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Income Duplex with Buildable Expansion

1219 NE 5th Terrace Fort Lauderdale, FL 33304

1219 NE 5th Terrace, Fort Lauderdale, FL, 33304
$747,850
For Sale
Claim this Listing
$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 8:06 am

Property Features for 1219 NE 5th Terrace

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RMM-25
Bedrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Window features
Storm Window(s)
Patio and Porch features
Porch, Patio
Pets allowed
Yes, No
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

Utilities
Cable Available
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, Stucco
Roof type
Flat

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# B26033753 Listing URL

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.

1219 NE 5th Terrace in Fort Lauderdale, FL is an income-producing duplex with 1 Bedroom/1 Bathroom on each side. The existing duplex has separate water and electric meters. The property also has development capacity for additional units on the same lot, with a plan to add 8 more units while keeping the current structure in place for a total of 10 units. The site materials include a preliminary layout showing parking and access, and a preliminary development meeting with the city was held with representatives from relevant departments present to confirm the site plan is feasible and compliant with current code and zoning regulations.

The property is zoned RMM-25 and sits on a 0.23-acre lot. The listing indicates the seller is willing to finance. Total building area is listed at 1,053 square feet. The property is located in a Qualified Opportunity Zone, which the seller notes may offer potential tax benefits; prospective buyers should consult a tax professional regarding eligibility and details.

Key Highlights

  • Income duplex with 1 bed/1 bath on each side, plus development capacity for 8 additional units on the same lot (total 10 units).
  • Existing duplex has separate water and electric meters, allowing it to remain in place while the additional units are developed.
  • Preliminary development meeting with city held; representatives from planning, zoning, engineering, landscape, and other departments confirmed the site plan is feasible and compliant.

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 - Two 1-bedroom/1-bath residences with separate meters, with capacity for 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 duplex with 1 bed/1 bath on each side, plus development capacity for 8 additional units on the same lot (total 10 units).; Existing duplex has separate water and electric meters, allowing it to remain in place while the additional units are developed.; Preliminary development meeting with city held; representatives from planning, zoning, engineering, landscape, and other departments confirmed the site plan is feasible and compliant.
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