1219 NE 5th Terrace, Unit 1-2Fort Lauderdale, FL 33304MLS Number B26033753

  • Price: $799,997
  • Est. Mortgage of $/month
  • 2 Days on Market
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Federal 30-year interest rate: 6.51% last updated on May 21, 2026
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1219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 333041219 NE 5th Terrace Fort Lauderdale FL 33304
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  • 0.23Acreage
  • 1957Year Built
  • 1,053Square Feet
Rare opportunity to acquire an income producing duplex (2 1/1s) w/ additional development capacity in Fort Lauderdale's rapidly developing Studio City at OVER 30% OFF market value. Keep the existing duplex (w/separate water & electric meters) & add 8 units for 10 units total. Included site plan shows layout, parking, & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(renovated) per unit. Subject property: partially renovated duplex + 8 units of buildable land; market value ~$1.2M. 1 bed rents:$1.6k-$2.3k/mo. Build cost ~$1.2M. All in:~$2M. Projected value:$3M+ = $1M+ equity. Potential ~10% cap. Opportunity zone. Seller will finance.
Listing by United Realty Group Inc.

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Ocean Estate Properties
Office: 561-504-9226
500 NE Spanish River Boulevard
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Boca Raton, FL 33431

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Basic Information

  • Tenant Pays Electricity, Sewer, Water
  • Unit Number1-2

Parking

  • Parking Total 6

Building

  • Building ConstructionBlock, Stucco
  • Stories1
  • Structure Type Duplex
  • Units2
  • Window Features Storm Window(s)
  • Year Built1957

Interior

  • Flooring Terrazzo

Utilities

  • Heat SystemWall Furnace
  • Heating YN Yes
  • Utilities
    • Cable Available
    • Electricity Connected
    • Other
    • Phone Available
    • Sewer Connected
    • Water Connected
  • Waste Water DisposalPublic Sewer

Legal

  • Disclosures Owner Is Listing Agent
  • Parcel Number 494234032080
  • Universal Parcel Id urn:reso:upi:2.0:US:12011:494234032080

Tax Information

  • Tax Legal Description PROGRESSO 2-18 D LOT 13, 14, 15 BLK 114
  • Tax Year 2025
  • Taxes$7,203

Location

  • Address1219 NE 5th Terrace
  • Area3370
  • Building Number1219
  • CountyBroward
  • StateFL
  • StreetNE 5th Terrace
  • SubdivisionProgresso
  • TownFort Lauderdale
  • Zip33304

Exterior

  • Exterior Features Outdoor Living Area, Other
  • RoofFlat

Amenities

  • Cooling Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling YN Yes
  • PetsNo Pet Restrictions, Yes

Water Body

  • Water AccessMultiple Meters, Public

Other

  • Date Listed05/28/2026
  • Documents Available Financials, Lease, Other, Rent Rolls, Survey
  • Possession Negotiable
  • Special Listing Conditions Standard

School Information

  • Elementary SchoolNorth Side
  • High SchoolFort Lauderdale
  • Junior HighSunrise

Basic Information

  • List Price$799,997
  • MLS NumberB26033753
  • Modification Date05/29/2026
  • Property SubTypeDuplex
  • Property TypeResidential Income
  • StatusACT
  • Virtual TourView Tour

Property Information

  • Acreage0.23
  • Lot Features < 1/4 Acre
  • Lot Size Dimensions 75 x 135
  • Patio And Porch Features Patio, Porch
  • Property Condition Resale
  • Property Sub Type Additional Duplex
  • Square Feet1,053

Based on information submitted to BeachesMLS as of May 29, 2026 2:19 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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