1219 NE 5th Terrace 1-2, Fort Lauderdale, FL 33304 (MLS# B26033753)

1219 NE 5th Terrace 1-2, Fort Lauderdale, FL 33304

New Listing

$799,997

Virtual Tour

https://www.propertypanorama.com/1219-NE-5th-Terrace-Unit-12-Fort-Lauderdale-FL-33304/unbranded

77e193040114f71104f772c17be9b9b9-uncropp

Property Type: Residential Income Square Footage: 1,053 Status: Active

Current Price: $799,997 List Date: 5/28/2026 Last Modified: 6/03/2026

Overview

Description

Rare opportunity to acquire an income producing duplex (2 1/1s) w/ 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.

Listing Details MLS# B26033753

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 1053
Building Area Source: Appraiser
Living Area Main: 1053
Living Area Source: Appraiser
Adjusted Area Main: 1053
Accessibility Features YN: No
Year Built: 1957
Parking Total: 6
Gated Community YN: No
Lot Size Area: 10018.8
Lot Size Acres: 0.23
Lot Size Dimensions: 75 x 135
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Stories: Yes
Pool Private YN: No
Spa YN: No
LP/Assessed Value: 3.01

Property Features

Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security; Deposit Held; Existing Survey; Investment Analysis; Other Available Information; Rent Rolls; Other Exterior Features: Other Flooring: Terrazzo Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Duplex Tenant Pays: Electricity; Sewer; Water Source Of Expenses: Accountant Provided Construction Materials: CBS; Stucco Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Window/Wall Listing Terms: 1031 Exchange; Cash; Conventional; Cryptocurrency; Owner May Carry; Owner Will Carry; Trade; Other Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Restrictions: No Restrictions Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Flat Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available; Electricity Connected; Phone Available; Sewer Connected; Water Connected; Other Water Source: Public Window Features: Storm Window(s) Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Schedule Online; Text Listing Agent Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Open Porch Details: Porch - Open Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 2 Parking Features: Parking Space Unit 2 Rooms: Family Room; Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 799997
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Broward
Street Number: 1219
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Terrace
Unit Number: 1-2
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33304
Postal Code +4: 4916
Subdivision Name: PROGRESSO
Area: 3370
Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Elementary School: North Side
Middle Or Junior School: Sunrise
High School: Fort Lauderdale
Special Assessment YN: No
Parcel Number: 494234032080
Subdivision Number: 3
Zoning: RMM-25
Flood Zone: AE

Financial Information

Application Required YN: No
Master Association YN: No
Tax Annual Amount: 7203.21
Tax Year: 2025
Tax Assessed/SOH Value: 265430
Tax Legal Description: PROGRESSO 2-18 D LOT 13,14,15 BLK 114
Assessor Market Value: 450800
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-05-28T15:13:07Z
Major Change Type: New Listing
Status Change Date: 2026-05-28

More Information

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 2
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Water Meters: 2
Number Of Meters Total: 4

Pet Details

Pet Fee YN: No

Leasing Restrictions

Leasing - Max Times Per Year: 100
Leasing - Minimum Number of Days: Yes

Unit 1 Details

Actual Rent: 1500
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 500

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-07-31
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1350
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 500

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-04-30
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 759.73

Originating Details

Originating System Key: 20260520152801660417000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Other: Yes

Flooring

Terrazzo: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Last Months Rent: Yes
Deposit - Security: Yes
Deposit Held: Yes
Existing Survey: Yes
Investment Analysis: Yes
Other Available Information: Yes
Rent Rolls: Yes
Other: Yes

Structure Type

Duplex: Yes

Tenant Pays

Electricity: Yes
Sewer: Yes
Water: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Connected: Yes
Other: Yes

Heating

Window/Wall: Yes

Window Features

Storm Window(s): Yes

Construction Materials

CBS: Yes
Stucco: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
Cryptocurrency: Yes
Owner May Carry: Yes
Owner Will Carry: Yes
Trade: Yes
Other: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Paved: Yes

Roof

Flat: Yes

Water Source

Public: Yes

Source Of Expenses

Accountant Provided: Yes

Cooling

Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes
Schedule Online: Yes
Text Listing Agent: Yes

Main Living Area

Entry Level: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Patio: Yes
Porch: Yes

Patio Details

Patio - Open: Yes

Porch Details

Porch - Open: Yes

Unit 1 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes

Unit 2 Appliances

Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 2 Rooms

Family Room: Yes
Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Documents

Survey ›

Site Plan ›

Listing Office: United Realty Group Inc.

Last Updated: June - 03 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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