1501 NE 7TH Avenue, #1
Fort Lauderdale, FL 33304
$1,585,000
RARE 5-PLEX MULTIFAMILY INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Ideal for investors and 1031 exchange buyers seeking a renovated income-producing property in Middle River Terrace. UNIQUE FEATURE: Each of the 5 units has its own separate tax parcel ID, individual water and electric meters. Four 1BR/1BA units and one 2BR/2BA, each with in-unit washer/dryer. Upgrades include impact windows, remodeled kitchens and bathrooms, updated flooring, new perimeter fence and second-floor exterior railings. Swimming pool, private outdoor areas, ample off-street parking and NO HOA! Convenient to Las Olas Boulevard, Wilton Manors, Downtown Fort Lauderdale, dining, shopping, and beaches. Strong rental income and long-term investment potential.
| Listing ID: | B26093017 |
|---|---|
| List Price: | $1,585,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Living Area: | 658 |
| Association Fee: | $0 |
| Tax Annual Amount: | $4,157 |
| Architectural Style: | Two Story |
| Waterfront?: | No |
| City: | Fort Lauderdale |
| County Or Parish: | Broward County |
| Subdivision Name: | Terrace Condos Inc |
| Postal Code: | 33304 |
| Year Built: | 1973 |
| Number Of Units Total: | 4 |
| Association?: | No |
| Cooling: | Central Air |
| Elementary School: | North Side |
| Exterior Features: | Open Balcony, Outdoor Shower |
| Fencing: | Fenced |
| Flooring: | Ceramic Floor |
| Heating: | Central |
| High School: | Fort Lauderdale |
| Listing Contract Date: | 2026-10-26 |
| Lot Features: | 10 Or More Acre Lot, Corner Lot, Fenced |
| Middle Or Junior School: | Sunrise |
| Status: | Active |
| Parking Features: | Limited # Of Vehicle |
| Pets Allowed: | Yes |
| Postal Code Plus4: | 4846 |
| Sewer: | Public Sewer, Public Sanitation, Sewer |
| State Or Province: | FL |
| Stories: | 2 |
| Water Source: | Public |
| Bathrooms Total Integer: | 0 |
| Building Area Total: | 658 |
| Building Area Units: | Square Feet |
| Building Features: | Outside Storage |
| Business Type: | Condominium, Residential-Multi-Family |
| Construction Materials: | CBS Construction, Stucco |
| Cooling?: | Yes |
| Current Financing: | Cash |
| Financial Data Source: | Owner Provided |
| Gross Income: | $127,500 |
| Heating?: | Yes |
| Horse?: | No |
| Listing Terms: | All Cash, Conventional, Exchange |
| Living Area Units: | Square Feet |
| Lot Size Units: | Square Feet |
| MLS Area Major: | Terrace Condos Inc |
| Net Operating Income: | $91,123 |
| New Construction?: | No |
| Number Of Units In Community: | 4 |
| Operating Expense: | $36,377 |
| Original List Price: | $1,585,000 |
| Parcel Number: | 494235af0010 |
| Patio And Porch Features: | Open Balcony, Patio |
| Pool Private?: | No |
| Roof: | Tile, Curved/S-Tile Roof, Tile Roof |
| Sign On Property?: | No |
| Spa?: | Yes |
| Stories Total: | 2 |
| Structure Type: | Fourplex |
| Tax Year: | 2025 |
| Tenant Pays: | Water |
| Total Actual Rent: | $127,500 |
| Utilities: | Electricity Connected, Electricity Available, Sewer Available, Water Available |
| View?: | No |
| Window Features: | Complete Impact Glass |
| Year Built Details: | Resale |
| Zoning: | RS-8 |
| AreaMiamire Area: | 3370 |
| Lp Amt Sq Ft: | $2,408.81 |
| Ok To Advertise ListMiamire Ok To Advertise List: | No |
| Pool Yn: | No |
| Ratio Current Price By Sqft: | $2,408.81 |
| RestrictionsMiamire Restrictions: | Daily Rentals Allowed |
| Special Assessment Yn: | No |
Listing Courtesy of: Douglas Elliman
andreszp777@gmail.com
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Copyright 2026 MIAMI REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIAMI REALTORS® MLS data last updated on October 28, 2026 03:54 AM - ET
Property Last Updated: October 28, 2026 03:54 AM - ET
