Multifamily Property for Sale in Pompano Beach, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Pompano Beach, FL 33062

Description

Marcus & Millichap is pleased to present Santa Barbara Estates, a 10-unit multifamily property located at 2255 SE 5th Street in Pompano Beach, Florida. Built in 1970, the property totals 5,880 square feet on a 0.24-acre lot. The two-story building is constructed of concrete block with a flat built-up roof and features ten one-bedroom/one-bathroom units averaging 580 square feet each. Ideally positioned in east Pompano Beach, the property is located just minutes from the award-winning Pompano Beach shoreline, the renovated Fisher Family Pier, and the oceanfront Pompano Beach Fishing Village—a vibrant dining, retail, and entertainment destination. Residents benefit from quick access to beachfront parks, walking paths, and the area’s expanding collection of restaurants and boutique offerings. Santa Barbara Estates stands to benefit from extensive ongoing redevelopment throughout Pompano Beach. Major public and private investments—including new luxury residential towers, large-scale mixed-use projects, and the 6-acre Pier redevelopment—are transforming the area into one of South Florida’s most active coastal growth corridors. Continued demand for renovated apartments, proximity to the beach, and limited supply of small multifamily assets make this a compelling investment in a rapidly evolving submarket. Investment Highlights: • Concrete Block, Two-Story 10-Unit Property Minutes From Pompano Beach And The Pier • Walkable To Beachfront Recreation, Dining, Entertainment, And Fishing Village Amenities • Strong Upside Potential Driven By Major Area Redevelopment And Long-Term Demand Growth.

Market Context

This multifamily in Pompano Beach, FL is listed for sale. It is offered at an approximate 5.8% 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 5.8% asking cap rate is in line with the Fort Lauderdale multifamily market average of about 5.8%.

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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