# 1219 NE 5th Terrace #1-2, Fort Lauderdale, FL 33304 > **TL;DR:** 2bd/0ba multi-family, $649,850 ($617/sqft), built 1957, 1,053 sqft. > A/C. Est. $3,476/mo. Listed 158 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $649,850 | | Price/sqft | $617 | | Bedrooms | 2 | | Square Feet | 1,053 | | Year Built | 1957 | | Lot Size | 10,019 sqft (0.23 acres) | | Stories | 1 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 158 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,286 | | Estimated Insurance | $190 | | **Total** | **$3,476** | ## Nearby Schools - **Elementary:** North Side - **Middle:** Sunrise - **High:** Fort Lauderdale ## Key Amenities - A/C ## Property Highlights - Built in 1957 - 0.23 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 1219 NE 5th Terrace #1-2, Fort Lauderdale, FL 33304 - **County:** Broward - **Neighborhood:** PROGRESSO - **Coordinates:** 26.141295, -80.138845 - **Google Maps:** https://www.google.com/maps?q=26.141295,-80.138845 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/1219-NE-5th-Terrace-Unit-12-Fort-Lauderdale-FL-33304/unbranded ## Listing Agent - **Name:** Michael J Sheer · **License:** 3355952 - **Brokerage:** United Realty Group Inc - **Broker Phone:** (954) 450-2000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1219-NE-5th-Ter_Fort-Lauderdale_FL_33304_M69896-61570?f=listhub&s=RMLSFL&m=B26033753&c=propsimple) ## Photos ![1219 NE 5th Terrace #1-2 - Photo 1](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f815724706r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 2](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f200012427r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 3](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f4259311423r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 4](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f3214758877r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 5](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f4133187281r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 6](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1326065159r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 7](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f2500868265r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 8](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f4064592553r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 9](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f2924703654r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 10](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1302420913r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 11](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f786242038r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 12](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f3253698750r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 13](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f596672255r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 14](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f789320037r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 15](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f4243206786r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 16](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f3023783194r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 17](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1191886729r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 18](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f2562717221r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 19](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1321525599r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 20](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f3454494148r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 21](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1706486108r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 22](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1773456559r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 23](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1231961546r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 24](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1325847219r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 25](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f113356734r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 26](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f2947516884r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 27](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f2478207281r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 28](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f2075330909r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 29](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f507108450r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 30](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f699338204r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 31](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f364261205r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 32](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f3069084803r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 33](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f242350620r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 34](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1179219589r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 35](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1290693350r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 36](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f1352043909r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 37](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f2328802187r.jpg) ![1219 NE 5th Terrace #1-2 - Photo 38](http://lh.rdcpix.com/69ea96b1cf2db3da079f70f3895f430cl-f3036953374r.jpg) --- **MLS#:** B26033753 | **Updated:** 2026-10-31 **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.ai/listing/1219-ne-5th-terrace-fort-lauderdale-fl-33304-78bf49c3dca74bf782c8ac3e30d51df2) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1219-ne-5th-terrace-fort-lauderdale-fl-33304-78bf49c3dca74bf782c8ac3e30d51df2#listing", "url": "https://www.propertysimple.ai/listing/1219-ne-5th-terrace-fort-lauderdale-fl-33304-78bf49c3dca74bf782c8ac3e30d51df2", "name": "1219 NE 5th Terrace #1-2, Fort Lauderdale, FL 33304", "description": "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. 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