1219 NE 5th Terrace 1-2 Fort Lauderdale, FL $ 799,997
1219 NE 5th Terrace 1-2
$ 799,997
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1219 NE 5th Terrace 1-2

Fort Lauderdale, FL, 33304
$ 799,997
Baths0.0 Sq 1,053

Monthly Estimate*

$ 4,926

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Studio

Single Family Home for sale in Fort Lauderdale, FL

for $799,997. This 1,053 square foot home was built in 1957 on a lot size of 0.23.

Rare opportunity to acquire an income producing duplex w/confirmed 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.

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Single Family Active

Price

$ 799,997

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 7,203

Style

Lot Size

0.23

Year Built

1957

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

B26033753

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling CeilingFans WallWindowUnits
Utilities CableAvailable ElectricityConnected Other PhoneAvailable SewerConnected WaterConnected
Possession Negotiable
Roof Flat
Patio/Porch Features Patio Porch
Construction Materials Block Stucco
Pets Allowed NoPetRestrictions Yes
Year Built 1957
Tenant Pays Electricity Sewer Water
Stories Count 1
Levels One
Unit Number 1-2
Property Subtype Duplex
Tax Year 2025
Accessibility None
County Broward
New Construction false
Property Type ResidentialIncome
Subdivision Name PROGRESSO
Status Active
High School Fort Lauderdale
City Fort Lauderdale
Disclosures OwnerIsListingAgent
Senior Community Y/N false
Number Of Units Total 2
MLS Area 3370
Elementary School North Side
Tax Annual Amount 7203.21
Middle/Junior High School Sunrise
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/1219-NE-5th-Terrace-Unit-12-Fort-Lauderdale-FL-33304/unbranded
Standard Status Active
Property Sub Type Additional Duplex
Legal Description PROGRESSO 2-18 D LOT 13 14 15 BLK 114
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Interior
Flooring Terrazzo
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Window Features StormWindows
Total Baths 0
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Exterior
Exterior Amenities OutdoorLivingArea Other
Lot Features LessThanQuarterAcre
Water Source MultipleMeters Public
Total Parking 6
Lot Size Area 10018.8
Spa false
Building Area Total 1053
Lot Dimensions 75 x 135
Lot Size Acres 0.23
Road Surface Type Paved
Waterfront Y/N false
Road Responsibility PublicMaintainedRoad
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* Excluded Features
List By
Michael J Sheer

Listing Agent

Affordability Calculator

$5,526
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,926
Monthly Property Taxes
$600
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4678045 Elementary School
4205704 Middle School
Fort Lauderdale High School High School
Pricing History
DatePricePrice ChangeDescription
5/28/2026$799,997 Listed Price

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1219 NE 5th Terrace 1-2, Fort Lauderdale, FL, 33304 is a Single Family Home for sale at $799,997 with 1,053 sqft and a lot size of 0.23. 1219 NE 5th Terrace 1-2 is a studio with 0.0 baths and was built in 1957. The property's zip code is 33304 which is in Fort Lauderdale, FL