1219 NE 5th Terrace #1-2
Fort Lauderdale, FL 33304
2
Bed
2
Bath
1,053Sqft
10,018.80Sqft(Lot)
This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 40% below market value. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that is fairly renovated and has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting has been held with th
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 MLS Area Minor: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700) Postal Code Plus 4: 4916 Property SubType: Duplex Levels: One Property Age: 69
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Listing Price Information
Listing Price: $679850Original 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 |
|---|---|---|---|---|---|
| 1329 NE 5th Avenue, Fort Lauderdale, FL, 33304 | $1,199,000 | 2 | 5 | 1,790 | 10,123 Sq. Ft |
| 1145 NE 17th Way #1-2, Fort Lauderdale, FL, 33304 | $870,000 | 3 | 3 | 1,593 | 6,747 Sq. Ft |
| 1207 NE 12th Avenue, Fort Lauderdale, FL, 33304 | $975,000 | 4 | 4 | 3,044 | 8,099 Sq. Ft |
| 500 NE 14th Street, Fort Lauderdale, FL, 33304 | $595,000 | 3 | 3 | 1,352 | 6,760 Sq. Ft |
| 1234 NE 17th Ter, Fort Lauderdale, FL, 33304 | $1,565,000 | 3 | 4 | 2,502 | 4,254 Sq. Ft |
| 828 NE 14th St, Fort Lauderdale, FL, 33304 | $1,699,000 | 8 | 10 | 5,472 | -- |
| 1044 NE 10th Avenue, Fort Lauderdale, FL, 33304 | $649,900 | 4 | 4 | 1,413 | 5,062 Sq. Ft |
| 650 NE 15th Street #A - B, Fort Lauderdale, FL, 33304 | $899,000 | 4 | 4 | 1,625 | 6,800 Sq. Ft |
| Residentialincome, Fort Lauderdale, FL, 33304 | $745,000 | 4 | 2 | 1,382 | -- |
| 1204 NE 5th Ave, Fort Lauderdale, FL, 33304 | $1,200,000 | 5 | 4 | 2,660 | -- |
Similar Multifamily To 1219 NE 5th Terrace #1-2
Nearby For Sale
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ByOwner last updated this listing 09/24/2026 @ 18:53
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