4-Unit Apartment
New
For Sale
$1,050,000
1204 NE 5th Ave, Fort Lauderdale, FL 33304
Residential Income, Fort Lauderdale, FL
Property Size2,660 SF
Price / SF$394.74
Days on Market2
Property Features for 1204 NE 5th Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RMM-25
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4
Parking
8
Subdivision
PROGRESSO
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
494234032140
Size
2,660 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PROGRESSO 2-18 D LOT 27 & 28 BLK 114
Tax Annual Amount
13057
Legal Description
PROGRESSO 2-18 D LOT 27 & 28 BLK 114
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1965
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Chaim Glik · License #3265723
(786) 344-3207
Added: Oct 5
Last Checked: Oct 6 at 5:06AM
MLS# A12093693
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1965, this 2,660-square-foot, four-unit apartment property has block construction, ceramic tile flooring, and window or wall-window cooling. Three units have renovated kitchens with new cabinets and upgraded lighting. The building is fully rented.
The property is in Fort Lauderdale, minutes from downtown and major shopping centers. It has a shingle roof, public sewer, and cable availability.
The property is in Fort Lauderdale, minutes from downtown and major shopping centers. It has a shingle roof, public sewer, and cable availability.
Key Highlights
- Four‑unit apartment building with all units rented
- 2,660 square feet of building area
- Three units renovated with new kitchens, upgraded lighting, and new cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,342
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,840
$886.8K
Cap Rate 7%
$633,457
$633.5K
Cap Rate 9%
$492,689
$492.7K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$67.0K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$63.3K $23.81/SF
− OpEx
−$19.0K −$7.14/SF
NOI
$44.3K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,840
Cap Rate 7%
$633,457
Cap Rate 9%
$492,689
Alternative Uses
Best Use
Multifamily LT 5
$633.5K
$554.3K – $739.0K
NOI $44,342 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$570.6K
$499.3K – $665.7K
NOI $39,943 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,126 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three units feature updated kitchens and interiors, and all four are currently rented.
Where is this quadplex located?
The property is located at 1204 NE 5th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four‑unit apartment building with all units rented; 2,660 square feet of building area; Three units renovated with new kitchens, upgraded lighting, and new cabinets
