Duplex with Covered
For Sale
$520,000
700 Southwest 8th Street, Pompano Beach, FL 33060
Two 3-bedroom units on a multifamily-zoned lot, connected by a covered breezeway, offered with month-to-month tenants.
Property Size1,872 SF
Lot Size0.37 Acres
Price / SF$277.78
Days on Market151
Property Features for 700 Southwest 8th Street
General Information
Standard status
Active
Size
1,872 SF
Lot size
0.37 Acres
Property subtype
Residential Income / Duplex
Zoning
R-20
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,804
Amenities
No
Electric, Wall/Window Unit(s)
1.0
Concrete
1
2
Courtyard, Patio, Porch
CBS, Stucco
One
Shingle
Back Yard, Chain Link, Perimeter
Duplex
Single Hung Metal
Courtyard, Garden
Yes
Paved
Porch, Patio, Porch - Open, Patio - Open, Patio - Covered
Building Details
Year Built
1950
Stories
1
Tenancy
Multi
Listing Agency:
Baker and Maxwell R.E. Brokerage
Listed By:
Grazyna Catala · License #3478653
(954) 479-7773
Source:
Compass
Added: May 16
Changed: Oct 13
Last Checked: Oct 12 at 9:32PM
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 Baker and Maxwell R.E. Brokerage
Investment Insights
Based on property information with market context.
This duplex property includes two separate 3-bedroom, 1-bath buildings connected by a covered breezeway/carport on a 0.3663-acre R-20 multifamily-zoned lot. The arrangement supports independent building use while maintaining shared covered access between structures. The home is currently occupied by long-term month-to-month tenants. A substantial renovation is required, including kitchens, bathrooms, flooring, windows, HVAC systems, and other deferred maintenance items.
The site is located in Pompano Beach and is described as being in close proximity to I-95. The property is also listed as being less than 4 miles from the Pompano Beach Pier, placing it within reach of coastal destinations and major roadway connectivity.
For buyers and investors seeking a multifamily-zoned duplex with in-place tenant occupancy, this offering provides a clear renovation scope and an R-20 zoning basis that allows multifamily density of up to 8 units. The configuration and site size may also be of interest to operators looking at redevelopment or higher-density scenarios within the stated zoning parameters. Sellers welcome serious offers.
The site is located in Pompano Beach and is described as being in close proximity to I-95. The property is also listed as being less than 4 miles from the Pompano Beach Pier, placing it within reach of coastal destinations and major roadway connectivity.
For buyers and investors seeking a multifamily-zoned duplex with in-place tenant occupancy, this offering provides a clear renovation scope and an R-20 zoning basis that allows multifamily density of up to 8 units. The configuration and site size may also be of interest to operators looking at redevelopment or higher-density scenarios within the stated zoning parameters. Sellers welcome serious offers.
Key Highlights
- Duplex on a 0.3663‑acre R‑20 multifamily‑zoned lot in Pompano Beach
- Two separate 3‑bedroom, 1‑bath buildings connected by a covered breezeway/carport
- Currently occupied by long‑term month‑to‑month tenants paying below‑market rents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,305
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,100
$626.1K
Cap Rate 7%
$447,214
$447.2K
Cap Rate 9%
$347,833
$347.8K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$47.2K $25.20/SF
− Vacancy
−$2.5K −$1.31/SF
EGI
$44.7K $23.89/SF
− OpEx
−$13.4K −$7.17/SF
NOI
$31.3K $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 Rate 5%
$626,100
Cap Rate 7%
$447,214
Cap Rate 9%
$347,833
Alternative Uses
Best Use
Multifamily LT 5
$447.2K
$391.3K – $521.8K
NOI $31,305 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$410.8K
$359.5K – $479.3K
NOI $28,757 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$730.1K
$638.8K – $851.8K
NOI $51,106 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,094
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two 3-bedroom units on a multifamily-zoned lot, connected by a covered breezeway, offered with month-to-month tenants.
Where is this duplex located?
The property is located at 700 Southwest 8th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Duplex on a 0.3663‑acre R‑20 multifamily‑zoned lot in Pompano Beach; Two separate 3‑bedroom, 1‑bath buildings connected by a covered breezeway/carport; Currently occupied by long‑term month‑to‑month tenants paying below‑market rents
