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3308 SE 3rd Street, Pompano Beach, FL 33062 (MLS# R11121635)

3308 SE 3rd Street, Pompano Beach, FL 33062

$1,250,000

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Virtual Tour

https://www.propertypanorama.com/3308-SE-3rd-Street-Pompano-Beach-FL-33062/unbranded

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Property Type: Residential Income Square Footage: 2,304 Status: Active Under Contract

Current Price: $1,250,000 List Date: 9/06/2025 Last Modified: 4/27/2026

Overview

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.

Listing Details MLS# R11121635

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2304
Building Area Source: Public Records
Living Area Main: 2304
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 1951
Parking Total: 5
Gated Community YN: No
Lot Size Area: 5255
Lot Size Acres: 0.12
Lot Size Dimensions: 105 x 50
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Pool Private YN: No
Spa YN: No

Property Features

Documents Available: None Exterior Features: Awning(s) Fencing: Fenced; Partial; Wood Flooring: Carpet; Tile Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Electricity; None Source Of Expenses: Owner Provided Construction Materials: CBS; Stucco Cooling: Central Air; Electric; Wall/Window Unit(s) Heating: Central; Window/Wall Levels: One Listing Terms: Cash; Conventional Lot Features: Interior Lot Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Negotiable Restrictions: No Restrictions Road Frontage Type: East of US-1 Road Surface Type: Asphalt Roof: Composition; Shingle Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler 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: 24 Hour Notice; 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 Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1350000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 3308
Street Direction Prefix: SE
Street Name: 3rd
Street Suffix: Street
City Name: Pompano Beach
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33062
Postal Zip: 33062
Subdivision Name: Blount Bros Pompano Beach
Area: 3121
Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121)
Elementary School: McNab
Middle Or Junior School: Pompano Beach
High School: Blanche Ely
Special Assessment YN: No
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.

Financial Information

Master Association YN: No
Tax Annual Amount: 14886
Tax Year: 2024
Tax Legal Description: BLOUNT BROS POMPANO BEACH SUB 2-43 B LOT 12 BLK 10
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-04-11T01:48:28Z
Major Change Type: Status Change
Price Change Timestamp: 2026-01-14T03:04:35Z
Status Change Date: 2026-04-10
Under Contract Type: Active Under Contract
Under Contract Date: 2026-04-02

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 4
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 5

Income and Expenses

Annual Total Expense: 37341
Gross Income: 90620
Net Operating Income: 53279

Pet Details

Pet Fee YN: Yes
Pet Fee: 250

Showing Details

Pet(s) on Premises: No
Showing Contact Phone: 954-895-0740
Showing Instructions: Call Listing Agent to set appointment - Do Not Walk Property - Tenenat Occupied

Unit 1 Details

Actual Rent: 3000
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 450

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-04-30
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1600
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 450

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-08-31
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 3060
Baths Full: 2
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 1044

Unit 3 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-07-31
Occupant Type: Tenant

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Unit 4 Details

Actual Rent: 975
Baths Full: Yes
Efficiency YN: Yes
Furnished: Partially
Hotel Room YN: No
SqFt: 360

Unit 4 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-05-15
Occupant Type: Tenant

Unit 4 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 542.53

Originating Details

Originating System Key: 20250905191521140314000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Awning(s): Yes

Flooring

Carpet: Yes
Tile: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

None: Yes

Fencing

Fenced: Yes
Partial: Yes
Wood: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

Electricity: Yes
None: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

View

Garden: Yes

Heating

Central: Yes
Window/Wall: Yes

Sprinkler Description

Auto Sprinkler: Yes

Water Access

None: Yes

Window Features

Blinds: Yes

Construction Materials

CBS: Yes
Stucco: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Interior Lot: Yes

Road Frontage Type

East of US-1: Yes

Road Surface Type

Asphalt: Yes

Roof

Composition: Yes
Shingle: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Air: Yes
Electric: Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Schedule Online: Yes

Main Living Area

Entry Level: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Restrictions

No Restrictions: Yes

Storm Protection Details

None: Yes

Tax Information

No Homestead: Yes

Outdoor Living Spaces

Patio: Yes

Patio Details

Patio - Open: Yes

Unit 1 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Open Parking: Yes

Unit 3 Patio/Porch

Patio/Porch: Yes

Unit 4 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Open Parking: Yes

Unit 4 Patio/Porch

Patio/Porch: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Documents

AirBnB - Pro Forma ›

AirBNB Management Company Info ›

Income & Expenses ›

Listing Office: Lang Realty/BR

Last Updated: April - 27 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.