Duplex with
New
For Sale
$474,999
621 NW 3rd Avenue, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size950 SF
Lot Size0.11 Acres
Price / SF$499
Days on Market3
Property Features for 621 NW 3rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-12
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Patio and Porch features
Porch
Pets allowed
Cats OK, Yes, Dogs OK, No
Exterior features
Courtyard, Garden
Fencing
Fenced, Chain Link, Gate
Subdivision
J W NEELEYS
Elementary school
Pompano Beach
Middle school
Pompano Beach
High school
Blanche Ely
Standard status
Active
APN
484235140050
Size
950 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
J W NEELEYS SUB 1-71 PB LOT 6
Tax Annual Amount
6876
Legal Description
J W NEELEYS SUB 1-71 PB LOT 6
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Ductless, Central Air, Electric, Heat Pump, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1944
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Concrete, Tile
Building materials
Concrete, Stucco
Roof type
Shingle
Listing Agency:
Compass Florida LLC
(561) 300-6056
Listed By:
Erik Jeffrey Ginsberg PA · License #3011288
(561) 715-4663
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 23 at 9:06PM
MLS# B26091014
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 single-story duplex contains 950 square feet of finished space across two residences. Both units are occupied: one is configured as a 1/1 with an annual lease, while the 2/1 is rented month to month. The property was built in 1944 and sits on a 0.11-acre lot. Exterior features include a courtyard, garden, porch, and fenced yard with a gate. Concrete and stucco are the listed construction materials; public water and sewer serve the property.
At 621 NW 3rd Avenue in Pompano Beach, the duplex is zoned RM-12. The two distinct unit configurations and lease arrangements are part of the existing property setup.
At 621 NW 3rd Avenue in Pompano Beach, the duplex is zoned RM-12. The two distinct unit configurations and lease arrangements are part of the existing property setup.
Key Highlights
- Two rented units: a 1/1 on an annual lease and a 2/1 on a month‑to‑month lease
- 950 square feet of finished space in a single‑story duplex
- 0.11‑acre lot at 621 NW 3rd Avenue, Pompano Beach
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.
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Lease Details
2
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are rented, with one annual lease and one month-to-month tenancy.
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 rented units: a 1/1 on an annual lease and a 2/1 on a month‑to‑month lease; 950 square feet of finished space in a single‑story duplex; 0.11‑acre lot at 621 NW 3rd Avenue, Pompano Beach
