1020 N Riverside Dr

Beds
2
Baths
10,642 Sq. Ft.
$540 / Sq. Ft.
10,642
Sq. Ft.
$540
per Sq. Ft.

Description

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...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!

Listing Agent

  1. Sean Mooney

    Sean Mooney

    Listing Agent

    Compass

    sean.mooney@compass.com

    P: (561)-789-7208

Property Details for 1020 North Riverside Drive

Furnished
Furnished
View
Ocean, Intracoastal
Waterfront Details
None
Waterfront
No
Style
Pool Only
Year Built Numeric
1964
Subdivision
POMPANO BY THE SEA
Waterview Description
Intracoastal, Ocean
LISTING UPDATED: 02/27/2026 10:48 AM

Property Details for 1020 North Riverside Drive

StatusActive
MLS #R11155485
Days on Market54
Taxes$58,197 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1964
Lot Size0.58 AC / 25,264 SF
CountyBroward County
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Building Information for 1020 North Riverside Drive

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

Payment Calculator

$32,874 per month

30 year fixed, 6.15% Interest

Principal and Interest

$28,024

Property Taxes

$4,850

HOA Dues

$0

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: 26.247253
  • Information Available: Accounting Statements, Copy Of Lease(s)
  • 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
  • Subdivision Complex Bldg: POMPANO BY THE SEA, POMPANO BY THE SEA
  • Complex Name: POMPANO BY THE SEA, POMPANO BY THE SEA
  • Water Access: None
  • Water View: Intracoastal, Ocean
  • Zoning: RM-20
Taxes and HOA Information
  • Association Fee: $0
  • HOPA: No HOPA
  • Legal Desc: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
  • Parcel ID: 484330010670
  • Tax Information: City/County, No Homestead
  • Tax Year: 2025
School Information
  • Elementary School: Pompano Beach
  • High School: Blanche Ely
  • Middle School: Pompano Beach
  • Senior High School: Blanche Ely
Property
Lot Information
  • Acreage Description: 1/2 To Less Than 1 Acre Lot
  • Acres: 0.58
  • Approx Sqft Total Area: 16086
  • Lot Square Footage: 25264.8
  • Property Condition: Resale
  • Special Info: Sold As-Is
  • Sq Ft: 16086
  • Sq Ft Liv Area: 10642.0
  • Sq Ft Total: 16,086
  • Property Type: Residential Income, Quadruplex
Property and Assessments
  • Avail Docs: Accounting Statements, Copy Of Lease(s)
  • Construction Type: Quadruplex, Composition, Resale, CBS
  • Development: POMPANO BY THE SEA
  • Development Name: POMPANO BY THE SEA
  • Document Count: 1
  • Legal Description: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
  • Type: Quadruplex
  • Year Built Description: 1964
Utilities
  • Electric Service: True
  • On Site Utilities: Sewer Available, Water Available
  • Separate Elec Meters: No
  • Separate Meter: No
  • Separate Wtr Meters: No
  • Sewer Description: Public Sewer
  • Utilities: Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: Yes
  • Construction: CBS
  • Exterior Features: Balcony
  • Gated Community YN: No
  • Guest Accommodations: No
  • Pool Description: In Ground
  • Private Pool: Yes
  • Private Pool Description: In Ground
  • Roof: Composition
  • Roof Description: Composition
  • Subdiv Amenities: Pool
  • Storm Protection: Impact Glass
  • Patio And Porch Features: Porch, Deck, Porch - Open
  • Fencing: Fenced
  • Balcony Details: Balcony - Covered
Interior Features
  • Baths Total: 2
  • Column Description: CBS
  • Cooling: Ceiling Fan(s), Central Individual, Electric
  • Flooring: Tile, Vinyl
  • Heating: Central Building, Central Individual, Electric
  • Heating Description: Central Building, Central Individual, Electric
  • Num Floors: 2
  • Numof Units: 4
  • PatioFeatures: Balcony, Deck, Porch
Multi Family
Multi Family Information
  • Number of Stories: 2.0
  • Unit Count: 4
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $461,847.00
  • Income & Expenses: Annual Total Expense: $102,670.00
  • Income & Expenses: Gross Operating Inc: $564,518.00
  • Exp Incl Pool Service: No
  • Expense Amount: $102,670
  • Gross Operating Income: $461,847
  • Gross Rent Income: $564,518
  • Monthly Income: $564,518
  • Source of Expenses: Owner Provided, Pro Forma
Unit Information
Unit 1
  • Appliances: Microwave, Refrigerator
  • Other Equipment: Air Conditioning Unit
  • Parking Features: Open Parking
  • Rooms: Kitchen
  • Actual Rent: $1,750.00
  • Baths Full: 1
  • Furnished: Furnished
  • SqFt: 350.0
Unit 2
  • Appliances: Microwave, Refrigerator
  • Other Equipment: Air Conditioning Unit
  • Parking Features: Open Parking
  • Rooms: Kitchen
  • Actual Rent: $1,750.00
  • Baths Full: 1
  • Furnished: Furnished
  • SqFt: 350.0
Unit 3
  • Actual Rent: $1,825.00
  • SqFt: 400.0
Unit 4
  • Actual Rent: $1,850.00
  • SqFt: 400.0
Rental
Rental Information
  • DXORIGMLNO: RML
  • Pets on Premises: No
  • Pets On Premises YN: No
  • Rental Price/SqFt: $357.45
  • Tenant Pays: Cable TV

Property History for 1020 North Riverside Drive

DateEvent & SourcePriceAppreciation
Feb 27, 2026

Price Change

Beaches MLS #R11140438

$5,750,000
Feb 27, 2026

Price Change

Beaches MLS #R11155485

$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
02/27/2026

Price Change

Beaches MLS #R11140438

$5,750,000
02/27/2026

Price Change

Beaches MLS #R11155485

$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
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
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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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, 2-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.