1219 NE 5th Terrace, Fort Lauderdale, FL 33304

Fort Lauderdale
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
1219 NE 5th Terrace,Fort Lauderdale, FL 33304
$799,997
Virtual Tour
  • 0.23 Acres
  • Lots / Land
  • Active
Listed by: michael j sheer, wayne c charneco
Office: united realty group inc.
MLS#:B26033788
Source:RMLS

Price summary

  • Price:$799,997

About this home

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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Home facts

  • Listing ID #:B26033788
  • Added:1 day(s) ago
  • Updated:May 29, 2026 at 02:52 PM

Structure and exterior

  • Lot area:0.23 Acres

Schools

  • High school:Fort Lauderdale
  • Middle school:Sunrise
  • Elementary school:North Side

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$799,997
  • Tax amount:$7,203 (2025)
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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