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

Fort Lauderdale, FL, 33304
$ 799,997
Baths0.0

Monthly Estimate*

$ 4,926

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Studio

Lots and Land for sale in Fort Lauderdale, FL

for $799,997. The lot size is 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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Lots and Land Active

Price

$ 799,997

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 7,203

Style

Lot Size

0.23

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

B26033788
Features
General
Sewer Public Sewer
Utilities Cable Connected Electricity Connected Phone Connected Sewer Connected Water Connected
Possession Negotiable
Development Status Proposed Site Plan Filed
Property Subtype Unimproved Land
Tax Year 2025
Current Use Multi-Family
County Broward
Property Type Land
Subdivision Name PROGRESSO
Facing Direction East
Possible Use Multi-Family
Status Active
High School Fort Lauderdale
City Fort Lauderdale
Disclosures Owner Is Listing Agent
MLS Area 3370
Lot Size Square Feet 10129
Elementary School North Side
Tax Annual Amount 7203.21
Middle/Junior High School Sunrise
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/1219-NE-5th-Terrace-Fort-Lauderdale-FL-33304/unbranded
Standard Status Active
Property Sub Type Additional Unimproved Land
Legal Description PROGRESSO 2-18 D LOT 13 14 15 BLK 114
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Interior
Total Baths 0
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Exterior
Fencing Wood
Lot Features < 1/4 Acre
Water Source Public
Lot Dimensions 75 ft x 135 ft
Lot Size Acres 0.23
Road Surface Type Asphalt Paved
Waterfront Y/N false
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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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
See complete school information
Pricing History
Date Price Price Change Description
5/28/2026 $799,997 Listed Price

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1219 NE 5th Terrace, Fort Lauderdale, FL, 33304 is a Lots and Land for sale at $799,997 with a lot size of 0.23. 1219 NE 5th Terrace is a studio with 0.0 baths. The property's zip code is 33304 which is in Fort Lauderdale, FL

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