Building Description
Executive Summary
Native Realty is pleased to present a 9-unit multifamily investment opportunity located at 731–733 NE 7th Avenue in Fort Lauderdale. The property consists of two buildings totaling approximately 4,959 square feet, situated on a 10,125 square foot lot in a rapidly developing urban corridor.
The asset features a well-balanced unit mix including one studio/1-bath unit, six 1-bedroom/1-bath units, and two 2-bedroom/1-bath units, appealing to a wide range of tenants. The units offer functional layouts with tile flooring, ample natural light, and updated interiors in select units, providing a clean and attractive living environment.
The property includes on-site parking and a combination of building styles, offering both private and shared outdoor spaces. The units benefit from shared yard areas, enhancing tenant appeal and supporting long-term retention. The layout and configuration provide operational efficiency while maintaining a residential feel.
Zoned RMM-25 (Residential Multifamily Mid-Rise), the property allows for increased density and future redevelopment potential, making it attractive for both yield-focused investors and long-term value-add strategies.
Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and Wilton Manors, the property is positioned within a high-demand rental market driven by ongoing development, employment growth, and proximity to major transportation corridors.
This offering presents an opportunity to acquire a stabilized, income-producing asset with additional upside potential in one of Fort Lauderdale’s most active and evolving submarkets.
Approved Uses by Zoning — Residential Mid Rise Multifamily/Medium High Density (RMM-25 - Residential Mutli-Family)
Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.
Allowed by right
Single Family Dwelling, Single Family Dwelling, Attached: Cluster Dwellings (Sec. 47-18.9), Single Family Dwelling: Zero-lot-line Dwelling (Sec. 47-18.38), Single Family Dwelling, Attached: Duplex/Two (2) Family Dwelling (Sec. 47-18.45), Single Family Dwelling, Attached: Townhouses (Sec. 47-18.33), Multifamily Dwelling: Coach Home (Sec. 47-18.10), Multifamily use, Community Residence, 3 residents maximum (Sec. 47-18.47), Community Residence, 4 to 10 residents; 1,000' distance separation (Sec. 47-18.47), Existing Multifamily Dwelling (Sec. 47-18.39), Active and Passive Park (Sec. 47-18.44), Social Service Residential Facility, Level I (Sec. 47-18.32), Family Day Care Home (Sec. 47-18.8), Urban Agriculture / urban farms and community gardens (Sec. 47-18.41; allowed only where the 47-18.41 zoning/land-use-designation conditions are met)
With special approval
Community Residence, 4 to 10 residents, less than 1,000' distance separation (Sec. 47-18.47), Community Residence, more than 10 residents / Community Residence, no license or certification available (Sec. 47-18.47), Bed and Breakfast Dwelling (Sec. 47-18.6), Hotel (Sec. 47-18.16), Mixed Use Development (Sec. 47-18.21), House of Worship (Sec. 47-18.17), School, Social Service Residential Facility, Level II (Sec. 47-18.32), Small and Intermediate Child Day Care Facility (Sec. 47-18.8), Nursing Homes (Sec. 47-18.23)
Read the full RMM-25 - Residential Mutli-Family zoning guide ›
