2-Unit Duplex with Central
New
For Sale
$499,900
711 SW 7th Street, Pompano Beach, FL 33060
Residential Income, Pompano Beach, FL
Property Size1,696 SF
Lot Size0.14 Acres
Price / SF$294.75
Days on Market1
Property Features for 711 SW 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-20
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Pets allowed
Yes, No
Subdivision
FAIRVIEW AMENDED PLAT
Elementary school
Cypress
Middle school
Pompano Beach
High school
Blanche Ely
Standard status
Active
APN
494202031521
Size
1,696 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRVIEW AMENDED PLAT 10-25 B LOT 34 BLK 16
Tax Annual Amount
6041
Legal Description
FAIRVIEW AMENDED PLAT 10-25 B LOT 34 BLK 16
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central A/C
Building Details
Year built
1969
Floors in Building
1
Number of units
2
Building materials
CBS
Roof type
Shingle
Listing Agency:
Bank On It Realty
(954) 515-0030
Listed By:
Eugene J Schroeder · License #687483
(954) 816-4363
Added: Oct 23
Last Checked: Oct 23 at 8:06PM
MLS# B26092037
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 1,696-square-foot duplex contains two apartments, each configured with two bedrooms and one bathroom. Central air conditioning serves both units, and each has received updates to its interior finishes. The building was constructed in 1969 with CBS materials and sits on a 0.14-acre parcel.
Both apartments are occupied by long-term tenants, and a management arrangement is in place. Separate electrical meters serve the units; tenants cover electricity, while the owner pays for water. The property has public water and sewer service and RM-20 zoning.
Both apartments are occupied by long-term tenants, and a management arrangement is in place. Separate electrical meters serve the units; tenants cover electricity, while the owner pays for water. The property has public water and sewer service and RM-20 zoning.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,696 square feet on a 0.14‑acre parcel
- Long‑term tenants occupy both units; management is in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,362
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
$567.2K
Cap Rate 7%
$405,171
$405.2K
Cap Rate 9%
$315,133
$315.1K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$42.7K $25.20/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$40.5K $23.89/SF
− OpEx
−$12.2K −$7.17/SF
NOI
$28.4K $16.72/SF
Area
Pompano Beach, FL
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,240
Cap Rate 7%
$405,171
Cap Rate 9%
$315,133
Alternative Uses
Best Use
Multifamily LT 5
$405.2K
$354.5K – $472.7K
NOI $28,362 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$372.2K
$325.7K – $434.2K
NOI $26,053 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$661.4K
$578.8K – $771.7K
NOI $46,301 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied by long-term tenants, with separate electrical meters serving each unit.
Where is this duplex located?
The property is located at 711 SW 7th Street Pompano Beach, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,696 square feet on a 0.14‑acre parcel; Long‑term tenants occupy both units; management is in place
