1501 NE 7th Avenue, Fort Lauderdale, FL 33304

Fort Lauderdale
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
1501 NE 7th Avenue,Fort Lauderdale, FL 33304
$1,620,000
Virtual Tour
  • - Beds
  • - Baths
  • 794 sq. ft.
  • Multi-family
  • Active
Listed by: andres zapata
Office: douglas elliman
MLS#:F10554588
Source:RMLS

Price summary

  • Price:$1,620,000
  • Price per sq. ft.:$2,040.3

About this home

5-PLEX fully rented (MLS classified as 4-plex) in Fort Lauderdale. Unit mix: four 1BD/1BA and one 2BD/2BA. Gross income $121,000 annually with approx. $89K NOI (5.1% cap at current pricing). Stable income with rental upside. Fully renovated with new kitchens, baths, A/C systems, flooring, fencing, railings, and new high-impact windows — no major deferred maintenance. Each unit includes a washer/dryer, 2 parking spaces, and separate parcel numbers. Features a pool and a 2BD/2BA unit with a private jacuzzi. Strong 1031 exchange opportunity. roperty is legally structured as five separate condo parcels under one ownership (MLS classified as 4-plex). All units are fully rented. Unit mix includes four 1BD/1BA units and one 2BD/2BA unit. Current gross income is $121,800 annually with approximately $89K NOI. Extensive renovations completed, including kitchens, bathrooms, A/C systems, flooring, fencing, railings, and high-impact windows. No major deferred maintenance.Each unit includes...

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Home facts

  • Year built:1973
  • Listing ID #:F10554588
  • Added:90 day(s) ago
  • Updated:May 26, 2026 at 02:44 PM

Rooms and interior

  • Flooring:Ceramic Tile
  • Living area:794 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Barrel
  • Year built:1973
  • Building area:794 sq. ft.
  • Construction Materials:Block
  • Exterior Features:Outdoor Shower

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,620,000
  • Price per sq. ft.:$2,040.3
  • Tax amount:$4,319 (2024)

Features and amenities

  • Pool features:In Ground
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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