# 1219 NE 5th Terrace, Fort Lauderdale, FL 33304

> **TL;DR:** land, $799,997. Est. $3,467/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $799,997 |
| Lot Size | 10,019 sqft (0.23 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,467 |
| **Total** | **$3,467** |

## Nearby Schools

- **Elementary:** North Side
- **Middle:** Sunrise
- **High:** Fort Lauderdale

## Property Highlights

- 0.23 acre lot

## Description

### Agent Description
Rare opportunity to acquire an income producing duplex (2 1/1s) w/ additional development capacity in Fort Lauderdale's rapidly developing Studio City at OVER 30% OFF 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.

## Location

- **Address:** 1219 NE 5th Terrace, Fort Lauderdale, FL 33304
- **County:** Broward
- **Neighborhood:** PROGRESSO
- **Coordinates:** 26.141316, -80.13891
- **Google Maps:** https://www.google.com/maps?q=26.141316,-80.13891

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/1219-NE-5th-Terrace-Fort-Lauderdale-FL-33304/unbranded

## Listing Agent

- **Name:** Michael J Sheer
- **Brokerage:** United Realty Group Inc.
- **Phone:** 9549936664
- **Email:** MikeSheerRealtor@gmail.com

## Primary Photo

![1219 NE 5th Terrace - Primary Photo](http://lh.rdcpix.com/b5ba03ccfebead832b2417e1a804cd8el-f350964635r.jpg)

*38 total photos available on [listing page](https://www.propertysimple.com/listing/1219-ne-5th-terrace-fort-lauderdale-fl-33304-26033788)*

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**MLS#:** B26033788 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1219-ne-5th-terrace-fort-lauderdale-fl-33304-26033788)

---

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  "description": "Rare opportunity to acquire an income producing duplex (2 1/1s) w/ additional development capacity in Fort Lauderdale's rapidly developing Studio City at OVER 30% OFF 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 com",
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