3308 SE 3rd Street, Pompano Beach, FL 33062
$1,250,000
Property Type:
Residential Income
Square Footage:
2,304
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$1,250,000
List Date:
9/06/2025
Last Modified:
3/06/2026
Description
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.
More Information MLS# R11121635
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Contract Date: 2025-09-05
Status: Active
Original List Price: 1350000
List Price: $1,250,000
Current Price: $1,250,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Pompano Beach
Postal Zip: 33062
Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121)
Country: United States
Street Number: 3308
Street Direction Prefix: SE
Street Name: 3rd
Street Suffix: Street
State Or Province: FL
Postal Code: 33062
Subdivision Name: Blount Bros Pompano Beach
Area: 3121
Elementary School: McNab
Middle Or Junior School: Pompano Beach
High School: Blanche Ely
Parcel Number: 494306060970
Zoning: 2-9 Units
Directions: Take Atlantic Blvd east to A1A, go south 3 blocks to SE 3rd st, go right and building is on the left.
Currently Not Used
Number Of Units Total: 5
General Property Information
Living Area Main: 2304
Lot Size Dimensions: 105 x 50
Gated Community YN: No
Lot Size Area: 5255
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: 1
Pool Private YN: No
Spa YN: No
Property Sub Type: Quadruplex
Building Area Main: 2304
Building Area Source: Public Records
Year Built: 1951
Lot Size Acres: 0.12
Office/Member Information
DXORIGMLSID: RML
Association Amenities
Picnic Area: 1
Flooring
Tile: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Sold As-Is: 1
Documents Available
None: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: No
Structure Type
Quadruplex: 1
Tenant Pays
Electricity: 1
None: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Sewer Available: 1
Water Available: 1
View
Garden: 1
Heating
Central: 1
Window/Wall: 1
Water Access
None: 1
Window Features
Blinds: 1
Construction Materials
CBS: 1
Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Road Frontage Type
East of US-1: 1
Roof
Composition: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 37341
Gross Income: 91420
Net Operating Income: 54079
Source Of Expenses
Owner Provided: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Showing Requirements
Schedule Online: 1
Restrictions
No Restrictions: 1
Storm Protection Details
None: 1
Tax Information
No Homestead: 1
Showing Details
Pet(s) on Premises: No
Outdoor Living Spaces
Patio: 1
Patio Details
Patio - Open: 1
Unit 1 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 3000
Baths Full: 1
Beds Total: 1
Furnished: Furnished
SqFt: 450
Unit 1 Lease Description
Lease Expiration: 2026-04-30
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
Open Parking: 1
Unit 1 Patio/Porch
Patio/Porch: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1500
Baths Full: 1
Beds Total: 1
Furnished: Furnished
SqFt: 450
Unit 2 Lease Description
Lease Expiration: 2026-08-31
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Open Parking: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 3020
Baths Full: 2
Beds Total: 3
Furnished: Furnished
SqFt: 1044
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Features
Open Parking: 1
Unit 3 Patio/Porch
Patio/Porch: 1
Unit 4 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Unit 4 Details
Actual Rent: 950
Efficiency YN: Yes
Furnished: Partially
SqFt: 360
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Features
Open Parking: 1
Unit 4 Patio/Porch
Patio/Porch: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 542.53
Financial Information
Tax Annual Amount: 14886
Tax Year: 2024
Tax Legal Description: BLOUNT BROS POMPANO BEACH SUB 2-43 B LOT 12 BLK 10
Status Change Information
Major Change Timestamp: 2026-01-14T03:04:35Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-01-14T03:04:35Z
Status Change Date: 2025-09-05
Originating Details
Originating System Key: 20250905191521140314000000
Originating System ID: M00000170
Property Features
Association Amenities: Picnic Area
Documents Available: None
Flooring: Tile
Property Condition: Resale
Structure Type: Quadruplex
Tenant Pays: Electricity; None
Source Of Expenses: Owner Provided
Construction Materials: CBS; Stucco
Cooling: Central Air; Wall/Window Unit(s)
Heating: Central; Window/Wall
Listing Terms: Cash; Conventional
Possession: Negotiable
Restrictions: No Restrictions
Road Frontage Type: East of US-1
Roof: Composition
Sewer: Public Sewer
Special Information: Sold As-Is
Storm Protection Details: None
Tax Information: No Homestead
Utilities: Cable Available; Sewer Available; Water Available
View: Garden
Water Access: None
Water Source: Public
Window Features: Blinds
Showing Requirements: Schedule Online
Outdoor Living Spaces: Patio
Patio Details: Patio - Open
Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Open Parking
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Open Parking
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Open Parking
Unit 4 Appliances: Dishwasher; Microwave; Range
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: Open Parking
Unit 4 Rooms: Kitchen
Income & Expenses ›
Listing Office:
Lang Realty/BR
Last Updated: March - 06 - 2026
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