RARE OPPORTUNITY TO ACQUIRE AN 8.0% CAP RATE PROPERTY! Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 70% leased and in the process of being fully stabilized, offering immediate upside for investors. At full occupancy, the asset is projected to gross $50,000 per month in long term rental income and an additional $150,000+ from vacation rentals, with an NOI approaching $500,000 annually—making this a high-yielding cash-flow investment. Located less than 300 yards from Pompano's pristine public beaches! Views of both the intracoastal and the ocean!
For sale
Price cut: $49K (3/10)
$5,750,000
1020 N Riverside Drive, Pompano Beach, FL 33062
--beds
2baths
10,642sqft
Est.:
Quadruplex, Multi Family, Multi Family
Built in 1964
-- sqft lot
$5,452,000 Zestimate®
$540/sqft
$-- HOA
What's special
- 65 days |
- 427 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: March 17, 2026 at 06:33am
Listed by:
Sean Mooney 561-789-7208,
Compass Florida LLC
Source: BeachesMLS,MLS#: R11155485
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
Heating
- Central, Electric, Individual
Cooling
- Central Air, Ceiling Fan(s), Electric
Features
- Flooring: Tile, Vinyl
Interior area
- Total structure area: 16,086
- Total interior livable area: 10,642 sqft
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Porch, Balcony
- Exterior features: Balcony, Outdoor Living Area
- Has private pool: Yes
- Pool features: In Ground, Association
- Fencing: Fenced
- Has view: Yes
- View description: Intercoastal, Ocean
- Has water view: Yes
- Water view: Intercoastal,Ocean
- Waterfront features: None
Lot
- Size: 0.58 Acres
- Features: Sprinklers Automatic
Details
- Parcel number: 484330010670
- Zoning: RM-20
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Block
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: POMPANO BY THE SEA
HOA
- Has HOA: No
- Amenities included: Pool
Location
- Region: Pompano Beach
Financial & listing details
- Price per square foot: $540/sqft
- Annual tax amount: $58,197
- Date on market: 2/22/2026
- Cumulative days on market: 65 days
- Listing terms: Cash,Conventional,Owner Will Carry
- Tenant pays: Cable TV
Estimated market value
$5,452,000
$5.12M - $5.72M
$2,733/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/10/2026 | Price change | $5,750,000-0.8%$540/sqft |
Source:  BeachesMLS #R11155485 Report a problem | ||
| 1/18/2026 | Listed for sale | $5,799,000$545/sqft |
Source: BeachesMLS #RX-11155485 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$37,726/mo
Principal & interest
$28239
Property taxes
$9487
More affordability tools
Climate risks
Neighborhood: Beach
Nearby schools
GreatSchools rating
- 4/10Pompano Beach Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 5/10Pompano Beach Middle SchoolGrades: 6-8Distance: 2.1 mi
- 4/10Blanche Ely High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Pompano Beach
- Middle: Pompano Beach
- High: Blanche Ely
Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 33062
- Florida
- Broward County
- Pompano Beach
- 33062
- Beach
- 1020 N Riverside Drive
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