1219 NE 5th Terrace, Unit 1-2Fort Lauderdale FLMLS Number B26033810

  • Price: $799,997
  • 2 Days on Market
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1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL1219 NE 5th Terrace Fort Lauderdale FL
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  • 0.23Acreage
  • 1957Year Built
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
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Boca Raton, FL 33431

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Basic Information

  • Tenant Pays Water
  • Unit Number1-2

Basic Information

  • List Price$799,997
  • MLS NumberB26033810
  • Modification Date05/29/2026
  • Property SubTypeMulti Family
  • Property TypeCommercial Sale
  • StatusACT
  • Virtual TourView Tour

Amenities

  • Accessibility AmenitiesAccessibility Features
  • Cooling Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling YN Yes
  • Security Features Other

Other

  • Date Listed05/28/2026
  • Documents Available Lease, Site Plan, Survey
  • Possession Negotiable
  • Special Listing Conditions Standard

Tax Information

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

Building

  • Building ConstructionBlock, Stucco
  • Year Built1957

Interior

  • Flooring Terrazzo

Exterior

  • Fencing Wood
  • RoofShingle

Property Information

  • Acreage0.23
  • Lot Features < 1/4 Acre
  • Property Sub Type Additional Multi Family

Water Body

  • Water AccessMultiple Meters, Public

Parking

  • Parking Features Assigned, Accessible Parking, Covered, Guest
  • Parking Total 11

Location

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

Utilities

  • Electric Separate Meters
  • Heat SystemWall Furnace
  • Heating YN Yes
  • Utilities Cable Connected, Electricity Connected, Phone Connected, 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

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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