1219 NE 5th Ter #1-2, Fort Lauderdale, FL 33304

Key facts

Type

Home

Year built

1957

Property tax

$7,203 (2025)

Waterfront

No

Pets

No pets

Cooling

Ceiling Fans, Wall Window Units

Heating

Wall Furnace

MLS number

B26033753

From the listing

45% OFF: This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 45% below market value. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that is fairly renovated and has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting has been held with the city; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and zoning regulations. Recently sold multi-family land comps: $117k-$141k per unit. Active multi-family land comps: $124k-$177k per unit. Recently sold multi-family (existing building) comps: $312k-$375k per unit. Active multi-family (existing building) comps: $297k-$372k per unit. Subject property: fairly renovated duplex + 8 units of buildable land; market value ~$1.2M. Build cost ~$1.2M. All in:~$1.9M. Projected value:$3M+ = $1M+ instant equity upon completion. 1 bedroom apartment rents:$1.6k-$2.3k/mo. Potential ~10% cap rate. Seller will finance. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

The text above is the listing description from the MLS, as written by the listing agent.

The Fort Lauderdale market

As of October 21, 2026, the median asking price in Fort Lauderdale is $679,498, or $463 per sq ft, across 2,675 listings for sale. The median listing for sale there has been on the market for 92 days.

Price and status history

Listing date

May 28, 2026

Days on market

146

Original list price

$799,997

Price changes

2

From the MLS. RealVista does not show sold prices.

• 
  $795,000– ba · 1,800 sq ft1334 NE 16th AveCharles Rutenberg Realty FTL
• 
  $498,0003 bd · 2 ba · 1,428 sq ft933 NW 2nd AveFlorida Homes Realty & Mortgag
• 
  $665,995– ba · 1,820 sq ft25 NW 11th StIntegral Realty LLC