1219 NE 5th Terrace #1-2
Fort Lauderdale, FL 33304
2
Bed
2
Bath
1,053Sqft
10,018.80Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: FlatWindow Features: StormWindows -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: CeilingFans, WallWindowUnits
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Building Information
Year Built: 1957Building Area Total: 1053Construction Materials: Block, StuccoStories: 1Patio And Porch Features: Patio, PorchPrivate Pool: No -
Exterior Features
Exterior Features: OutdoorLivingArea, Other
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Lot Information
Lot Dimensions: 75 x 135 Main Square Feet: 10018.8 Lot Size Acres: 0.23 Lot Description: LessThanQuarterAcreProperty Information
Subdivision: PROGRESSO Source Property Type: ResidentialIncome Postal Code Plus 4: 4916 Property SubType: Duplex Levels: One Property Age: 69
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Listing Price Information
Listing Price: $747850Original Price: $799997Cash, Conventional, Cryptocurrency, Exchange1031, OwnerWillCarry, OwnerMayCarry, Other, Trade
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Tax Information
Parcel Number: 494234032080 Tax Year: 2025 Annual Tax: $7203.21 Tax Legal Desc: PROGRESSO 2-18 D LOT 13,14,15 BLK 114
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Parking Information
Parking Total: 6Garage Information
Pets Allowed: NoPetRestrictions, Yes
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School Information
Elementary School: North Side Junior High School: Sunrise Senior High School: Fort Lauderdale -
Utility Information
CableAvailable, ElectricityConnected, Other, PhoneAvailable, SewerConnected, WaterConnected -
Location Information
WaterSource: MultipleMeters, Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1100 NE 15th Avenue #1-2, Fort Lauderdale, FL, 33304 | $825,000 | 3 | 4 | 1,836 | 1,836 SqFt |
| 1236 NE 18th Ave, Fort Lauderdale, FL, 33304 | $1,499,000 | 4 | 5 | 3,569 | 3,569 SqFt |
| 425 NE 8th St, Fort Lauderdale, FL, 33304 | $4,000,000 | 2 | 2 | 2,903 | 2,903 SqFt |
| 25 NE 12th St, Fort Lauderdale, FL, 33304 | $899,000 | 5 | 5 | 2,806 | 2,806 SqFt |
| 630 NE 15th Ct, Fort Lauderdale, FL, 33304 | $530,000 | 2 | 2 | 1,306 | 1,306 SqFt |
| 1539-1541 NE 15th Avenue, Fort Lauderdale, FL, 33304 | $899,000 | 3 | 3 | 2,042 | 2,042 SqFt |
| 707 NE 15th Street, Fort Lauderdale, FL, 33304 | $1,150,000 | 4 | 5 | 2,500 | 2,500 SqFt |
| 500 E Sunrise Boulevard, Fort Lauderdale, FL, 33304 | $3,500,000 | -- | 6 | 4,835 | 4,835 SqFt |
| 1204 NE 5th Ave, Fort Lauderdale, FL, 33304 | $1,200,000 | 5 | 4 | 2,660 | 2,660 SqFt |
| 1043 N Victoria Park Ro.., Fort Lauderdale, FL, 33304 | $939,000 | 3 | 5 | 1,498 | 1,498 SqFt |
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ByOwner last updated this listing 06/20/2026 @ 02:17
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