$924,998
$25K PRICE DROP

1507 NE 5th Ave Fort Lauderdale, FL 33304

Middle River Terrace Neighborhood

Estimated payment $5,443/month

Total Views 1,765
-- Bed
-- Bath
2,825 Sq Ft
$327 Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Fort Lauderdale High School Rated A

About This Home

CASH FLOW FOR SALE! This is an easily managed four-plex in East Fort Lauderdale (Blocks from Wilton Manors). Clean & well-maintained property. Stable, established long-term tenants. Coin-op laundry brings in APPROX. $150/month, for a total monthly cash flow of $$6,650, or $78,000 per year. This has been a cash cow for the owner for years, and now it can be yours. Not a short sale or foreclosure. (Insurance, electric, water, sewer, trash & RE taxes total $22,000.
Unit #1 $1700/mo. Lease ends 11/14/25
Unit #2 $1700/mo. Lease ends 1/31/26
Unit #3 $1400/mo. Lease ends 11/30/25
Unit #4 $1700/mo. Lease ends 2/28/26

Listing Agent

John Kemper

E PRO Realty License #615745

Co-Listing Agent

Lee Goldman

E PRO Realty License #3063528

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,480

Year Built

  • Built in 1967

Parking

  • 5 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,825 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling Available
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Rent includes sewer, trash collection, water
  • Assessor Parcel Number 494234017930

Community Details

Overview

  • 4 Units
  • Progresso Subdivision

Building Details

  • Net Operating Income $26,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,480

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: MAP QUEST OR TAKE SUNRISE BLVD TO NE 4 AVENUE, GO NORTH TO NE 15 STREET, EAST TO NE 5 AVE, NORTH TO PROPERTY. THIS IS THE SECOND PARCEL ON THE LEFT (WEST)SIDE OF THE STREET. NO SIGN
  • Year Built: 1967
  • Architectural Style: Fourplex
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Tile
  • Living Area: 2825.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Sewer, Trash Collection, Water
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 494234017930
  • Lot Size: 6749
  • Zoning Description: 10 APART

Multi Family

  • Property Net Operating Income: 26372.0
  • Number Of Units Total: 4
  • Total Actual Rent: 41040.0

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 3480.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2025 03/18/25 Price Changed $924,998 -2.6% $327 / Sq Ft
02/27/2025 02/27/25 For Sale $949,998 0.0% $336 / Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/07/2025 01/07/25 For Rent -- -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10489456

BeachesMLS (Greater Fort Lauderdale)

Florida Broward County Fort Lauderdale 33304 Middle River Terrace

1507 NE 5th Ave, Fort Lauderdale, FL

Homes for Sale in Fort Lauderdale, FL

This home is located at 1507 NE 5th Ave, Fort Lauderdale, FL 33304 and is currently priced at $924,998, approximately $327 per square foot. This property was built in 1967. 1507 NE 5th Ave is a home located in Broward County with nearby schools including North Side Elementary School, Sunrise Middle School, and Fort Lauderdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively 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.

John Kemper
Listing Agent
John Kemper
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E PRO Realty
(754) 239-2438