1501 NE 7th Avenue Fort Lauderdale, FL 33304
- Added:
- Feb 23, 2026
- Days on Market:
- 72
- Last Refresh:
- May 6 at 10:06 pm
Property Features for 1501 NE 7th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS-8
- Bedrooms
- 5
- Rooms
- Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 1
- 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
- Central Air, Ceiling Fan(s)
- 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 agent Andres Zapata License #3306808 (401) 639-9223
Listing office Douglas Elliman 450 E LAS OLAS BLVD STE 140 SUITE 140, Palm Beach, FL (954) 874-0740
Listing date Feb 23, 2026
MLS# F10554588
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.
HighLights
- High Income Potential: Gross annual income of $121,000 with approximately $89,000 Net Operating Income (NOI).
- Fully Renovated: New kitchens, baths, A/C systems, flooring, fencing, railings, and high‑impact windows.
- Separate Condo Parcels: Structured as five separate condo parcels under one ownership.
- Desirable Amenities: Features a private pool and a 2BD/2BA unit with a private jacuzzi.
- Washer/Dryer & Parking: Each unit includes a washer/dryer and two dedicated parking spaces.
- Stable Income with Upside: Fully rented with potential for rental increases.
Overview
Fort Lauderdale Renovated Income Property
This fully rented 5-plex, classified as a 4-plex for MLS purposes, is located in Fort Lauderdale. The unit mix includes four 1BD/1BA units and one 2BD/2BA unit. The property generates a gross annual income of $121,800, with a net operating income (NOI) of approximately $89,000. The property has undergone extensive renovations, including new kitchens, bathrooms, A/C systems, flooring, fencing, railings, and high-impact windows, indicating no major deferred maintenance. Each unit is equipped with a washer/dryer and two parking spaces. The property features a pool, and the 2BD/2BA unit includes a private jacuzzi. The property is legally structured as five separate condo parcels under one ownership. It is positioned as a strong opportunity for a 1031 exchange buyer or an investor seeking stabilized cash flow with long-term flexibility due to the separate parcel structure. The property is located in the Middle River Terrace location. The building size is 794 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.137589
- Latitude
- 26.146696
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully rented 5-plex with strong income and recent renovations.
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 $1,647,000.
What are key features of this property?
This property features: High Income Potential: Gross annual income of $121,000 with approximately $89,000 Net Operating Income (NOI).; Fully Renovated: New kitchens, baths, A/C systems, flooring, fencing, railings, and high‑impact windows.; Separate Condo Parcels: Structured as five separate condo parcels under one ownership.
