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1432 NE 5th Avenue

Fort Lauderdale, FL 33304
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Assumable mortgage at 6.1% interest. If the loan is assumed, the buyer's closing costs are expected to be under $2,000. If closing costs exceed that amount, the seller is willing to cover the difference.All units are tenant occupied, providing immediate income from day one. Seller is motivated and open to creative financing opportunities.Exceptional 4-unit multifamily investment in Fort Lauderdale’s highly desirable Middle River Terrace neighborhood, minutes from Wilton Manors, Flagler Village, Las Olas Boulevard, Downtown Fort Lauderdale, and Fort Lauderdale Beach. Convenient access to I-95, Galleria Mall, Whole Foods, Publix, shopping, dining, nightlife, and major employment centers.Strong rental demand, ongoing area redevelopment, and continued population growth make this an attractive opportunity for investors seeking stable cash flow and long-term appreciation. Significant upside exists through rental optimization and strategic management. Ideal for investors looking to expand their portfolio with a well-located multifamily asset in one of South Florida’s most active rental markets. Short-term rental potential may be explored subject to local regulations.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,090,000

AD Id : 78528542

MLS Id : A12017563

Living Area Size : 2,317 Sq. Ft

Tax Amount : $8,783

Year Built : 1965

County : Broward

Subdivision: Progresso

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Feature Features

  • Interior Features

    Roof: Barrel
  • Heating & Cooling

    Has Heating: Yes Heating: Central, SeparateMeters, WallFurnace Has Cooling: Yes Cooling: CentralAir, WallWindowUnits

  • Building Information

    Year Built: 1965
    Building Area Total: 6762
    Construction Materials: Block
    Patio And Porch Features: Porch, WrapAround
    Private Pool: No
  • Exterior Features

    Exterior Features: OutdoorLivingArea, Other

  • Lot Information

    Lot Dimensions: 6,762

    Property 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: 1060 Property SubType: Quadruplex Property Age: 61

  • Listing Price Information

    Listing Price: $1090000
    Original Price: $1125000
    Assumable, Cash, Conventional, Other

  • Tax Information

    Parcel Number: 494234020590 Tax Year: 2025 Annual Tax: $8783 Tax Legal Desc: PROGRESSO 2-18 D LOT 21 BLK 56

  • Parking Information

    Parking Total: 5

  • School Information

    Elementary School: North Side Junior High School: Sunrise Senior High School: Fort Lauderdale
  • Utility Information

    CableAvailable
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1204 NE 5th Ave, Fort Lauderdale, FL, 33304 $1,200,000 5 4 2,660 --
1044 NE 10th Avenue, Fort Lauderdale, FL, 33304 $649,900 4 4 1,413 5,062 Sq. Ft
1202 NE 3rd Avenue, Fort Lauderdale, FL, 33304 $1,210,000 2 2 1,686 6,756 Sq. Ft
1329 NE 5th Avenue, Fort Lauderdale, FL, 33304 $1,199,000 2 5 1,790 10,123 Sq. Ft
828 NE 14th St, Fort Lauderdale, FL, 33304 $1,699,000 8 10 5,472 --
500 NE 14th Street, Fort Lauderdale, FL, 33304 $595,000 3 3 1,352 6,760 Sq. Ft
1219 NE 5th Terrace #1-2, Fort Lauderdale, FL, 33304 $679,850 2 2 1,053 --
1207 NE 12th Avenue, Fort Lauderdale, FL, 33304 $975,000 4 4 3,044 8,099 Sq. Ft
1145 NE 17th Way #1-2, Fort Lauderdale, FL, 33304 $870,000 3 3 1,593 6,747 Sq. Ft
812 NE 15 Avenue, Fort Lauderdale, FL, 33304 $999,900 5 4 2,547 --

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ByOwner last updated this listing 09/24/2026 @ 20:08

MLS: A12017563 LISTED BY: Hamza Zafar, LPT Realty, LLC 877-366-2213 SOURCE: Beaches MLS

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