Overview

Property ID: B26033810

Multi Family
Property Type

1957
Year Built

Description

Rare opportunity to acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity in Fort Lauderdale’s rapidly developing Studio City at over 35% below market value. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale’s emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting with the city has been held; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and zoning regulations. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(fully renovated) per unit. Subject property: partially renovated duplex + 8 units of buildable land; market value ~$1.2M. 1 bed rents:$1.6k-$2.3k/mo. Build cost ~$1.2M. All in:~$2M. Projected value:$3M+ = $1M+ instant equity upon completion. Potential ~10% cap rate. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

Address

Open on Google Maps

Address: 5th
City: Fort Lauderdale
State/county: Broward County
Zip/Postal Code: 33304
Area: 0, 17TH TERRACE CONDOMINIUM, 2200 Fort Lauderdale Beac, 2200 FORT LAUDERDALE BEAC, AUBERGE BEACH RESIDE, 2200 FORT LAUDERDALE BEAC, AUBERGE NORTH, 2200 FORT LAUDERDALE BEACH, 2920 Sw 25th Terrace Cond, 9300 Harbor Terrace Condo, 9300 HARBOR TERRACE CONDO, 9300 HARBOR TERRACE, Adagio Fort Lauderdale Bea, ADAGIO FORT LAUDERDALE BEA, Adagio, ALTA VISTA TERRACE, ATLANTIC TERRACE 3401 CON, B, BAYSHORE TERRACE CONDO, BAYSIDE TERRACE CONDO, Bayview Terr Condo, BAYVIEW TERRACE CONDO, BEACH TERRACE RESORT COND, BELMONT AT NORTH LAUDERDA, Bird Road Terrace, BISCAYNE PARK TERRACE CON, BISCAYNE PARK TERRACE CON, BISCAYNE PARK TERRAC, BOWLING GREEN TERR, Bruce Terrace, Buie Terrace, Carlile Terrace, CLEVELAND TERRACE FIRST A, Cocoplum Terr Addn, CORAL TERR SEC 1, CORAL TERR SEC NO 2, Coral Terrace, CORAL TERRACE SEC 2, Cranston Terrace, DORAL COMMONS RESIDENTIAL, TERRA GROUP, Durham Terrace, DURHAM TERRACE, Durham Terrace, E, ELYSEE NANCY TERRACE, EMBASSY LAKES, Terra Lago, FAIRBANKS TERRACE SOUTH CO, FLAMINGO TERRACE SUB, Fort Lauderdale Residence, FORT LAUDERDALE RESIDENCES, FORT LAUDERDALE TRUCK FAR, Fort Lauderdale Yacht, FT LAUDERDALE ESTATES, FT LAUDERDALE ESTATES 1ST, Ft Lauderdale Land & Dev C, FT LAUDERDALE LAND & DEV C, Sonew Lofts, Ft Lauderdale Yacht &, Ft Lauderdale Yacht &, Fort Lauderdale, GALT OCEAN TERRACE CONDO, GARDEN TERRACE APTS NO 10, GOLDEN TERRACE CONDO, GORDON DALE PK, HAMPTONS OF NORTH LAUDERD, HAMPTONS OF NORTH LAUDERDA, HIBISCUS TERRACE CONDO, Hollywood Terr No 2, Hollywood Terrace, HOLLYWOOD TERRACE AMEN PLA, Island Terrace Condo, Lakeview Terrace Rev, Lauder Gate Isles, Lauderdale, Lauderdale 2-9 D, Lauderdale 2-9 D Lot 23 Bl, Lauderdale Beach, Lauderdale Beach Estates, Lauderdale Beach Estates, Lauderdale Beach ext, Lauderdale Beach Ext, Lauderdale Beach Ext Unit, Lauderdale By The Sea, Lauderdale by the Sea, Lauderdale By The Se, LAUDERDALE BY THE SEA, Seagrape Townhouses, Lauderdale Gardens, LAUDERDALE GOLF ESTATES, Lauderdale Groves Amen Pl, Lauderdale Harbors, LAUDERDALE HARBORS SECTIO, LAUDERDALE HARBORS SECTION, Lauderdale Harbours, The Watermark on Fif, Lauderdale Isles 2 33-20, Lauderdale Isles No 2, Lauderdale Isles No 2-blk, LAUDERDALE ISLES NO 2, Lauderdale Isles, Lauderdale Lakes East Gat, Lauderdale