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Updated Duplex in Pompano Beach with Income Potential

Spacious duplex in Pompano Beach featuring 3 bedrooms, updated systems, and strong rental income near beaches and shopping.

$649,900

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MLS #F10486213

Listing Updated: 2026-07-10 12:36:20

Listed By: Fidelity Real Estate Group LLC

Overview

This well-maintained duplex in the heart of Pompano Beach offers a rare opportunity for buyers seeking residential income properties. Built in 1965 and updated with hurricane impact windows, doors, a new PVC sewer line, and a modern central A/C system, the property combines classic charm with essential upgrades. The first unit includes two bedrooms and one bathroom, while the second unit has one bedroom and one bathroom, both equipped with stackable washers and dryers and separate electric meters for convenience.Located just minutes from sandy beaches and shopping centers, this duplex provides easy access to local amenities and coastal lifestyle. Currently generating an annual gross income of $39,000, the property shows potential to increase rental revenue. This makes it suitable for first-time investors or experienced buyers looking for a stable income source in a desirable Florida location.

Property Highlights

Two-unit duplex with 3 total bedrooms and 2 bathrooms. Updated hurricane impact windows and doors. New PVC sewer line and central A/C system. Separate electric meters and laundry in each unit. Close to beaches and shopping. Annual gross income of $39,000 with potential growth.

Property Details

City: Pompano Beach

State: FL

Zip Code: 33060

Address: 321 SE 1st Avenue, Pompano Beach FL 33060

Year Built: 1965

Property Type: Residential Income

Property Sub Type: Duplex

Listing Office Name: Fidelity Real Estate Group LLC

County: Broward County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $8,561

Days On Market: 477 Days

Original Listing Description

Outstanding Investment Opportunity In The Heart Of Pompano Beach! This Spacious, Updated Duplex Is Just Minutes To Sandy Beaches And Shopping. Features Include Hurricane Impact Windows And Doors, A New PVC Sewer Line, And Updated Central A/C System. The First Unit Offers A Generous 2-Bedroom, 1-Bathroom Layout, While The Second Unit Features A Large 1-Bedroom, 1-Bathroom. Both Units Are Equipped With Stackable Washers And Dryers And Have Separate Electric Meters. Currently Generating An Annual Gross Income Of $39,000, With A Potential To Increase To Over $50,000 Plus! Annual Expenses Include Taxes Of $8,561, Lawn Maintenance At $720, Insurance Costs Of $6,500, And Water And Trash $1,800. Great For First Time Investors Or Seasoned Pros!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

321 SE 1st Avenue, Pompano Beach FL 33060

About This Neighborhood

Situated in Pompano Beach, this property benefits from a vibrant neighborhood known for its proximity to sandy beaches and convenient shopping options. The area offers a blend of residential comfort and coastal lifestyle, attracting renters and homeowners alike. Local amenities, including dining and recreational spots, contribute to a balanced living experience. The community is well-established, with easy access to main roads and public services, making it a practical choice for residents.

Walkability & Lifestyle

The duplex is located within walking distance to shopping centers and dining options, offering daily convenience to residents. Proximity to sandy beaches encourages an active, outdoor lifestyle with opportunities for waterfront recreation. The neighborhood supports pedestrian access to local amenities, parks, and entertainment venues, making it suitable for those who value walkability and coastal living.

Things To Do Nearby

Residents of this Pompano Beach duplex enjoy easy access to a variety of activities including beach outings, boating, and waterfront dining. The area features parks and recreational facilities for outdoor enthusiasts, as well as shopping and entertainment options nearby. Cultural attractions and nightlife venues add to the lifestyle appeal, providing diverse experiences within a short distance.

Nearby Schools

Pompano Beach offers access to a variety of educational institutions within reasonable distances, providing options for families and residents. The neighborhood's convenience to schools enhances its appeal for those seeking a balanced living environment. While specific school names are not listed, the area's infrastructure supports educational accessibility, contributing positively to the community's desirability.

Why Buyers Like This Area

Buyers appreciate this Pompano Beach duplex for its combination of location, condition, and income potential. The property's proximity to beaches and shopping enhances everyday living, while updated features reduce maintenance concerns. Separate utilities and laundry facilities add tenant convenience, making it attractive for rental purposes. The neighborhood's established community and accessibility contribute to its appeal for both investors and owner-occupiers.

Investment Potential

This duplex in Pompano Beach offers a solid opportunity for buyers interested in residential income properties. With two separate units generating a combined annual gross income of $39,000, there is room for rental growth given the property's location near popular beaches and shopping areas. Updated systems and separate utilities enhance tenant appeal and ease management. The property suits both first-time investors and seasoned buyers looking for a stable income stream in a sought-after Florida coastal community.

Market Trends

The Pompano Beach real estate market continues to attract interest due to its coastal location and growing amenities. Demand for income properties remains steady, supported by the area's appeal to renters seeking proximity to beaches and urban conveniences. Inventory levels provide options for buyers, while updated properties like this duplex stand out for their condition and income potential. Long-term interest in this market is driven by its lifestyle offerings and accessibility within South Florida.

Rental Income Potential

This duplex currently generates an annual gross income of $39,000, with potential to increase beyond $50,000. The separate electric meters and in-unit laundry facilities enhance tenant convenience, making the units attractive for renters. The property's location near beaches and shopping areas supports consistent tenant interest, including seasonal demand. While expenses such as taxes, insurance, and maintenance are considerations, the rental appeal of this duplex remains strong in the Pompano Beach market.