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

Fort Lauderdale, FL
$ 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

B26033810
Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling CeilingFans WallWindowUnits
Utilities CableConnected ElectricityConnected PhoneConnected SewerConnected WaterConnected
Possession Negotiable
Roof Shingle
Security Features Other
Construction Materials Block Stucco
Year Built 1957
Electric SeparateMeters
Tenant Pays Electricity Water
Unit Number 1-2
Property Subtype MultiFamily
Tax Year 2025
Accessibility AccessibilityFeatures
County Broward
Property Type CommercialSale
Status Active
City Fort Lauderdale
Disclosures OwnerIsListingAgent
MLS Area 3370
Tax Annual Amount 7203.21
Virtual Tour https://www.propertypanorama.com/1219-NE-5th-Terrace-Unit-12-Fort-Lauderdale-FL/unbranded
Standard Status Active
Property Sub Type Additional MultiFamily
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
Total Baths 0
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Exterior
Fencing Wood
Parking Features Assigned AccessibleParking Covered Guest
Lot Features LessThanQuarterAcre
Water Source MultipleMeters Public
Total Parking 11
Lot Size Area 10129
Building Area Total 1053
Lot Size Acres 0.23
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/28/2026$799,997 Listed Price

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1219 NE 5th Terrace 1-2, Fort Lauderdale, FL, 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 which is in Fort Lauderdale, FL

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