7-Unit Apartment
620 SW 7TH Street, Pompano Beach, FL 33060
For Sale
New
$1,495,000
Residential Income, 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
Bedrooms
Full bathrooms
Rooms
Window features
Pets allowed
Subdivision
Elementary school
Middle school
High school
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# B26100111
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1974, this 7-unit apartment property contains 5,247 square feet on a 0.32-acre parcel. The unit mix includes three 2-bedroom/1-bath apartments, three 1-bedroom/1-bath apartments, and one studio. The building has a new roof and impact windows, and its 40-year structural and electrical recertification has been completed. All seven units are occupied.
The property is zoned B-3 and served by public water and sewer. Construction is concrete block with stucco, and the roof is flat.
The property is zoned B-3 and served by public water and sewer. Construction is concrete block with stucco, and the roof is flat.
Key Highlights
- Seven units: three 2‑bedroom/1‑bath apartments, three 1‑bedroom/1‑bath apartments, and one studio
- 5,247 square feet on a 0.32‑acre parcel
- New roof and impact windows
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?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,769
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - B-3-zoned property is fully occupied and has a mix of studios and one- 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 2‑bedroom/1‑bath apartments, three 1‑bedroom/1‑bath apartments, and one studio; 5,247 square feet on a 0.32‑acre parcel; New roof and impact windows
