Multifamily Property for Sale in Pompano Beach, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Pompano Beach, FL 33060

Description

Located at 211 SW 2nd Ct in Pompano Beach, Florida, Avondale Flats is a 6-unit garden style apartment building was built in 1954, totaling 2,324 square feet. The building boasts a newer roof and hurricane impact windows, ensuring long-term durability and reduced insurance costs. Each unit equipped with a full kitchen and wall unit air conditioners. The property's location is particularly advantageous due to its proximity to the dynamic developments around Pompano Beach City Hall. This area, situated less than 1 mile from the property, is undergoing significant transformation with new commercial, residential, and public projects. The ongoing redevelopment efforts include modern retail spaces, enhanced public facilities, and improved infrastructure, all aimed at boosting the local economy and community appeal. This property will benefit from easy access to local economic drivers and employment drivers as well as various local attractions and essential services. The Pompano Beach Amphitheater, located approximately 2 miles to the east, offers a venue for concerts and cultural events, enriching the community's cultural life. For outdoor enthusiasts, the nearby Pompano Community Park provides extensive recreational facilities, including sports fields, tennis courts, and an aquatic center. Additionally, quality educational institutions such as Pompano Beach High School and Pompano Beach Elementary School are within close reach, making this location ideal for families. The property’s strategic location, combined with the area's development, positions it well to attract a diverse tenant base. This investment property represents a promising opportunity with significant upside potential. The property's sturdy construction, recent upgrades, and prime location within a burgeoning part of Pompano Beach, contributes to its long-term investment value. With the ongoing developments around City Hall expected to drive up property values and rental demand, this property is poised to d

Market Context

This multifamily in Pompano Beach, FL is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Pompano Beach, FL — <a href="/search/sale/multifamily/florida/pompano-beach">view the full market</a>.

As of Q1 2026, the Fort Lauderdale multifamily market showed average asking rents near $2203.00/unit/mo, and cap rates around 5.8%. Source: Consensus Q1 2026 market report.

Its 7.1% asking cap rate is above the Fort Lauderdale multifamily market average of about 5.8%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Fort Lauderdale?
About 5.8% as of Q1 2026, per Consensus.

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