$898,900
$20K PRICE DROP

520 SW 5th Ave Fort Lauderdale, FL 33315

Tarpon River Neighborhood

Estimated payment $6,259/month

Total Views 1,914
-- Bed
-- Bath
1,568 Sq Ft
$573 Price per Sq Ft

About This Home

PRIME TURNKEY INCOME PRODUCING property to add to your portfolio, offering exceptional rental income & future development potential. Located in the desirable Tarpon River neighborhood, just steps from the New River, Las Olas & in the heart of Fort Lauderdale, this property features 2 beautifully remodeled units. Each unit offers 2 bedrooms, 1 bathroom, in-unit laundry, & separate electrical meters. Lower unit includes a private backyard with a hot tub, while the upper unit is fully furnished & actively generating income through Short Term Rentals. Oversized 145' x 50' lot (7,250 sq ft) with RD-15 zoning, this property is ideal for future redevelopment. Recent improvements completed include new roof, water heaters, electrical systems, HVAC systems. NO HOA.

Listing Agent

Maria Isabel Sanchez

Gilvan Realty Corp. License #3585057

Gilvan Realty Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,892

Year Built

  • Built in 1935

Lot Details

  • Sprinkler System

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,568 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Units
  • Ft Lauderdale B 40 D Subdivision

Listing and Financial Details

  • Rent includes sewer, trash collection
  • Assessor Parcel Number 504210014810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,892

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Use GPS Broward Blvd to Ave of the Arts (SW 4th Ave) South to SW 6th St, Go west and take first right onto 5th Ave. Property is 3/4 down on right side.
  • Year Built: 1935
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Laminate
  • Living Area: 1568.0

Exterior Features

  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent, Pet on Property
  • Construction Type: Frame, Wood Siding
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 504210014810
  • Lot Size: 7250
  • Zoning Description: RD-15

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 14892.0

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 85000.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,755 $795,000 $145,000 $650,000
2024 $14,892 $726,220 $36,250 $689,970
2023 $14,892 $726,330 $36,250 $690,080
2022 $6,922 $305,040 $0 $0
2021 $6,264 $277,310 $36,250 $241,060
2020 $4,386 $205,000 $36,250 $168,750
2019 $3,565 $178,280 $36,250 $142,030
2018 $3,328 $194,490 $36,250 $158,240
2017 $3,087 $121,510 $0 $0
2016 $2,887 $110,470 $0 $0
2015 $2,716 $100,430 $0 $0
2014 $2,538 $91,300 $0 $0
2013 -- $117,890 $36,250 $81,640
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 Price Changed $898,900 -2.2% $573 / Sq Ft
01/07/2025 01/07/25 For Sale $919,000 -- $586 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Deed History

Date Type Sale Price Title Company
Warranty Deed $800,000 Harvey L Rubinchik Pa
Warranty Deed $307,600 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $335,000 New Conventional
Previous Owner $230,662 New Conventional
Source: Public Records

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10479230

BeachesMLS (Greater Fort Lauderdale)

APN: 50-42-10-01-4810

Florida Broward County Fort Lauderdale 33315 Tarpon River

520 SW 5th Ave, Fort Lauderdale, FL

Homes for Sale in Fort Lauderdale, FL

This home is located at 520 SW 5th Ave, Fort Lauderdale, FL 33315 and is currently priced at $898,900, approximately $573 per square foot. This property was built in 1935. 520 SW 5th Ave is a home located in Broward County with nearby schools including Croissant Park Elementary School, New River Middle School, and Stranahan 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.

Listing Agent
Maria Isabel Sanchez
Section Image
Gilvan Realty Corp.
(754) 547-7318