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5-Unit Apartment Building
New
For Sale
$1,585,000

1501 NE 7TH Avenue, Fort Lauderdale, FL 33304

Residential Income, Fort Lauderdale, FL

Property Size658 SF
Price / SF$2,408
Days on Market3

Property Features for 1501 NE 7TH Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning RS-8
Bedrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 2
Spa 1
Window features Storm Window(s)
Patio and Porch features Patio
Pets allowed Cats OK, Yes, No, Dogs OK
Exterior features Balcony, Outdoor Shower, Storage
Fencing Gate, Fenced
Subdivision TERRACE CONDOS INC
Lot features Corner Lot
Elementary school North Side
Middle school Sunrise
High school Fort Lauderdale
Standard status Active
APN 494235af0010
Size 658 SF

Additional Details

Individually Metered Utilities water, electricity

Taxes and HOA fees

Tax Year 2025
Tax Description THE TERRACE CONDOS INC UNIT 1 PER CDO BK/PG: 39000/1108
Tax Annual Amount 4158
Legal Description THE TERRACE CONDOS INC UNIT 1 PER CDO BK/PG: 39000/1108

Utilities

Utilities Electricity Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

swimming pool
private outdoor areas
in-unit washer/dryer

Building Details

Year built 1973
Floors in Building 2
Number of units 4
Flooring type Tile - Ceramic
Building materials CBS, Stucco
Roof type Tile
Additional Structures Storage
Listing Agency: Douglas Elliman
Listed By: Andres Zapata · License #3306808
Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 6:06PM
MLS# B26093017

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This five-unit apartment property contains four one-bedroom, one-bathroom residences and one two-bedroom, two-bathroom residence. Each unit has its own tax parcel ID and individual water and electric meters. In-unit washers and dryers are included throughout. The 658-square-foot property was built in 1973 and is zoned RS-8.

Improvements include impact windows, remodeled kitchens and bathrooms, updated flooring, perimeter fencing, and second-floor exterior railings. Site features include a swimming pool, private outdoor areas, balconies, a patio, storage, an outdoor shower, and off-street parking. Central heating and air conditioning serve the property.

Las Olas Boulevard, Wilton Manors, Downtown Fort Lauderdale, dining, shopping, and beaches are identified as nearby destinations. Public water and sewer are available.

Key Highlights

  • Five units: four 1BR/1BA and one 2BR/2BA
  • Each residence has a separate tax parcel ID and individual water and electric meters
  • In‑unit washer and dryer in all five residences

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

5
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,606
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five residences have separate tax parcel IDs and utility meters, with laundry equipment inside each unit.
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 $1,585,000.
What are key features of this property?
This property features: Five units: four 1BR/1BA and one 2BR/2BA; Each residence has a separate tax parcel ID and individual water and electric meters; In‑unit washer and dryer in all five residences
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