1501 NE 7TH Avenue, #1
Fort Lauderdale, FL 33304
$1,585,000
RARE 5-PLEX MULTIFAMILY INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Ideal for investors and 1031 exchange buyers seeking a renovated income-producing property in Middle River Terrace. UNIQUE FEATURE: Each of the 5 units has its own separate tax parcel ID, individual water and electric meters. Four 1BR/1BA units and one 2BR/2BA, each with in-unit washer/dryer. Upgrades include impact windows, remodeled kitchens and bathrooms, updated flooring, new perimeter fence and second-floor exterior railings. Swimming pool, private outdoor areas, ample off-street parking and NO HOA! Convenient to Las Olas Boulevard, Wilton Manors, Downtown Fort Lauderdale, dining, shopping, and beaches. Strong rental income and long-term investment potential.
| List Price: | $1,585,000 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Living Area: | 658 |
| Tax Annual Amount: | $4,158 |
| Waterfront?: | No |
| Subdivision: | Terrace Condos Inc |
| Year Built: | 1973 |
| Association?: | No |
| Basement Yn: | No |
| Building Area Source: | PublicRecords |
| Construction Materials: | CBSConcreteBlockStructure, Block, Stucco |
| Cooling: | CentralAir |
| Elementary School: | North Side |
| Exterior Features: | Balcony, OutdoorLivingArea, OutdoorShower, Storage |
| Fencing: | BackYard, Fenced, Gate, Wood |
| Heating: | Central |
| High School: | Fort Lauderdale |
| Land Lease?: | No |
| Levels: | Two |
| Listing Contract Date: | 2026-10-26 |
| Lot Features: | CornerLot |
| Lot Size Dimensions: | 4819 |
| Middle Or Junior School: | Sunrise |
| MLS Area Major: | 3370 |
| Mobile Dim Units: | Feet |
| New Construction?: | No |
| Number Of Units In Community: | 4 |
| Operating Expense: | $36,377 |
| Original List Price: | $1,585,000 |
| Parcel Number: | 494235af0010 |
| Parking Total: | 10 |
| Pets Allowed: | CatsOk, DogsOk, NoPetRestrictions, PetFee, Yes |
| Possession: | CloseOfEscrow |
| Postal City: | Fort Lauderdale |
| Property Condition: | Resale |
| Roof: | SpanishTile, Tile |
| Sewer: | PublicSewer |
| Spa?: | Yes |
| Special Listing Conditions: | Standard |
| Stories Total: | 2 |
| Tax Year: | 2025 |
| Window Features: | StormWindows |
| Current Price: | $1,585,000.00 |
| Country Subdivision: | 12011 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12011:494235af0010 |
| Listing Id: | B26093017 |
|---|---|
| Property Sub Type: | Quadruplex |
| Association Fee: | $0 |
| City: | Fort Lauderdale |
| County Or Parish: | Broward |
| Postal Code: | 33304 |
| Number Of Units Total: | 4 |
| Accessibility Features: | None |
| Building Area Total: | 658.0 |
| Cooling?: | Yes |
| Disclosures: | OwnerIsListingAgent |
| Financial Data Source: | Owner |
| Flooring: | CeramicTile |
| Foundation Details: | Block |
| Gross Income: | $127,500 |
| Heating?: | Yes |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, Conventional, Exchange1031 |
| Living Area Source: | PublicRecords |
| MLS Area Minor: | Ftne - Ft Lauderdale Ne (3240-3270;3350-3380;3440-3450;3700) |
| Net Operating Income: | $91,123 |
| Number Of Separate Electric Meters: | 6 |
| Number Of Separate Water Meters: | 6 |
| Patio And Porch Features: | Open, Patio, Balcony |
| Pool Private?: | No |
| Postal Code Plus4: | 4846 |
| Senior Community?: | No |
| Spa Features: | InGround |
| State Or Province: | FL |
| Stories: | 2 |
| Tax Assessed Value: | $195,330 |
| Tenant Pays: | Electricity, Water |
| Utilities: | ElectricityAvailable, SewerConnected, WaterConnected |
| Water Source: | MultipleMeters, Public |
| Zoning: | RS-8 |
| Property Sub Type Additional: | Quadruplex |
| Pet Deposit: | $350 |
| List Office National Association Id: | 279590495 |
| Pets Allowed Yn: | Yes |
| Record Signature: | -374,729,074 |
Listing Courtesy of: Douglas Elliman
Listing Agent: Andres Zapata
401-639-9223
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BeachesMLS data last updated on October 28, 2026 02:30 AM - ET
Property Last Updated: October 28, 2026 02:30 AM - ET
