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Income Duplex with Development Capacity

1219 NE 5th Terrace Fort Lauderdale, FL

1219 NE 5th Terrace, Fort Lauderdale, FL
$747,850
For Sale
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$747,850

MULTI_FAMILY - Fort Lauderdale, FL

Property Size1,053 SF
Lot Size0.23 Acres
Price / SF$710.21
AddedMay 28
Days on Market49
Last RefreshJul 15 at 11:06 am

Property Features for 1219 NE 5th Terrace

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RMM-25
Parking
11
Parking features
Covered, Guest, Assigned
Standard status
Active
APN
494234032080
Size
1,053 SF
Lot size
0.23 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
PROGRESSO 2-18 D LOT 13,14,15 BLK 114
Tax Annual Amount
7203

Utilities

Sewer type
Public Sewer
Cooling system
Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s)
Water source
Public

Building Details

Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Terrazzo
Building materials
CBS, Concrete Block - With Stucco, Stucco
Roof type
Shingle

Listing agent Michael J Sheer License #3355952

Listing office United Realty Group Inc. 975 N Nob Hill Road, Plantation, FL

Listing date May 28, 2026

MLS# B26033810

Copyright © 2026 BeachesMLS. 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.

This income-producing duplex offers a straightforward two-unit setup with 1-bedroom, 1-bathroom living space on each side. The property’s utilities are individually metered, with separate water and electric meters for each unit. The same lot also includes development capacity for building 8 additional units, bringing the total proposed count to 10 units without tearing down the existing structure.

The site has been supported by a preliminary development meeting with the city, with representatives from relevant departments present to review the approach. Based on that process, the site plan was confirmed as feasible and compliant with current code and the applicable zoning.

Located on NE 5th Terrace in Fort Lauderdale, the property is zoned RMM-25 and sits on 0.23 acres. See photos and attachments for details on the existing structure and the included site plan.

Key Highlights

  • Income‑producing duplex built in 1957 with 1 Bed/1 Bath on each side
  • Duplex has separate water and electric meters for each side
  • Development capacity: keep the existing duplex while adding 8 additional units for a total of 10 units on the same lot

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Nail Salon Daycare Center Butcher (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex with separate water and electric meters, plus capacity for 8 additional units on the same lot.
Where is this duplex located?
The property is located at 1219 NE 5th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $747,850.
What are key features of this property?
This property features: Income‑producing duplex built in 1957 with 1 Bed/1 Bath on each side; Duplex has separate water and electric meters for each side; Development capacity: keep the existing duplex while adding 8 additional units for a total of 10 units on the same lot
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