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1501 NE 7th AvenueFort Lauderdale, FL 33304

For Sale

$1,620,000

Smart Buyer Rebate $16,200

5 plex fully rented mls classified as 4 plex in fort lauderdale unit mix four 1bd 1ba and one 2bd 2ba gross income 127 000 annually stable income with rental upside fully renovated with new kitchens baths a c systems flooring fencing railings and new high impact windows no major deferred maintenance each unit includes a washer dryer 2 parking spaces and separate parcel numbers features a pool and a 2bd 2ba unit with a private jacuzzi strong 1031 exchange opportunity roperty is legally structured as five separate condo parcels under one ownership mls classified as 4 plex all units are fully rented unit mix includes four 1bd 1ba units and one 2bd 2ba unit current gross income is 127 000 annually extensive renovations completed including kitchens bathrooms a c systems flooring fencing railings and high impact windows no major deferred maintenance each unit includes washer dryer and two dedicated parking spaces property features a private pool and the 2bd 2ba unit includes its own jacuzzi strong tenant demand in middle river terrace location ideal for 1031 exchange buyer or investor seeking stabilized cash flow with long term flexibility due to separate parcel structure

Listed by Andres Zapata

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License #3306808

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Douglas Elliman

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401-639-9223

Last updated June 15, 2026

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Source: BeachesMLS #F10554588

Listing Facts

  • TypeMulti-family
  • NeighborhoodMiddle River Terrace
  • Days on Prevu113
  • Taxes$4,319/year
  • Size794 sqft
  • Price per sqft$2,040

Amenities

  • Private Outdoor Space
  • Pets Allowed
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

02/23/2026
Listed by Douglas Elliman
$1,620,000

Property Details for 1501 NE 7th Avenue

Association

Amenities

  • Pets Allowed: PetFee,PetRestrictions,Yes

General

  • Number Of Units In Community: 4

Exterior

Construction

  • Number Of Units Total: 4
  • Property Condition: Resale
  • Roof: Barrel
  • Stories Total: 2
  • Structure Type: Multi Family
  • Window Features: Blinds
  • Year Built: 1973
  • Construction Materials: Block
  • Exterior Features: Balcony, Outdoor Living Area, Outdoor Shower

Features

  • Fencing: Fenced
  • Patio And Porch Features: Open, Balcony
  • Pool Features: In Ground
  • Pool Private: Yes

Financial

Taxes

  • Parcel Number: 494235af0050
  • Tax Annual Amount: $4,319.00
  • Tax Assessed Value: $222,070.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Ceramic Tile
  • Spa Features: In Ground
  • Spa: Yes

Measurements

  • Living Area: 794
  • Living Area Source: PublicRecords

Other

Location

  • Subdivision Name: The Terrace Condos Inc

Parking

Parking

  • Parking Total: 10

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: Central Air, Ceiling Fans
  • Has Cooling: Yes
  • Heating: Central, Separate Meters
  • Has Heating: Yes
  • Sewer: PublicSewer
  • Utilities: Cable Available
  • 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 1501 NE 7th Avenue.

What schools are nearby to 1501 NE 7th Avenue?

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 10 parking spaces available for 1501 NE 7th Avenue.

What are the annual taxes for 1501 NE 7th Avenue?

Annual taxes for this multi-family home are estimated at $4,319.

How does 1501 NE 7th Avenue compare to other multi-family homes in Middle River Terrace?

This multi-family home is listed 28% above the average price for multi-family homes in Middle River Terrace and has been on the market for 26 more 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 The Terrace Condos Inc building.

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

According to the MLS, this listing is 794 sqft.

1501 NE 7th Avenue is a -bedroom multi-family home for sale in Fort Lauderdale FL 33304. Listed on Prevu for 113 days at $1,620,000. This residence features 794 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, parking, and swimming pool. Browse 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.