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1501 NE 7th Avenue Fort Lauderdale, FL $ 1,647,000
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1501 NE 7th Avenue
$ 1,647,000
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1501 NE 7th Avenue

Fort Lauderdale, FL, 33304
$ 1,647,000
Baths0.0 Sq 794

Monthly Estimate*

$ 10,141

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View a Virtual Tour
Studio

Multi-Family Home for sale in Fort Lauderdale, FL

for $1,647,000. This 794 square foot home was built in 1973.

5-PLEX fully rented (MLS classified as 4-plex) in Fort Lauderdale. Unit mix: four 1BD/1BA and one 2BD/2BA. Gross income $121,000 annually with approx. $89K NOI (5.1% cap at current pricing). Stable income with rental upside. Fully renovated with new kitchens, baths, A/C systems, flooring, fencing, railings, and new high-impact windows — no major deferred maintenance. Each unit includes a washer/dryer, 2 parking spaces, and separate parcel numbers. Features a pool and a 2BD/2BA unit with a private jacuzzi. Strong 1031 exchange opportunity. roperty is legally structured as five separate condo parcels under one ownership (MLS classified as 4-plex). All units are fully rented. Unit mix includes four 1BD/1BA units and one 2BD/2BA unit. Current gross income is $121,800 annually with approximately $89K NOI. Extensive renovations completed, including kitchens, bathrooms, A/C systems, flooring, fencing, railings, and high-impact windows. No major deferred maintenance.Each unit includes washer/dryer and two dedicated parking spaces. Property features a private pool, and the 2BD/2BA unit includes its own jacuzzi. Strong tenant demand in Middle River Terrace location. Ideal for 1031 exchange buyer or investor seeking stabilized cash flow with long-term flexibility due to separate parcel structure.

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Multi-Family Active

Price

$ 1,647,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,319

Style

Year Built

1973

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

F10554588
Features
General
Sewer Public Sewer
Heating Central Separate Meters
Cooling Central Air Ceiling Fan(s)
Utilities Cable Available
Possession Other
Roof Barrel
HOA Fee 0
Patio/Porch Features Balcony
Pool Features In Ground
Construction Materials Block
Year Built 1973
Property Subtype Quadruplex
Tax Year 2024
County Broward
New Construction false
Property Type Residential Income
Subdivision Name The Terrace Condos Inc
Status Active
Directions GPS
High School Fort Lauderdale
City Fort Lauderdale
Disclosures Owner Is Listing Agent
Number Of Units Total 4
MLS Area 3380
Elementary School North Side
Tax Annual Amount 4319
Middle/Junior High School Sunrise
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/1501-NE-7th-Ave-Fort-Lauderdale-FL-33304/unbranded
Standard Status Active
Property Sub Type Additional Quadruplex
Legal Description THE TERRACE CONDOS INC UNIT 5 PER CDO BK/PG: 39000/1108
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Interior
Flooring Ceramic Tile
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Total Baths 0
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Exterior
Exterior Amenities Balcony Outdoor Living Area Outdoor Shower
Fencing Fenced
Lot Features < 1/4 Acre
Water Source Public
Spa true
Waterfront Y/N false
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* Excluded Features
List By
Andres Zapata

Listing Agent

Affordability Calculator

$10,501
Per Month
97%
3%
0%
Monthly Principal & Interest
$10,141
Monthly Property Taxes
$360
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
See complete school information
Pricing History
Date Price Price Change Description
2/28/2026 $1,647,000 Listed Price

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1501 NE 7th Avenue, Fort Lauderdale, FL, 33304 is a Multi-Family Home for sale at $1,647,000 with 794 sqft. 1501 NE 7th Avenue is a studio with 0.0 baths and was built in 1973. The property's zip code is 33304 which is in Fort Lauderdale, FL

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