1020 N Riverside Dr

Pompano Beach, FL 33062

$5,750,000
Price
—
Beds
29
Baths
10,642 Sq. Ft.
$540 / Sq. Ft.
10,642
Sq. Ft.
$540
per Sq. Ft.
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Listed By Compass
Listed By Compass
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Description

Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 75% 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 rental income (long term rents), with an NOI approaching $425,000 annually making this a high-yielding cash-flow investment. Located less than 300 yards from Pompano's pristine...Incredible opportunity to acquire a 28-unit multifamily property located just steps from the beach in booming Pompano Beach. The property is approximately 75% 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 rental income (long term rents), with an NOI approaching $425,000 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! Ideally positioned east of the intracoastal and one block from the Intracoastal, the property is walkable to the beach, Pompano Pier, and the newly revitalized Fishing Village. The unit mix consists of approximately 23 "studios" with each one having its own kitchenette and full bathroom. The remaining five(5) units consist of four (4) oversized studios and the largest unit is a full 1 BD, 1 BA unit. The studio units are rented on long term (annual) leases with an average price of approximately $1,800/month. The larger studios and the 1 BD, 1 BA are averaging closer to $2,000/month.

Ideally positioned east of the intracoastal and one block from the Intracoastal, the property is walkable to the beach, Pompano Pier, and the newly revitalized Fishing Village. This area has become a destination with major public and private investment pouring in, including high-end residential towers, hotel-branded residences, and infrastructure upgrades, including marquee projects like the Waldorf Astoria Residences (70% pre-sold), Ritz-Carlton and Armani/Casa towers, Salato condos, and Mayla multifamily communities  underscoring strong investor confidence. Pompano Beach's transformation into a premier coastal hotspot makes this an attractive long-term hold.

With strong fundamentals, a desirable location, and significant income potential, this is a rare opportunity to invest in one of South Florida's most exciting and fast-growing beachfront markets. Property is projected at a cap rare of 7.25% once property is fully leased out and stabilized.

Listing Agent

  1. Sean Mooney

    Sean Mooney

    Listing Agent

    Compass

    sean.mooney@compass.com

    P: (561)-789-7208

    CallTextEmail

Property Details for 1020 North Riverside Drive

Furnished
Yes
Style
No Pool/No Water
Year Built Numeric
1964
LISTING UPDATED: 04/07/2026 07:34 PM

Property Details for 1020 North Riverside Drive

StatusActive
MLS #R11140438
Days on Market151
Taxes$57,978 / year
HOA Fees-
Condo/Co-op Fees$4,058 / month
Property TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1964
Lot Size0.58 AC / 25,264 SF
CountyBroward County
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Location

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Building Information for 1020 North Riverside Drive

Stories2Residences-Year Built1964Building Size-Lot Size0.58 AC / 25,264 SF

Payment Calculator

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$37,844 per month

30 year fixed, 6.46% Interest

Principal and Interest

$28,954

Property Taxes

$4,832

HOA Dues

$4,058

The Payment Calculator is for illustrative purposes only.

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Property Information for 1020 North Riverside Drive

