$22.7K $23.89/SF
− OpEx
−$6.8K −$7.17/SF
NOI
$15.9K $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 Rate 5%
$317,740
Cap Rate 7%
$226,957
Cap Rate 9%
$176,522
Alternative Uses
Best Use
Multifamily LT 5
$227.0K
$198.6K – $264.8K
NOI $15,887 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$208.5K
$182.4K – $243.2K
NOI $14,593 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$370.5K
$324.2K – $432.3K
NOI $25,935 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,279
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
Frequently Asked Questions
What type of property is this?
Duplex - One-story property with two currently occupied units and RM-12 zoning in Pompano Beach.
Where is this duplex located?
The property is located at 621 NW 3rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $474,999.
What are key features of this property?
This property features: Two‑unit duplex with 950 square feet of finished living area; Both residences currently rented; One 1‑bedroom, 1‑bathroom unit has an annual lease
