Coral Reef Waterfront Rentals — Sale in Pompano Beach, FL

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

Photos

Coral Reef Waterfront Rentals — Sale in Pompano Beach, FL, photo 1 of 2
Coral Reef Waterfront Rentals — Sale in Pompano Beach, FL, photo 2 of 2

Investment Figures

Cap rate
8.22%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Coral Reef Waterfront Rentals, a 10-unit waterfront multifamily property located at 3024 SE 10th Street in Pompano Beach, Florida. Built in 1964, the property consists of a two-story building totaling 6,058 square feet on a 0.30-acre lot, constructed of concrete block with a flat roof. The property is comprised entirely of 10 one-bedroom/one-bathroom units averaging approximately 606 square feet, each equipped with full kitchens, wall-unit air conditioning and balcony/patio space. Recent upgrades include hurricane impact windows and doors throughout, enhancing durability and reducing future capital needs. Coral Reef offers a rare waterfront setting with direct ocean access, featuring approximately 90 feet of dock space, making it highly attractive for both seasonal renters and long-term tenants seeking a coastal lifestyle. Additional amenities include an on-site swimming pool, laundry facility, office and storage space, thus further enhancing tenant appeal and rental potential. Ideally located east of the Intracoastal Waterway on the barrier island, the property is just minutes from Pompano Beach, the Fisher Family Pier, and the Pompano Beach Fishing Village, which features upscale dining, retail, and entertainment. The surrounding area continues to see significant redevelopment activity, including new luxury residential and mixed-use projects that are driving long-term demand and increasing property values. Coral Reef Waterfront Rentals presents a unique opportunity to acquire a waterfront asset with short-term rental upside in one of Broward County’s most desirable coastal submarkets. Investment Highlights: • 10-Unit Waterfront Property With Direct Ocean Access And ~90 Feet Of Dockage • All Units are Large 1 Bedroom/1 Bathroom Floor Plans with Full Kitchens and Balcony/Patio Space • Barrier Island Location East Of The Intracoastal Near The Pier And Beachfront Redevelopment • Concrete Block Construction With Impact Windows

Market Context

This multifamily in Pompano Beach, FL is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Pompano Beach, FL — view the full market.

As of Q4 2025, the Fort Lauderdale multifamily market showed a 5.1% vacancy rate, and average asking rents near $2414.00/unit/mo. Source: multiple brokerage reports, Q4 2025.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Fort Lauderdale multifamily market tightening or softening?
Vacancy is around 5.1% (Q4 2025).

Contact

Explore this market

Similar Multifamily Property for Sale in Pompano Beach, FL