Island Barrier Quadruplex in Pompano Beach's Hillsboro Shores, offers a compelling income-producing investment opportunity. This two-story residential property encompasses 2,288 square feet of finished space across four units, positioned to generate ongoing revenue streams. The waterfront location (short walk to the Inlet beach) adds distinctive appeal and potential for appreciation. Well-suited for owners seeking a multi-unit asset with established rental income potential. Tenants are not to be disturbed. Long-term residents currently occupy the property. ROOF 2016. IMPACT WINDOWS 2016.
Hillsboro Shores, located between the Intracoastal Waterway and the Atlantic Ocean, is a waterfront and beachside Pompano Beach neighborhood with deep-water canals and a walkable shoreline. The mood concentrates around the Hillsboro Inlet Bridge on N Ocean Blvd, where anglers, cyclists, and beachgoers pass marinas and low-key waterfront hangouts. Architecture leans mid-century Florida ranches, updated coastal homes, and canal-front properties with private docks. The Intracoastal edge reads as quiet and nautical, while the ocean side centers on sand, sea oats, and sunrise walks. Nearby anchors like the Hillsboro Inlet Lighthouse, Sands Harbor Resort & Marina, and the Pompano Beach Fisher Family Pier shape local routines. Days move with boat traffic, tide changes, and the steady rhythm of A1A.
Provided by Walk Score and Local Logic
Market insights
3404 Spring St · $1,559,000
DAYS ON MARKET
8 days
The average home goes pending in 62 days.
SALE-TO-LIST
94.2%
Most homes are selling 6% below list price.
LIST PRICE
$1,559,000
Median list price in this area is $785,000. (50% lower than this home)
PRICE DROP
0 price drops
17% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Blinds, drapes, storm windows and rods
Accessible common areas and entrances with grip-accessible features and accessible stairway
Laundry & utility
Common area laundry room
220-volt supply in laundry; circuit breaker electric service
Flooring
Ceramic tile
Engineered wood
Heating & cooling
Central individual heating
Central individual cooling
Ceiling fans
Exterior features
Room for a pool
Landscaped grounds
Oversized lot
Back yard chain-link fencing
RV/boat storage and shed(s)
Home design
Quadruplex
Two-story building
Resale property, updated/remodeled
Located east of US-1 on a city street
Parking
RV/boat storage available
Construction
Stucco/CBS (concrete block with stucco) construction
Flat roof
Built/recorded living area 2,288
Utilities
Public water
Public sewer
Cable available
Electricity available; five separate electric meters
Sewer connected
Water connected
Financial info
Four-unit property
Gross income $61,200
Operating expenses $7,680
Net operating income $37,262
Tenants pay cable TV, electricity and repairs
Pets allowed with no restrictions
Electricity and solar
View estimated energy costs and solar savings for this home
The Multiple-Family Residence 20 (RM-20) district is established and intended to accommodate primarily multifamily dwellings including townhouse development including community residences and recovery communities at moderate densities. The district also accommodates single-family and two-family dwellings, zero-lot-line development, and continuing care retirement communities. Limited neighborhood-serving nonresidential uses, as well as office buildings, financial institutions, hotels/motels, and condo hotels, are allowed as Special Exceptions.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Communications tower
Park & open space
Feb 7, 2017 • Final
A~ building application no co
Remodel
Jun 29, 2010 • Final
A~ plumbing application
Install a new reduced pressure zone backflow preventer.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
6/10 Flood Factor
Estimated 70-78% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 26 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Pompano Beach, FL • 33062
Average low and high temperatures (°F)
74
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88
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76
81
69
78
66
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Feb
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Jun
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Aug
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Sun exposure
88/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3404 Spring St
$1,495,673
$63K under list price of $1.56M
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $920K to $1.7M.