Duplex With Development
For Sale
$729,850
1219 NE 5th Terrace #1-2, Fort Lauderdale, FL 33304
Income-producing duplex with separate utilities and confirmed feasibility for adding 8 units to reach 10 total.
Property Size1,053 SF
Days on Market77
Property Features for 1219 NE 5th Terrace #1-2
General Information
Standard status
Active
Size
1,053 SF
Total Parking Spaces
11
Zoning
RMM-25
Financials
Cap Rate
10%
Opportunity Zone
Yes
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$7,203
Building Details
Building Size
1,053 SF
Year Built
1957
Stories
1
Tenancy
Multi
Listing Agency:
United Realty Group Inc.
(954) 993-6664
Listed By:
Michael J Sheer · License #3355952
(954) 993-6664
Source:
Laerrealty
Added: Jun 4
Changed: Aug 16
Last Checked: Aug 14 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Realty Group Inc.
Investment Insights
Based on property information with market context.
This income-producing duplex includes two 1-bedroom units (2 1/1s) with separate water and electric meters. The property is described as partially renovated, and it includes an included site plan showing layout, parking, and access. The offer also includes additional development capacity for adding 8 units for a 10-unit total.
The seller reports that a meeting with the city has been held and that feasibility and zoning compliance have been confirmed. The opportunity is presented as located in an Opportunity Zone, with the included plan supporting the proposed multi-unit expansion.
For buyers and operators seeking a small multifamily asset with a straightforward path to increase unit count, the existing duplex configuration paired with the approved add-on concept offers a practical way to maintain current income while pursuing further development. The seller also indicates seller financing is available, and the property is being marketed for acquisition as a partially renovated duplex with included buildable development capacity.
The seller reports that a meeting with the city has been held and that feasibility and zoning compliance have been confirmed. The opportunity is presented as located in an Opportunity Zone, with the included plan supporting the proposed multi-unit expansion.
For buyers and operators seeking a small multifamily asset with a straightforward path to increase unit count, the existing duplex configuration paired with the approved add-on concept offers a practical way to maintain current income while pursuing further development. The seller also indicates seller financing is available, and the property is being marketed for acquisition as a partially renovated duplex with included buildable development capacity.
Key Highlights
- 1957‑built duplex with two 1/1 units, each with separate water and electric meters
- Planning to keep the duplex and add 8 units for a total of 10 units, per included site plan
- City meeting held with feasibility and zoning compliance confirmed for the additional 8‑unit development
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with separate utilities and confirmed feasibility for adding 8 units to reach 10 total.
Where is this duplex located?
The property is located at 1219 NE 5th Terrace #1-2 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: 1957‑built duplex with two 1/1 units, each with separate water and electric meters; Planning to keep the duplex and add 8 units for a total of 10 units, per included site plan; City meeting held with feasibility and zoning compliance confirmed for the additional 8‑unit development
