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1350 NE 5th Ter # 28, Fort Lauderdale FL 33304

Commercial Recently Sold
$6,300,000

BTC: 96.65541577

ETH: 3,311.18866417

Sold on: 2026-05-06
108 days
0 room(s)

Overview

A rare opportunity to acquire a 28-unit property in Fort Lauderdale’s highly sought-after Middle River Terrace, featuring an unbeatable unit mix of all 2BD/1BA apartments—half fully renovated. The property offers brand-new impact windows and doors, a completed 40-year recertification, plenty of parking, and substantial upside, with recent renovations resulting in approximately 10 current vacancies. At full occupancy, the asset delivers nearly an 8% cap rate, making it an exceptional cash-flow opportunity in one of the city’s strongest rental corridors. Ideally located just minutes from Wilton Drive, Downtown, Las Olas, the beach, and FLL Airport, this property offers stability, income growth, and long-term appreciation potential.

Location

Florida • Fort Lauderdale • 33304 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1972
Lot:
35087 Square Feet
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$5,780,000
$3.7M – $6.7M
Confidence Low
List vs. estimate
$720K above estimate
List $6,500,000 · +12.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$51,982
2024
All facts and features

  • Heating

    • Central Individual A/C

  • Lot

    • Lot: 35087 Square Feet

    Other Property Information

    • Parcel Number: 494234000321

    • Zoning: RM-15

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $51,982

  • Source details

    • MLS ID: A11927736

    Other facts

    • Window Features: Clear Impact Glass

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33304
544
median $810K
Active
Same city
Fort Lauderdale
2,816
median $699K
Active
Same type
Commercial
167
median $1.4M
Active
Similar price
$4.5M – $8.4M
108
median $5.6M
Active

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: Fausto Commercial Realty Consultants Inc