620 SW 7th Street
Legal 6-Unit Multifamily Asset in Tarpon River Featuring Extensive Renovations & Private Yards
Marketing description
I m glad to present 620 SW 7th St, a rare legal 6-unit multifamily asset located in the highly desirable Tarpon River neighborhood of Fort Lauderdale, Florida. The property consists of four 1-bedroom/1-bath units and two studio units situated on an 8,075 SF lot in one of the city’s most supply-constrained rental markets.
The property has undergone extensive renovations and capital improvements, with major updates completed in 2018/2019 with permits. Additional improvements include updated central A/C systems, new mini split installation in 2025, partial sewer line re-piping, updated electrical infrastructure with Siemens & GE panels, six separate electric meters, and a gas water heater. The property offers investors a stabilized, low-maintenance asset with strong operational fundamentals.
A standout feature that differentiates this asset from traditional multifamily product is that all four 1-bedroom units include private fenced backyard areas, creating a highly desirable “single-family-home feel” that supports strong tenant retention and rental demand.
Tarpon River continues to experience significant redevelopment and long-term appreciation driven by its proximity to Downtown Fort Lauderdale, Las Olas Boulevard, Fort Lauderdale Beach, the airport, Brightline, and major employment corridors. As zoning and redevelopment trends increasingly favor residential projects over new multifamily development, existing multifamily inventory in the area is becoming increasingly scarce.
This offering presents investors with the opportunity to acquire a well-located, income-producing multifamily property with stable cash flow, future rental upside, and long-term appreciation potential in one of South Florida’s most dynamic urban submarkets.
Investment highlights
Here’s a much stronger and more institutional-style version for CREXI / family office buyers:
Rare opportunity to acquire a legal 6-unit multifamily property in the highly desirable Tarpon River neighborhood of Fort Lauderdale. The property consists of four spacious 1-bedroom/1-bath units and two studio units situated on an 8,075 SF lot.
Extensive renovations were completed in 2018/2019 with permits, significantly improving the property’s infrastructure and long-term operational stability. Major capital improvements include central A/C systems from 2000, 2017, 2018, and 2021, a new mini-split system installed in 2025, partial sewer line re-piping, 3-tab roof (2012), gas water heater (2012), and Siemens & GE electrical panels. The property features six separate electric meters and one master water meter.
A highly attractive feature for tenants is that all four 1-bedroom units include private fenced backyard spaces, creating a rare single-family-home feel within a multifamily asset.
Located in one of Fort Lauderdale’s most supply-constrained rental markets, this property benefits from the increasing scarcity of multifamily inventory in the area, where zoning and redevelopment trends are shifting toward residential uses, limiting future multifamily development opportunities.
Ideal for investors seeking stable cash flow, strong rental demand, and long-term appreciation potential in a rapidly evolving neighborhood close to Downtown Fort Lauderdale, Las Olas, beaches, airport, and major transportation corridors.
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