Five-Unit Apartment
1501 NE 7th Avenue Fort Lauderdale, FL 33304
For Sale
$1,620,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size794 SF
Price / SF$2,040
Days on Market150
Property Features for 1501 NE 7th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RS-8
- Bedrooms
- 5
- Rooms
- Bedroom 4, Bathroom 5, Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Spa
- 1
- Window features
- Blinds
- Pool private
- 1
- Exterior features
- Balcony, Outdoor Shower
- Fencing
- Fenced
- Standard status
- Active
- APN
- 494235af0050
- Size
- 794 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- THE TERRACE CONDOS INC UNIT 5 PER CDO BK/PG: 39000/1108
- Tax Annual Amount
- 4319
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile - Ceramic
- Building materials
- Block
- Roof type
- Barrel
Listing Agency:
Douglas Elliman
(954) 874-0740
Listed By:
Andres Zapata · License #3306808
(401) 639-9223
Added: Feb 23
Changed: Jul 18
Last Checked: Jul 23 at 6:06PM
MLS# F10554588
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 five-unit apartment building is fully rented and has an updated unit mix of four 1-bedroom, 1-bath residences and one 2-bedroom, 2-bath residence. The property includes a private pool, and the 2-bedroom unit features a private jacuzzi. Extensive renovations are reported throughout, including new kitchens and baths, new A/C systems, updated flooring, fencing and railings, and new high-impact windows. Each unit also includes a washer/dryer and two dedicated parking spaces.
The asset is located at 1501 NE 7th Avenue in Fort Lauderdale, FL, in the RS-8 zoning classification. While it is described in MLS as a 4-plex, the property is legally structured as five separate condo parcels under one ownership, with separate parcel numbers for each unit. The listing also notes the property’s location in the Middle River Terrace area.
For buyers seeking a stabilized, turn-key multifamily setup, this configuration offers a straightforward rental profile with all units currently leased. The separate parcel structure may provide flexibility for long-term planning, including for a 1031 exchange buyer, based on the way the property is legally organized. With no major deferred maintenance reported after the renovations, the unit mix and upgrades support tenants looking for move-in-ready residences.
The asset is located at 1501 NE 7th Avenue in Fort Lauderdale, FL, in the RS-8 zoning classification. While it is described in MLS as a 4-plex, the property is legally structured as five separate condo parcels under one ownership, with separate parcel numbers for each unit. The listing also notes the property’s location in the Middle River Terrace area.
For buyers seeking a stabilized, turn-key multifamily setup, this configuration offers a straightforward rental profile with all units currently leased. The separate parcel structure may provide flexibility for long-term planning, including for a 1031 exchange buyer, based on the way the property is legally organized. With no major deferred maintenance reported after the renovations, the unit mix and upgrades support tenants looking for move-in-ready residences.
Key Highlights
- Fully renovated 5‑plex (MLS classified as 4‑plex) with all units fully rented
- Unit mix of four 1BD/1BA and one 2BD/2BA; current gross income $127,000 annually
- Each unit has an in‑unit washer/dryer and includes 2 dedicated parking spaces
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
1031 exchange properties
FAQs
What type of property is this?
Apartment building - Fully rented, extensively renovated five-unit property with in-unit laundry, dedicated parking, and a private pool.
Where is this apartment building located?
The property is located at 1501 NE 7th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,620,000.
What are key features of this property?
This property features: Fully renovated 5‑plex (MLS classified as 4‑plex) with all units fully rented; Unit mix of four 1BD/1BA and one 2BD/2BA; current gross income $127,000 annually; Each unit has an in‑unit washer/dryer and includes 2 dedicated parking spaces
