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

Fort Lauderdale, FL, 33304
$ 799,997
Bedrooms-- Baths-- Sq 1,053

Monthly Estimate*

$ 4,926

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Commercial Property for sale in Fort Lauderdale, FL

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

Rare opportunity to acquire income-producing duplex (2 1/1s) w/ additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 30% below 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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Commercial Active

Price

$ 799,997

Property Type

Commercial

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 Public Sewer
Heating Wall Furnace
Cooling Ceiling Fan(s) Wall/Window Unit(s)
Utilities Cable Available Electricity Available Phone Available Sewer Available Water Available
Possession Closing & Funding Close Plus Immediately Negotiable
Roof Composition Shingle
Security Features Other
Construction Materials Block Stucco
Year Built 1957
Electric Separate Meters
Tenant Pays Water
Stories Count 1
Levels One
Unit Number 1-2
Property Subtype Multi Family
Tax Year 2025
County Broward
Property Type Commercial Sale
Status Active
City Fort Lauderdale
Disclosures Owner Is Listing Agent
Senior Community Y/N false
Zoning Description RMM-25
MLS Area 3370
Lot Size Units Square Feet
Listing Terms Cash Conventional Cryptocurrency 1031 Exchange Owner May Carry Owner May CarrySecond
Tax Annual Amount 7203
MLS Area Minor Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Virtual Tour https://www.propertypanorama.com/1219-NE-5th-Terrace-Unit-12-Fort-Lauderdale-FL/unbranded
Standard Status Active
Tax Assessed Value 450800
Expected Active Date 2026-05-28
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
Parking Features Assigned Accessible Parking Covered Guest
Lot Features <1 Acre < 1/4 Acre
Water Source Public
Total Parking 11
Building Area Total 1053
Lot Size Acres 0.23
Covered Spaces 0
Number of Separate Electric Meters 4
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* Excluded Features
List By
United Realty Group Inc.

Broker

MikeSheerRealtor@gmail.com

Email

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
Date Price Price Change Description
6/11/2026 $799,997 Listed Price

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

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