Lakes North Ga, LAUDERDALE LAKES WEST GAT, Lauderdale Manor, LAUDERDALE MANOR HOMESITE, LAUDERDALE MANORS 19 ST, LAUDERDALE MANORS ADD, Lauderdale Manors Add Rev, Lauderdale Manors Amd Pla, Lauderdale Manors Amd Plat, LAUDERDALE MANORS AMEN PLA, LAUDERDALE MANORS AMEN RE, Lauderdale Manors Amen Res, LAUDERDALE MANORS RESUB O, LAUDERDALE NORTH PARK, Lauderdale North Park Sec, Lauderdale North Park Sect, LAUDERDALE OAKS, Lauderdale Oaks Condo, LAUDERDALE OAKS CONDO 7, LAUDERDALE OAKS CONDO II, LAUDERDALE OAKS CONDO XII, Lauderdale Oaks, LAUDERDALE OAKS CONDO XIV, Lauderdale One Condo, LAUDERDALE ONE CONDO, LAUDERDALE ONE, Lauderdale Park 6-33 1/2, LAUDERDALE TOWER, LAUDERDALE TOWER CONDO, Lauderdale Tower, Lauderdale Villas, Lauderdale West 2 Sec, Lauderdale West 2 Sec 78-, LAUDERDALE WEST 2 SEC, LAUDERDALE WEST, LAUDERDALE WEST 3 SEC, Lauderdale West 3 Sec 83-, LAUDERDALE WEST 3 SEC, LAUDERDALE WEST, LAUDERDALE WEST CONDO NO, LAUDERDALE WEST CONDO NO I, Lauderdale West, LAUDERDALE WEST CONDO NO X, Lauderdale West Sec 4, LE TERRACE CONDO, LE TERRACE, LIGHTHOUSE TERRACE CO-OP, Lincoln Terrace Sub, MADRID TERRACE CONDO, Mcallister Terr, Mcallister Terrace, Mckeever Terr, Mckeever Terr No 2, Middle River Terrace Amd, MIRAMAR TERRACE CONDO, Monad Terrace Condo, MONTERRA PLAT, Bella Terra, n/a, RAINELLE TERRACE, NANCY TERRACE, NO 14 PALM-AIRE COUNTRY C, oaks terrace, North Andrews Terrace, North Andrews Terrace Fir, NORTH ANDREWS TERRACE FIRS, NORTH ANDREWS TERRACE FIRS, North Andrew Terrace, North Andrews Terrace Sec, North Andrews Terrace Seco, North Lauderdale, North Lauderdale Amended, North Lauderdale Div B, North Lauderdale Division, NORTH LAUDERDALE ESTATES, North Lauderdale Village, North Lauderdale Village S, NORTH LAUDERDALE VILLAGE S, NORTH LAUDERDALE VIL, NORTHWEST LAUDERDALE 2 AD, OLETA TERR N MIAMI BEACH, Ombelle Fort Lauderdale, Ombelle Fort Lauderdale, OMBELLE, Ombelle Fort Lauderdale, Ombelle Fort Lauderd, Palm Terrace, PALM TERRACE APTS CONDO, PALM TERRACE APARTME, PARAMOUNT FT LAUDERDALE, Paramount Ft Lauderdale Co, Plantation Terrace, PLANTATION TERRACE CONDO, Pompano Terrace, RAVENSWOOD ESTATES & MARI, ESTATES OF FORT LAUD, RESUB OF POR OF NORFOLK GA, MIDDLE RIVER TERRACE, Rev Pl Of Bay View Terr, REV PLAT OF LAUDERDALE MAN, RIVER HOUSE TERRACE CONDO, Royal Lauderdale Landings, ROYAL TERRACE CONDOMINIUM, Sapphire Fort Lauderdale, Sapphire Fort Lauderdale C, SAPPHIRE FORT LAUDERDALE C, Sapphire, SAPPHIRE FORT LAUDERDALE C, Sapphire Fort Lauder, SEASIDE TERRACE CONDO, Silver Shores Sec Of Laud, Silver Shores Sec Of Laude, Sole At Fort Lauderdale, SOLE AT FORT LAUDERDALE C, Sole At Fort Lauderdale Co, SOLE AT FORT LAUDERDALE CO, SOLE AT FT LAUDERDAL, SOLE AT FORT LAUDERDALE, SOLE, SOMERSET AT LAUDERDALE LA, SOMERSET AT LAUDERDALE LAK, TENNIS CLUB TILDEN CONDO, Tennis Club of Fort, TERRA BEACHSIDE CONDO, TERRA LAKE VILLAS CONDO, Terra Mar Island Estates, Terra Mar Island Estates, Terra Mar Island Est, Terra Sol, TERRA SOL, LENNAR, TERRACE EAST CONDO, Terrace View Towers Condo, THE TERRACE CONDO, TROPICAL TERRACE CONDO, Viceroy Fort Lauderdale, Viceroy Fort Lauderdale, Viceroy Residences, VINTAGE ESTATES, TERRA GROUP, W Fort Lauderdale, W Fort Lauderdale Residenc

