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$5,799,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 15 hours ago
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RARE OPPORTUNITY TO ACQUIRE AN 8.0% CAP RATE PROPERTY! Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 70% leased and in the process of being fully stabilized, offering immediate upside for investors. At full occupancy, the asset is projected to gross $50,000 per month in long term rental income and an additional $150,000+ from vacation rentals, with an NOI approaching $500,000 annually--making this a high-yielding cash-flow investment. Located less than 300 yards from Pompano's pristine public beaches! Views of both the intracoastal and the ocean!

Full Property Details for 1020 N Riverside Dr

General

  • Price: $5,799,000
  • Taxes: $58,198 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: RX-11155485
  • Updated: 1/18/2026
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Tile, Vinyl Floor

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: In-Ground

Exterior

  • Exterior Features: Auto Sprinkler, Covered Balcony, Deck, Fence, Open Porch

Location

  • Area: 3113
  • County: Broward
  • Development Name: POMPANO BY THE SEA
  • Subdivision: Pompano By The Sea
  • Driving Directions: SOUTH ON A1A FROM NE 14TH STREET. TURN RIGHT ONTO NE 11TH STREET. PROPERTY ON LEFT.

Community

  • Community Features: Pool
  • Home Owners Assn.: None

Heating & Cooling

  • Cooling Type: Ceiling Fan, Central Individual, Electric
  • Heating Type: Central Building, Central Individual, Electric

Utilities

  • Utility Description: Public Sewer, Public Water

Structural Information

  • Architectural Style: Duplex/Triplex/Quad
  • Description/Design: Quad Plex
  • Construction: CBS
  • Roof: Composition Shingles
  • Stories in Building: 2
  • Square Feet: 10,642
  • Sq. Ft. Source: Tax Rolls
  • Year Built: 1964

Unit Information

Unit 1

  • Unit Description: A/C Unit, Kitchen, Microwave, Refrigerator
  • Square Feet: 350
  • Parking: Open Parking

Unit 2

  • Unit Description: A/C Unit, Kitchen, Microwave, Refrigerator
  • Square Feet: 350
  • Parking: Open Parking

Unit 3

  • Square Feet: 400

Unit 4

  • Square Feet: 400

Lot Features

  • Property View: Intracoastal, Ocean
  • Lot Size (Sq. Ft.): 25,048
  • Zoning: RM-20

Water Features

  • Water View: Yes
  • Water Front Desc.: None

Financial Considerations

  • Price Per Sq. Ft.: $544.92
  • Tax Amount: $58,198
  • Tax Year: 2025
  • Terms: Cash, Conventional, Owner
  • Tenant Pays: Cable

Disclosures and Reports

  • Special Conditions: Sold As-Is
  • Legal Description: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
  • Restrictions: Maximum # Vehicles, None
  • APN: 484330010670

Listed by Compass Florida LLC

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Listing agents

— 1020 N Riverside Dr —

  • Compass Florida LLC

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1020 N Riverside Dr

School District:Broward County School District
NameGradesDistance
Pompano Beach Elementary School
700 Northeast 13th Avenue, Pompano Beach, FL 33060
PK-51.3 mi
Pompano Beach Middle School
310 Northeast 6th Street, Pompano Beach, FL 33060
6-82.1 mi
Blanche Ely High School
1201 Northwest 6th Avenue, Pompano Beach, FL 33060
9-122.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1020 N Riverside Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/18/2026
Listed
$5,799,000
87.06%
MLS
6/13/2022
Sold
$3,100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1020 N Riverside Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$57,978
9%
$2,547,750
6%
2023
$53,092
230%
$2,394,410
259%
2022
$16,109
1%
$667,730
—
2021
$15,872
1%
$667,730
—
2019
$15,748
2%
$667,730
—
2018
$15,443
5%
$667,730
—
2017
$14,760
—
$667,730
—
2016
$14,709
-3%
$667,730
—
2015
$15,179
—
$667,730
—
2014
$15,251
-2%
$667,740
—
2013
$15,488
—
$667,740
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Compass Florida LLC

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1020 N Riverside Drive, Pompano Beach, FL 33062 (MLS# RX-11155485) is a Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms. 1020 N Riverside Drive is currently listed for $5,799,000 and was received on January 18, 2026. Want to learn more about 1020 N Riverside Drive? Do you have questions about finding other Multi-Family real estate for sale in Pompano Beach? You can browse all Pompano Beach real estate or contact a Coldwell Banker agent to request more information.

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