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1219 NE 5th Terrace, Fort Lauderdale, FL 33304

$799,997

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New to the Market Active

LOT SIZE 0.232 acres MLS#B26033788

STATUSActive PROPERTY TYPELand - Residential SUBDIVISIONPROGRESSO

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Property Description

Rare opportunity to acquire an income producing duplex w/confirmed additional development capacity in Fort Lauderdale's rapidly developing Studio City at OVER 30% OFF market value. Keep the existing duplex (w/separate water & electric meters) & add 8 units for 10 units total. Included site plan shows layout, parking, & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(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+ equity. Potential ~10% cap. Opportunity zone. Seller will finance.

1219 NE 5th Terrace | MLS# B26033788

This land located at 1219 NE 5th Terrace, Fort Lauderdale, FL 33304 is currently listed for sale with an asking price of $799,997. The property has approximately 0.23 Acres. Search Fort Lauderdale real estate on hpollack.realty100.com today.

Property Features

Property Type: Land - Residential

Lot Size: 0.23 Acres

Taxes: $7,203

Feature Descriptions

Fencing: Wood

Lot Dimensions: 75 ft x 135 ft

Parcel#: 494234032080

Sewer: Public Sewer

Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected

Water: Public

Local Schools

High School: Fort Lauderdale

Middle School: Sunrise

Elementary School: North Side

Listed By / Shown By

Listed By

Agency Name: United Realty Group Inc.
Agency Phone: 954-450-2000

Shown By

Agent Name: Hunter Pollack
Agent Phone:
Agency Title: Realty 100

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Estimated Payment

$ 2,614.03 per month $1,780.45 Principal & Interest $600.25 Property Tax $233.33 Homeowner's Insurance

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1219 NE 5th Terrace, Fort Lauderdale, FL 33304

$799,997

SAVE TOUR PROPERTY

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/28/2026. The listing information on this page last changed on 05/28/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 05/28/2026 4:52:53 PM EST) or Miami MLS (last updated Thu 05/28/2026 4:40:57 PM EST) or Stellar MLS (last updated Thu 05/28/2026 4:48:09 PM EST) or Beaches MLS (last updated Thu 05/28/2026 4:44:49 PM EST). Real estate listings held by brokerage firms other than Realty 100 may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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1219 NE 5th Terrace, Fort Lauderdale, FL 33304

Property Description

1219 NE 5th Terrace | MLS# B26033788

Property Features

Feature Descriptions

Local Schools

Listed By / Shown By

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1219 NE 5th Terrace, Fort Lauderdale, FL 33304

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