3308 SE 3rd St Pompano Beach, FL 33062
Beachside Pompano Beach NeighborhoodEstimated payment $7,675/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R11121635
APN: 49-43-06-06-0970
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Ask me questions while you tour the home.