Details

Updated on August 24, 2026 at 4:24 pm

Property ID B26033810
Price $729,850
Land Area 0.23 Square Feet
Year Built 1957
Property Type Multi Family
Property Status Active, Commercial Sale

Additional details

AccessibilityFeatures Accessible Parking
BuildingAreaSource Appraisal
BuildingAreaTotal 1053
BuildingAreaUnits Square Feet
CoListAgentDirectPhone 954-214-0548
CoListAgentEmail waynethelandman@gmail.com
CoListAgentFullName Wayne C Charneco
CoListAgentKey 5eddff884a5af6b9c130b2e5f98b66fc
CoListAgentMlsId FLL3206892
CoListAgentOfficePhone 954-450-2000
CoListOfficeKey 7248f7b9c128cdc754e2fd0f72d33a10
CoListOfficeMlsId FLLURGI01
CoListOfficeName United Realty Group Inc
CoListOfficePhone 954-450-2000
ConstructionMaterials CBS Construction, Stucco
ContractStatusChangeDate 2026-05-28
Cooling Ceiling Fan(s), Wall/Window Unit(s)
CurrentFinancing Cash
DaysOnMarket 61
DocumentsAvailable Copies Of Lease(S), Site Plans
DocumentsCount 2
Electric Separate Meters
ExpirationDate 2027-05-31
Flooring Terrazzo
Heating Window/Wall
Inclusions Building Only, Business And Building
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR BeachesMLS
ListAgentDirectPhone 954-993-6664
ListAgentEmail MikeSheerRealtor@gmail.com
ListAgentFullName Michael J Sheer
ListAgentKey df32be35c8840da6ac0a8a5cda2b8d7c
ListAgentMlsId FLL3355952
ListAgentOfficePhone 954-450-2000
ListAgentStateLicense 3355952
ListOfficeKey 0594da7ef0255aced82a2bf8f5ae701b
ListOfficeMlsId FLLURGI07
ListOfficeName United Realty Group Inc.
ListOfficePhone 954-450-2000
ListingAgreement Exclusive Right To Sell
ListingContractDate 2026-05-28
ListingKey 7d02a845f8faf1bc89ee1c13ce4af39f
ListingTerms All Cash, Conventional, Cryptocurrency, Exchange, Owner Will Carry, Owner Hold 2nd Mortgage
LotFeatures Less Than 1/4 Acre Lot, Less Than 1 Acre
LotSizeSquareFeet 10129
MajorChangeTimestamp June 16, 2026 at 08:52pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp July 28, 2026 at 05:25pm
NumberOfUnitsInCommunity 2
OnMarketDate 2026-05-28
OriginalEntryTimestamp May 28, 2026 at 08:20pm
OriginalListPrice 799997
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 494234032080
ParkingFeatures Assigned, Awning, Covered, Guest
ParkingTotal 11
PhotosChangeTimestamp June 29, 2026 at 04:36pm
PhotosCount 38
Possession Funding, Long Closing Preferred, Negotiable
PostalCode 33304
PostalCodePlus4 4916
PreviousListPrice 747850
PriceChangeTimestamp July 28, 2026 at 09:01pm
Roof Comp Shingle Roof, Shingle
SecurityFeatures Other Fire Protection, Other
Sewer Public Sewer, Public Sanitation, Sewer
ShowingContactType Agent
ShowingInstructions 24 Hour Notice, Appointment Only, Call Listing Agent, Elect Lockbox-Call List Agent, List Agent Must Accompany, Pet On Premises
SourceSystemKey 498488152
SpecialListingConditions Sale
StateOrProvince FL
StatusChangeTimestamp May 28, 2026 at 08:20pm
Stories 1
StoriesTotal 1
StreetDirPrefix NE
StreetName 5th
StreetNumber 1219
StreetNumberNumeric 1219
StreetSuffix Terrace
StructureType Multi Family
SyndicationRemarks Rare opportunity to acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 35% below market value. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting with the city has been held; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and zoning regulations. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(fully renovated) per unit. Subject property: partially renovated duplex + 8 units of buildable land; market value ~$1.2M. 1 bed rents:$1.6k-$2.3k/mo. Build cost ~$1.2M. All in:~$2M. Projected value:$3M+ = $1M+ instant equity upon completion. Potential ~10% cap rate. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.
TaxAnnualAmount 7203
TaxLegalDescription PROGRESSO 2-18 D LOT 13, 14, 15 BLK 114
TaxYear 2025
TenantPays Water
UnitNumber 1-2
Utilities Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
WaterSource Public
Zoning RMM-25