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Renovated 6-Unit Multifamily Property
For Sale
$1,749,000

16-620 Sw 7th St, Fort Lauderdale, FL 33301

Six-unit multifamily with four 1-bedroom units featuring private fenced backyards and two studio units on a single lot.

Property SizeContact for details
Lot Size0.19 Acres
Days on Market43

Property Features for 16-620 Sw 7th St

General Information

Standard status Active
Lot size 0.19 Acres

Additional Details

Furnished Yes
Fenced Yard Yes
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $25,710
Listing Agency: LoKation
Listed By: Patrizia Caterina Goglio · License #3370734
Source: Exprealty
Added: Jun 29 Changed: Aug 10 Last Checked: Aug 10 at 9:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation

Investment Insights

Based on property information with market context.

This rare legal 6-unit multifamily property includes four 1-bedroom/1-bath units and two studio units on an 8,075 SF lot. A key tenant feature is that all four 1-bedroom units have private fenced backyards, creating a single-family-home feel within a multifamily setting. The property is being sold fully furnished, including furniture, appliances, and an existing operational setup.

Extensive renovations and capital improvements were completed in 2018/2019 with permits. The property also has six separate electric meters and one master water meter. The asset is located in Tarpon River, with access to Downtown Fort Lauderdale, Las Olas, Brightline, the beaches, the airport, and major employment corridors.

Key Highlights

  • Rare legal 6‑unit multifamily in Fort Lauderdale’s Tarpon River neighborhood
  • Layout includes four 1 bed/1 bath units and two studio units on an 8,075 SF lot
  • Each of the four 1‑bedroom units has a private fenced backyard

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Barber Shop Clothing & Fashion Store Tanning Salon Mobile Phone Store Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

6,741
Businesses Nearby

Demographics for 33301, FL

19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit multifamily with four 1-bedroom units featuring private fenced backyards and two studio units on a single lot.
Where is this apartment building located?
The property is located at 16-620 Sw 7th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Rare legal 6‑unit multifamily in Fort Lauderdale’s Tarpon River neighborhood; Layout includes four 1 bed/1 bath units and two studio units on an 8,075 SF lot; Each of the four 1‑bedroom units has a private fenced backyard
More about this property
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