Summary
Location and General Information
  • Area: 3113
  • City and Location Text: Pompano Beach
  • County Land Code: Broward County
  • County Or Parish: Broward County
  • Geo Lat: 26.247249
  • Information Available: Copy Of Lease(s), Existing Survey, Financial Statement
  • MLS Area: 3113
  • MLS Sub Area: NBEA - North Broward Ocean To Intracoastal (3111-3121), NBEA, North Broward Ocean To Intracoastal (3111-3121)
  • Postal Code: 33062
  • State: FL
  • Street Direction Prefix: N
  • Street #: 1020
  • Zoning: RM-20
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
  • Parcel ID: 484330010670
  • Tax Year: 2024
Property
Lot Information
  • Acres: 0.58
  • Approx Sqft Total Area: 10642
  • Sq Ft: 10642
  • Sq Ft Total: 10,642
  • Property Type: Commercial Sale, Multi Family
Property and Assessments
  • Avail Docs: Copy Of Lease(s), Existing Survey, Financial Statement
  • Construction Type: Multi Family, Composition
  • Document Count: 1
  • Legal Description: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
  • Type: Multi Family
  • Year Built Description: 1964
Utilities
  • Electric Service: True
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: No
  • Guest Accommodations: No
  • Roof: Composition
  • Roof Description: Composition
  • Security Information: Fire Sprinkler System, Smoke Detector(s)
Interior Features
  • Baths Total: 29
  • Building Includes: Building, Land
  • Cooling: Central Building, Electric, Other
  • Flooring: Tile, Vinyl
  • Heating: Central, Electric, Other
  • Heating Description: Central, Electric, Other
  • Maximum Ceiling Height: 9
  • Num Floors: 2
  • Num Toilets: 29
  • Numof Units: 28
Multi Family
Multi Family Information
  • Number of Stories: 2.0
  • Unit Count: 28
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $423,370.00
  • Income & Expenses: Gross Operating Inc: $595,406.00
  • Exp Incl Pool Service: No
  • Gross Operating Income: $423,370
  • Gross Rent Income: $595,406
  • Monthly Income: $595,406
  • Source of Expenses: Owner Provided
Unit Information
Unit 1
  • Baths Full: 23
  • Furnished: Yes
Unit 2
  • Baths Full: 5
  • Furnished: Yes
Rental
Rental Information
  • DXORIGMLNO: RML
  • Tenant Pays: Cable TV, Electricity

Property History for 1020 North Riverside Drive

DateEvent & SourcePriceAppreciation
Apr 1, 2026

Expired

Beaches MLS #R11155485

$5,750,000—
Feb 27, 2026

Price Change

Beaches MLS #R11140438

$5,750,000—
Feb 22, 2026

Listed (Active)

Beaches MLS #R11155485

$5,799,000—
Feb 22, 2026

Listed (Active)

Beaches MLS #R11140438

$5,995,000—
DateEvent & SourcePrice
04/01/2026

Expired

Beaches MLS #R11155485

$5,750,000
02/27/2026

Price Change

Beaches MLS #R11140438

$5,750,000
02/22/2026

Listed (Active)

Beaches MLS #R11155485

$5,799,000
02/22/2026

Listed (Active)

Beaches MLS #R11140438

$5,995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1020 North Riverside Drive

Taxable ValueLand$1,628,120Additions$919,630Total$2,547,750
Tax Record2024$57,978 ($4,832 / month)
Home Facts
Total Finished SqFt5,308 SqFtAbove Grade Finished SqFt5,308 SqFtStories2Lot Size25,048 SqFtStyleHotel / MotelYear Built1964Year Renovated1980ZoningRM-20CountyBROWARDAPN48-43-30-01-0670

Schools near 1020 North Riverside Drive

This home is within Broward.
Rating
School
Type
Grades
Distance
Pompano Beach Elementary School
Public - PK to 5
Pompano Beach Middle School
Public - 6 to 8
Blanche Ely High School
Public - 9 to 12
Pompano Beach High School
Public - 9 to 12
Rating
School
Distance
Pompano Beach Elementary School
PublicPK to 5

Pompano Beach Middle School
Public6 to 8

Blanche Ely High School
Public9 to 12

Pompano Beach High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1020 North Riverside Drive, Pompano Beach, FL 33062

1020 North Riverside Drive is a multi-family home for sale in Pompano Beach, FL 33062. This property was listed for sale on February 22, 2026 by Compass, it's currently listed at $5,750,000. This listing's school district is Broward. Nearby schools include Pompano Beach Elementary School, Pompano Beach Middle School and Blanche Ely High School. 1020 North Riverside Drive is a 0-bed, 29-bath, 10,642 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.