4-Unit Multifamily
For Sale
$1,090,000
1432 NE 5th ave, Fort Lauderdale, FL 33304
Residential Income, Fort Lauderdale, FL
Property Size2,317 SF
Price / SF$470.44
Days on Market91
Property Features for 1432 NE 5th ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RM-15
Bedrooms
3
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Parking
5
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Subdivision
PROGRESSO
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
494234020590
Size
2,317 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PROGRESSO 2-18 D LOT 21 BLK 56
Tax Annual Amount
8783
Legal Description
PROGRESSO 2-18 D LOT 21 BLK 56
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Flooring type
Tile
Building materials
CBS (Concrete Block Structure), Block
Roof type
Barrel
Architectural style
Other
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Hamza Zafar · License #3626463
(561) 702-4465
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 16 at 4:06AM
MLS# A12017563
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,317-square-foot, four-unit multifamily property was built in 1965. Concrete block construction, tile flooring, a barrel roof, and a porch are among its physical features; the property is also fenced. All four units are tenant-occupied.
The property is in Fort Lauderdale, with access to I-95 and proximity to Wilton Manors, Flagler Village, Las Olas Boulevard, downtown, and Fort Lauderdale Beach. Nearby services and destinations named for the area include Galleria Mall, Whole Foods, and Publix.
The property is in Fort Lauderdale, with access to I-95 and proximity to Wilton Manors, Flagler Village, Las Olas Boulevard, downtown, and Fort Lauderdale Beach. Nearby services and destinations named for the area include Galleria Mall, Whole Foods, and Publix.
Key Highlights
- Four‑unit multifamily property with all units tenant‑occupied
- 2,317 square feet of building area
- Built in 1965 with concrete block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,624
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,480
$772.5K
Cap Rate 7%
$551,771
$551.8K
Cap Rate 9%
$429,156
$429.2K
Market Conditions
NOI Build-Up for 2,317 SF
Gross rent
$58.4K $25.20/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$55.2K $23.81/SF
− OpEx
−$16.6K −$7.14/SF
NOI
$38.6K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,480
Cap Rate 7%
$551,771
Cap Rate 9%
$429,156
Alternative Uses
Best Use
Multifamily LT 5
$551.8K
$482.8K – $643.7K
NOI $38,624 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$497.0K
$434.9K – $579.9K
NOI $34,793 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,992 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,606
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence is occupied, with shared access to nearby Fort Lauderdale destinations and services.
Where is this quadplex located?
The property is located at 1432 NE 5th ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Four‑unit multifamily property with all units tenant‑occupied; 2,317 square feet of building area; Built in 1965 with concrete block construction
