1501 NE 7th Avenue, Fort Lauderdale, FL 33304

Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
1501 NE 7th Avenue,Fort Lauderdale, FL 33304
$1,647,000
Virtual Tour
  • - Beds
  • - Baths
  • 794 sq. ft.
  • Multi-family
  • Active
Listed by: andres zapata
Office: douglas elliman
MLS#:F10554588
Source:RMLS

Price summary

  • Price:$1,647,000
  • Price per sq. ft.:$2,074.31

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:1 day(s) ago
  • Updated:February 24, 2026 at 10:40 PM

Rooms and interior

  • Living area:794 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Barrel
  • Year built:1973
  • Building area:794 sq. ft.

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,647,000
  • Price per sq. ft.:$2,074.31
  • Tax amount:$4,319 (2024)
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