7-Unit Multifamily
620 SW 7TH Street, Pompano Beach, FL
For Sale
New
$1,495,000
Commercial Sale, Pompano Beach, FL
Property Size5,247 SF
Lot Size0.32 Acres
Price / SF$284.92
Days on Market1
Property Features for 620 SW 7TH Street
General Information
Property type
Property subtype
Zoning
Parking
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RPM LUXE REALTY
Listed By:
Rodger P Morelli · License FL #3059403
(561) 929-7317
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# B26100077
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,247-square-foot apartment property contains seven units: three two-bedroom, one-bathroom apartments, three one-bedroom, one-bathroom apartments, and a studio. The building was constructed in 1974, has concrete-block construction with stucco, and sits on a 0.32-acre parcel. Recent property work includes a replacement roof and impact windows, along with completion of the 40-year structural and electrical recertification.
All seven units are occupied. The property is zoned B-3 and has public water and sewer service.
All seven units are occupied. The property is zoned B-3 and has public water and sewer service.
Key Highlights
- Seven units: three 2BR/1BA, three 1BR/1BA, and one studio
- 5,247‑square‑foot building on a 0.32‑acre parcel
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,602
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,612,040
$1.6M
Cap Rate 7%
$1,151,457
$1.2M
Cap Rate 9%
$895,578
$895.6K
Market Conditions
NOI Build-Up for 5,247 SF
Gross rent
$154.3K $29.40/SF
− Vacancy
−$7.7K −$1.47/SF
EGI
$146.5K $27.93/SF
− OpEx
−$65.9K −$12.57/SF
NOI
$80.6K $15.36/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,612,040
Cap Rate 7%
$1,151,457
Cap Rate 9%
$895,578
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,602 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,243 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,769
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Pompano Beach, FL
Properties on Market for Apartment buildings in Pompano Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied building with a mix of studios, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 620 SW 7TH Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Seven units: three 2BR/1BA, three 1BR/1BA, and one studio; 5,247‑square‑foot building on a 0.32‑acre parcel; Fully occupied
