$1,250,000
$100K PRICE DROP

Estimated payment $7,675/month

Total Views 4,509
-- Bed
4 Baths
2,304 Sq Ft
$543 Price per Sq Ft

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Picnic Area
  • No HOA
  • Patio
  • Tile Flooring

About This Home

Rare value-add beachside multifamily opportunity just steps from the ocean in Pompano Beach. Legally a 4-unit property with four electric meters but currently configured as five income-producing units. The original 3BR/2BA unit has been thoughtfully split into two 1BR/1BA units and can easily be restored to its original layout if desired. Includes an oversized studio that could convert to a true 1BR with the addition of a wall. Property is underperforming due to several long-term tenants below market rents, offering significant upside. One seasonal unit already demonstrates strong income potential. Ideal for investors seeking rent growth, repositioning potential, or short-term rental strategies such as Airbnb. Buyer to verify future use with the city.

Listing Agent

Jim Boyden

Lang Realty/BR License #619922 Listed on: 09/06/2025

Lang Realty/BR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,886

Year Built

  • Built in 1951

Lot Details

  • 5,255 Sq Ft Lot
  • Lot Dimensions are 105 x 50

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4 Bathrooms
  • 2,304 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring
  • Garden Views

Outdoor Features

  • Patio

Schools

  • Mcnab Elementary School
  • Pompano Beach Middle School
  • Blanche Ely High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 494306060970

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Blount Bros Pompano Beach Subdivision

Amenities

  • Picnic Area

Building Details

  • Gross Income $91,420
  • Net Operating Income $54,079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,886

Year Built

Built in 1951

Lot Details

5,255 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: Take Atlantic Blvd east to A1A, go south 3 blocks to SE 3rd st, go right and building is on the left.
  • Year Built: 1951
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Tile
  • Living Area: 2304.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Garden
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Stucco
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Picnic Area
  • Association: No

Schools

  • Elementary School: McNab
  • High School: Blanche Ely
  • Middle Or Junior School: Pompano Beach

Lot Info

  • Parcel #: 494306060970
  • Lot Size Acres: 0.12
  • Lot Size: 105 x 50
  • Lot Size Sq Ft: 5227.2
  • Mobile Dim Units: Feet
  • Zoning: 2-9 Units

Rental Info

  • Tenant Pays: Electricity, None

Multi Family

  • Property Net Operating Income: 54079.0
  • Number Of Units In Community: 5
  • Annual Gross Income: 91420.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 14886.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $16,530 $704,370 -- --
2025 $14,886 $640,340 -- --
2024 $12,249 $640,340 $105,470 $440,130
2023 $12,249 $529,210 $0 $0
2022 $11,066 $481,100 $0 $0
2021 $9,972 $437,370 $0 $0
2020 $9,264 $461,930 $105,470 $356,460
2019 $8,437 $401,540 $105,470 $296,070
2018 $7,622 $370,490 $105,470 $265,020
2017 $6,802 $298,740 $0 $0
2016 $6,135 $271,590 $0 $0
2015 $5,693 $246,900 $0 $0
2014 $5,281 $226,000 $0 $0
2013 -- $213,490 $105,470 $108,020
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2026 02/11/26 Price Changed $1,250,000 -3.5% $543 / Sq Ft
11/24/2025 11/24/25 Price Changed $1,295,000 -4.1% $562 / Sq Ft
09/05/2025 09/05/25 For Sale $1,350,000 -- $586 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Source: Public Records

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11121635

BeachesMLS (Greater Fort Lauderdale)

APN: 49-43-06-06-0970

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