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1219 NE 5th Terrace 12Fort Lauderdale, FL 33304

For Sale

$747,850

Smart Buyer Rebate $7,479

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

Listed by Michael J Sheer

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License #3355952

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United Realty Group Inc.

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954-993-6664

Listed by Wayne C Charneco

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License #3206892

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United Realty Group Inc.

Last updated June 16, 2026

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Source: BeachesMLS #B26033753

Listing Facts

  • TypeMulti-family
  • NeighborhoodMiddle River Terrace
  • Days on Prevu19
  • Taxes$7,203.21/year
  • Size1,053 sqft
  • Price per sqft$710

Amenities

  • Private Outdoor Space
  • Pets Allowed
  • Parking

Location

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Listing History

06/16/2026
Price Decreased
$747,850
05/28/2026
Listed by United Realty Group Inc.
$799,997

Property Details for 1219 NE 5th Terrace 12

Association

Amenities

  • Pets Allowed: NoPetRestrictions,Yes

General

  • Number Of Units In Community: 2

Exterior

Construction

  • Number Of Units Total: 2
  • Property Condition: Resale
  • Roof: Flat
  • Stories: 1
  • Stories Total: 1
  • Structure Type: Duplex
  • Window Features: Storm Windows
  • Year Built: 1957
  • Construction Materials: Block, Stucco
  • Exterior Features: Outdoor Living Area, Other

Features

  • Patio And Porch Features: Patio, Porch

Measurements

  • Building Area Total: 1,053
  • Lot Features: Less Than Quarter Acre
  • Lot Size Acres: 0.23
  • Lot Size Area: 10,018
  • Lot Size Dimensions: 75,135

Financial

Taxes

  • Parcel Number: 494234032080
  • Tax Annual Amount: $7,203.21
  • Tax Assessed Value: $265,430.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Terrazzo

Measurements

  • Living Area: 1,053
  • Living Area Source: Appraiser

Other

Location

  • Subdivision Name: PROGRESSO

Parking

Parking

  • Parking Total: 6

Schools

Elementary School

  • Elementary School: North Side

High School

  • High School: Fort Lauderdale

Middle or Junior School

  • Middle Or Junior School: Sunrise

Utilities

Equipment

  • Cooling: Ceiling Fans, Wall Window Units
  • Has Cooling: Yes
  • Heating: Wall Furnace
  • Has Heating: Yes
  • Sewer: PublicSewer
  • Utilities: Cable Available, Electricity Connected, Other, Phone Available, Sewer Connected, Water Connected
  • Water Source: MultipleMeters,Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1219 NE 5th Terrace 12.

What schools are nearby to 1219 NE 5th Terrace 12?

Nearby schools include the North Side Elementary School, Sunrise Middle School, and Fort Lauderdale High School.

Does this multi-family home have parking?

Yes, there are 6 parking spaces available for 1219 NE 5th Terrace 12.

What are the annual taxes for 1219 NE 5th Terrace 12?

Annual taxes for this multi-family home are estimated at $7,203.

How does 1219 NE 5th Terrace 12 compare to other multi-family homes in Middle River Terrace?

This multi-family home is listed 41% below the average price for multi-family homes in Middle River Terrace and has been on the market for 68 less days than the typical home in this area.

What building or home owners association is the multi-family home part of?

This multi-family home is in the PROGRESSO building.

What is the square footage on this multi-family home?

According to the MLS, this listing is 1,053 sqft.

1219 NE 5th Terrace 12 is a -bedroom multi-family home for sale in Fort Lauderdale FL 33304. Listed on Prevu for 19 days at $747,850. This includes a recent price decrease of $52,147. This property features 1,053 square feet of living space, located in Middle River Terrace. The median listing price for multi-family homes in this area is $657,000. Nearby schools include North Side Elementary School, Sunrise Middle School, and Fort Lauderdale High School. Additional amenities include private outdoor space, pets allowed, and parking. Explore more multi-family home listings in Fort Lauderdale.

Based on information from Beaches MLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.