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1219 NE 5th Terrace # 2, Fort Lauderdale FL 33304

Commercial For Sale
$747,850

BTC: 11.65063941

ETH: 424.20615563

-$52K (2026/06/16)
25 days
0 room(s)

Overview

Rare opportunity to acquire income-producing duplex (2 1/1s) w/ additional development capacity in Fort Lauderdale's rapidly developing Studio City at over 30% below market value. Keep the existing duplex (w/separate water & electric meters) & add 8 units for 10 units total. Included site plan shows layout, parking, & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$91k-$117k per unit sold, $129k-$162k per unit active. Active & sold multifamily comps:$200k(not renovated)-$320k(renovated) per unit. Subject property: partially renovated duplex + 8 units of buildable land; market value ~$1.2M. 1 bed rents:$1.6k-$2.3k/mo. Build cost ~$1.2M. All in:~$2M. Projected value:$3M+ = $1M+ equity. Potential ~10% cap. Opportunity zone. Seller will finance.

Location

Florida • Fort Lauderdale • 33304 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Assigned / Awning / Covered / Guest
Year Built:
1957
Lot:
0.23 Acres
Heating:
Window/Wall
Price/sqft:
No Data
Cooling:
Ceiling Fan(s) / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,502,000
$274K – $3.8M
Confidence Low
List vs. estimate
$754K below estimate
List $747,850 · -50.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
60 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,203
2025
Parking
11 spaces
All facts and features

  • Flooring

    • Terrazzo

    Heating

    • Window/Wall

    Cooling

    • Ceiling Fan(s)

    • Wall/Window Unit(s)

  • Parking

    • Assigned

    • Awning

    • Covered

    • Guest

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 494234032080

    • Zoning: RMM-25

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Cable Available

    • Electricity Available

    • Phone Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $7,203

  • Source details

    • MLS ID: B26033810

    Other facts

    • Construction Materials: CBS Construction / Stucco

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

    • 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
561
median $840K
Active
Same city
Fort Lauderdale
2,896
median $704K
Active
Same type
Commercial
179
median $1.5M
Active
Similar price
$523K – $972K
698
median $699K
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: United Realty Group Inc.