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1224 NE 5TH Avenue, Fort Lauderdale FL 33304

House For Sale
$549,000

BTC: 6.87969925

ETH: 236.63793103

New
3 bds
3 ba
1,368 sqft

Overview

**INVESTOR SPECIAL - PRIME FORT LAUDERDALE LOCATION!** Great investment opportunity in desirable Middle River Terrace/Progresso! This 3-bedroom, 3-bathroom CBS single-family home is currently configured as a 2/2 main residence and a separate income-producing 1/1 efficiency, offering potential for two rental income streams. Property needs TLC but offers excellent investment potential. Recent permitted upgrades include 12 impact-resistant windows and 4 exterior impact doors. Situated on a 6,753 sq. ft. lot with a fully fenced backyard and double gates. Minutes from Wilton Manors, Downtown Fort Lauderdale, Las Olas, beaches, and major highways. Great opportunity for investors or buyers looking to add value!

Location

Details

Type:
Residential
Parking:
2 Or More Spaces / Driveway
Year Built:
1961
Lot:
0.16 Acres
Heating:
Other / Window/Wall
Price/sqft:
$401
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$549,000
$417K – $809K
Confidence Low
List vs. estimate
At estimate
List $549,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$401
-29.7% vs. city median $570
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$16,818
2025
Parking
4 spaces
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Other

    • Window/Wall

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Electric Water Heater

    • Disposal

    • Electric Range

    • Refrigerator

    Other interior features

    • First Floor Entry

    • Split Bedroom

    • Family Room

    • Separate Guest/In-Law Quarters

    • Maid/In-Law Quarters

    • Maid'S Quarters

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • 2 Or More Spaces

    • Driveway

    Property

    • Levels: 1

    • Exterior Features: Courtyard

    Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 494234032180

    • Zoning: RMM-25

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Cable Available

    Green energy

    • Windows

  • Other financial information

    • Annual tax amount: $16,818

  • Source details

    • MLS ID: B26094072

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot / Less Than 1 Acre / Fenced

    • Window Features: Complete Impact Glass

    • Direction Faces: West

    • Other Structures: Livable

    • Architectural Style: One Story

    • Living Area: 1368

    • Water Source: Public

    • Subdivision Name: PROGRESSO

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Virgil Signature Realty LLC