Duplex with Additional Development
For Sale
$729,850
1219 NE 5th Terrace, Fort Lauderdale, FL
Commercial Sale, Fort Lauderdale, FL
Property Size1,053 SF
Lot Size0.23 Acres
Price / SF$693.11
Days on Market94
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, Assigned, Guest
Subdivision
3370
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
Legal Description
PROGRESSO 2-18 D LOT 13,14,15 BLK 114
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Wall/Window Unit(s), 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 Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Michael J Sheer · License #3355952
(954) 993-6664
Added: May 28
Changed: Aug 19
Last Checked: Aug 29 at 5:06PM
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 duplex features separate water and electric meters on each side and is positioned for expanded multi-unit development on the same lot. The existing duplex can remain in place while additional units are developed on-site for a total of 10 units, supported by an included site plan showing layout, parking, and access. The property was built in 1957 and includes CBS construction with stucco, terrazzo flooring, a shingle roof, and wall/window cooling units and ceiling fans. Water is supplied by public systems and sewer is provided by public sewer.
The site is located at 1219 NE 5th Terrace in Fort Lauderdale, Florida, near NE 13th Street, and is placed in an RMM-25 zoning district. A preliminary development meeting with the city has been held, with representatives from relevant departments present, and the site plan was confirmed to be feasible and compliant with current code and zoning regulations. The potential pro forma referenced in the materials indicates approximately a 10% cap rate upon completion. The property is also identified as being in a Qualified Opportunity Zone.
The site is located at 1219 NE 5th Terrace in Fort Lauderdale, Florida, near NE 13th Street, and is placed in an RMM-25 zoning district. A preliminary development meeting with the city has been held, with representatives from relevant departments present, and the site plan was confirmed to be feasible and compliant with current code and zoning regulations. The potential pro forma referenced in the materials indicates approximately a 10% cap rate upon completion. The property is also identified as being in a Qualified Opportunity Zone.
Key Highlights
- 0.23‑acre lot with 1,053 SF duplex built in 1957
- Duplex with separate water and electric meters (each side)
- Development capacity to add 8 additional units, for a total of 10 units
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,118
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Zoned RMM-25, this duplex has separate water and electric meters and development capacity for an expanded multi-unit project.
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 $729,850.
What are key features of this property?
This property features: 0.23‑acre lot with 1,053 SF duplex built in 1957; Duplex with separate water and electric meters (each side); Development capacity to add 8 additional units, for a total of 10 units
