Renovated Side-by-Side
708-710 NE 23rd Avenue, Pompano Beach, FL 33062
For Sale
$995,000
Residential Income, Pompano Beach, FL
Property Size2,192 SF
Lot Size0.14 Acres
Price / SF$453.92
Days on Market271
Property Features for 708-710 NE 23rd Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Fencing
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private entrances
individually fenced backyards
full-size washer and dryer
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Compass Florida LLC
(561) 285-4283
Listed By:
James Lopez · License #3386064
(561) 558-5778
Added: Feb 10
Changed: Nov 2
Last Checked: Nov 7 at 7:06AM
MLS# R11162600
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 2,192-square-foot duplex contains two side-by-side residences, each configured with 2 bedrooms and 1 bathroom across more than 1,000 square feet. Both units have private entrances, individually fenced backyards, open kitchens with quartz countertops, stainless steel appliances, tile flooring, and refreshed bathrooms. Full-size washers and dryers are included in each unit, and separate electric metering supports independent utility management.
The property sits east of Federal Highway in Pompano Beach, with driveway parking, a new driveway, a recent roof, and storm protection through impact windows and shutters. The 0.14-acre site also includes fresh landscaping, white PVC fencing, public water, and public sewer. Beach access, A1A, Pompano Pier, parks, dining, shopping, and major highways are described as minutes away. There is no HOA, and the property is zoned RD-1.
The property sits east of Federal Highway in Pompano Beach, with driveway parking, a new driveway, a recent roof, and storm protection through impact windows and shutters. The 0.14-acre site also includes fresh landscaping, white PVC fencing, public water, and public sewer. Beach access, A1A, Pompano Pier, parks, dining, shopping, and major highways are described as minutes away. There is no HOA, and the property is zoned RD-1.
Key Highlights
- Two side‑by‑side 2BR/1BA units with more than 1,000 SF each
- 2,192 SF duplex on a 0.14‑acre lot
- Separate electric meters and full‑size washer/dryer in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,656
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,120
$733.1K
Cap Rate 7%
$523,657
$523.7K
Cap Rate 9%
$407,289
$407.3K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$55.2K $25.20/SF
− Vacancy
−$2.9K −$1.31/SF
EGI
$52.4K $23.89/SF
− OpEx
−$15.7K −$7.17/SF
NOI
$36.7K $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%
$733,120
Cap Rate 7%
$523,657
Cap Rate 9%
$407,289
Alternative Uses
Best Use
Multifamily LT 5
$523.7K
$458.2K – $610.9K
NOI $36,656 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$481.0K
$420.9K – $561.2K
NOI $33,672 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$854.9K
$748.0K – $997.4K
NOI $59,842 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 33062, FL
25,293
Population
23,059
Households
1.1
Avg Household Size
60
Median Age
48%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
6,485
Density / Sq Mi
$82,955
Median Household Income
$56,828
Median Earnings
$1,888
Median Rent
$511,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pompano Beach, FL
Properties on Market for Duplexes in Pompano Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer private entries, fenced yards, and in-unit laundry.
Where is this duplex located?
The property is located at 708-710 NE 23rd Avenue Pompano Beach, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two side‑by‑side 2BR/1BA units with more than 1,000 SF each; 2,192 SF duplex on a 0.14‑acre lot; Separate electric meters and full‑size washer/dryer in each residence
