Sold for $849,000

$849,000

1507 NE 5th Avenue, Fort Lauderdale, FL 33304

7beds

5baths

2,825sqft

Quadruplex, Multi Family, Multi Family

Built in 1967

-- sqft lot

$857,000 Zestimate^®

$301/sqft

$3,519 Estimated rent

Home value

$857,000

$771,000 - $960,000

$3,519/mo

Zestimate^® history

Owner options

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$3,519/mo

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$3,519/mo

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$5,910/mo

Est. payment

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$5,910/mo

Est. payment

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What's special

CASH FLOW FOR SALE! Just outside Wilton Manors Four-plex in East Fort Lauderdale. Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Separate Electric Meters for each Unit- Insurance, water/sewer/trash, Laundry Room Electric & RE taxes=$22,000. Unit #1 $1800/mo. Lease ends 11/14/26|Unit #2 $1700/mo. Lease ends 1/31/26|Unit #3 $1600/mo. Lease ends 2/30/26|Unit #4 $1700/mo. Lease ends 2/28/26- Coin-op laundry on Site brings in Approx.. $150/month, Property total monthly cash flow =$6,950.00 or $83,400 per year. Please Do not walk the property–tenants are unaware for sale. *Showings ONLY available after an ACCEPTED OFFER* This is a strong income producing asset in high-demand rental market. Ideal for investors seeking steady returns.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5

Heating

Electric

Cooling

Electric

Features

Flooring: Ceramic Tile, Tile

Interior area

Total interior livable area: 2,825 sqft

Property

Features

Patio & porch: Porch, Balcony
Exterior features: Balcony

Lot

Size: 6,749 Square Feet
Dimensions: 6749
Features: < 1/4 Acre

Details

Parcel number: 494234017930
Zoning: 10 APART

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family, Multi Family

Materials

Block
Roof: Composition,Shingle

Condition

Resale
New construction: No
Year built: 1967

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Community

Subdivision: PROGRESSO

HOA

Has HOA: No
Services included: Sewer, Trash, Water

Location

Region: Fort Lauderdale

Financial & listing details

Price per square foot: $301/sqft
Tax assessed value: $122,510
Annual tax amount: $3,480
Date on market: 2/27/2025
Cumulative days on market: 265 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
1/5/2026	Sold	$849,000-5.7%$301/sqft
Source: BeachesMLS #F10489456 Report a problem
11/19/2025	Pending sale	$899,999$319/sqft
Source: BeachesMLS #F10489456 Report a problem
10/23/2025	Price change	$899,999-2.7%$319/sqft
Source: BeachesMLS #F10489456 Report a problem
3/18/2025	Price change	$924,998-2.6%$327/sqft
Source: BeachesMLS #F10489456 Report a problem
2/28/2025	Listed for sale	$949,998+222%$336/sqft
Source: BeachesMLS #F10489456 Report a problem
12/19/2020	Listing removed	$1,300
Source: E PRO Realty #F10261386 Report a problem
12/15/2020	Price change	$1,300-3.7%
Source: E PRO Realty #F10261386 Report a problem
12/5/2020	Listed for rent	$1,350
Source: E PRO Realty #F10261386 Report a problem
2/23/2015	Sold	$295,000$104/sqft
Source: BeachesMLS #F1300391 Report a problem