1020 N Riverside Dr

Beds
Baths
10,642 Sq. Ft.
$545 / Sq. Ft.
10,642
Sq. Ft.
$545
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 Agents

  1. Sean Mooney

    Sean Mooney

    Listing Agent

    Compass

    sean.mooney@compass.com

    P: (561)-789-7208

  2. James Lopez

    James Lopez

    Alternative Listing Agent

    Compass

    james.lopez@compass.com

    P: (561)-558-5778

Property Details for 1020 North Riverside Drive

Subdivision
POMPANO BY THE SEA
Waterfront
No
Waterfront Details
None
View
Intracoastal, Ocean
Style
Pool Only
LISTING UPDATED: 01/27/2026 12:07 AM

Property Details for 1020 North Riverside Drive

StatusActive
MLS #RX-11155485
Days on Market12
Taxes$58,197 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1964
Lot Size0.58 AC / 25,048 SF
CountyBroward County
Add your commute

Building Information for 1020 North Riverside Drive

Stories2Residences-Year Built1964Building Size-Lot Size0.58 AC / 25,048 SF

Payment Calculator

$33,113 per month

30 year fixed, 6.15% Interest

Principal and Interest

$28,263

Property Taxes

$4,850

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1020 North Riverside Drive

Summary
Location and General Information
  • Property Condition: Resale
  • Development Name: POMPANO BY THE SEA
  • Directions: SOUTH ON A1A FROM NE 14TH STREET. TURN RIGHT ONTO NE 11TH STREET. PROPERTY ON LEFT.
  • Geo Area: North Broward Ocean To Intracoastal (3111-3121)
  • Special Info: Sold As-Is
  • Street Number: 1020
  • Subdivision Complex Bldg: POMPANO BY THE SEA
  • Municipal Code: Pompano Beach
  • State: FL
  • City Postal ID: 33062
  • MLS Area: 3113
  • MLS Sub Area: NBEA
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2025
Property
Lot Information
  • Area: 3113
  • HOA Amenities: None
  • Lot Description: 1/2 to < 1 Acre
  • Parcel ID: 484330010670
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 16,086
  • Square Ft Source: Tax Rolls
  • Zoning: RM-20
Property and Assessments
  • Legal Desc: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
  • Sq Ft Liv Area: 10642.0
  • Legal Description: POMPANO BY THE SEA RESUB 1-22 B LOTS 21 & 22 TOG/W LOT ''B'', BLK 8
Utilities
  • Utilities: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Auto Sprinkler, Covered Balcony, Deck, Fence, Open Porch
  • Private Pool: Yes
  • Storm Protection: Impact Glass: Complete
  • Subdiv Amenities: Pool
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Central Individual, Electric
  • Flooring: Tile, Vinyl Floor
  • Heating: Central Building, Central Individual, Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • 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
  • Tenant Pays: Cable
Unit 1
  • Unit 1 Desc: A/C Unit, Kitchen, Microwave, Refrigerator
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 1,750
  • Unit 1 Info: SqFt: 350.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Kitchen, Microwave, Refrigerator
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $1,750
  • Unit 2 Info: SqFt: 350.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Info: Monthly Income: $1,825.00
  • Unit 3 Info: SqFt: 400.0
Unit 4
  • Unit 4 Info: Monthly Income: $1,850.00
  • Unit 4 Info: SqFt: 400.0
Rental
Rental Information
  • Pets on Premises: No

Property History for 1020 North Riverside Drive

DateEvent & SourcePriceAppreciation
Jan 18, 2026

Listed (Active)

RAPB #RX-11155485

$5,799,000
Dec 24, 2025

Price Change

RAPB #RX-11140438

$5,799,000
Nov 13, 2025

Listed (Active)

RAPB #RX-11140438

$5,995,000
DateEvent & SourcePrice
01/18/2026

Listed (Active)

RAPB #RX-11155485

$5,799,000
12/24/2025

Price Change

RAPB #RX-11140438

$5,799,000
11/13/2025

Listed (Active)

RAPB #RX-11140438

$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 January 18, 2026 by Compass, it's currently listed at $5,799,000. 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, 0-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.