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

Current Price: $1,250,000 List Date: 9/06/2025 Last Modified: 3/24/2026

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

Property Sub Type: Quadruplex
Building Area Main: 2304
Building Area Source: Public Records
Living Area Main: 2304
Year Built: 1951
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: Yes
Pool Private YN: No
Spa YN: No

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

Contract Information

Comp Sale YN: No
Listing Contract Date: 2025-09-05
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
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
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

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

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 37341
Gross Income: 91420
Net Operating Income: 54079

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 3000
Baths Full: Yes
Furnished: Furnished
SqFt: 450

Unit 1 Lease Description

Lease Expiration: 2026-04-30

Unit 2 Details

Actual Rent: 1500
Baths Full: Yes
Furnished: Furnished
SqFt: 450

Unit 2 Lease Description

Lease Expiration: 2026-08-31

Unit 3 Details

Actual Rent: 3020
Baths Full: 2
Furnished: Furnished
SqFt: 1044

Unit 4 Details

Actual Rent: 950
Efficiency YN: Yes
Furnished: Partially
SqFt: 360

Price Calculations

Current Price To SqFt: 542.53

Originating Details

Originating System Key: 20250905191521140314000000
Originating System ID: M00000170

Currently Not Used

Number Of Units Total: 5

Office/Member Information

DXORIGMLSID: RML

Association Amenities

Picnic Area: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

None: 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

Water Access

None: Yes

Window Features

Blinds: Yes

Construction Materials

CBS: Yes
Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Road Frontage Type

East of US-1: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

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

Showing Requirements

Schedule Online: 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

Documents

Income & Expenses ›

AirBnB - Pro Forma ›

AirBNB Management Company Info ›

Listing Office: Lang Realty/BR

Last Updated: March - 24 - 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.

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