# 1501 NE 7th Avenue, Fort Lauderdale, FL 33304

> **TL;DR:** 5bd/0ba residential multi family, $1,620,000 ($2040/sqft), built 1973, 794 sqft.
> Pool, Spa, A/C. Est. $7,020/mo. Listed 98 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,620,000 |
| Price/sqft | $2040 |
| Bedrooms | 5 |
| Square Feet | 794 |
| Year Built | 1973 |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 98 |

## Why This Home Stands Out

- **Pool** - Private pool

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,020 |
| **Total** | **$7,020** |

## Nearby Schools

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

## Key Amenities

- Pool
- Spa
- A/C

## Property Highlights

- Built in 1973
- 2 stories
- Private pool

## Description

### Agent Description
5-PLEX fully rented (MLS classified as 4-plex) in Fort Lauderdale. Unit mix: four 1BD/1BA and one 2BD/2BA. Gross income $121,000 annually with approx. $89K NOI (5.1% cap at current pricing). Stable income with rental upside. Fully renovated with new kitchens, baths, A/C systems, flooring, fencing, railings, and new high-impact windows - no major deferred maintenance. Each unit includes a washer/dryer, 2 parking spaces, and separate parcel numbers. Features a pool and a 2BD/2BA unit with a private jacuzzi. Strong 1031 exchange opportunity. roperty is legally structured as five separate condo parcels under one ownership (MLS classified as 4-plex). All units are fully rented. Unit mix includes four 1BD/1BA units and one 2BD/2BA unit. Current gross income is $121,800 annually with approximately $89K NOI. Extensive renovations completed, including kitchens, bathrooms, A/C systems, flooring, fencing, railings, and high-impact windows. No major deferred maintenance.Each unit includes washer/dryer and two dedicated parking spaces. Property features a private pool, and the 2BD/2BA unit includes its own jacuzzi. Strong tenant demand in Middle River Terrace location. Ideal for 1031 exchange buyer or investor seeking stabilized cash flow with long-term flexibility due to separate parcel structure.

## Location

- **Address:** 1501 NE 7th Avenue, Fort Lauderdale, FL 33304
- **County:** Broward
- **Neighborhood:** The Terrace Condos Inc
- **Coordinates:** 26.146696, -80.137589
- **Google Maps:** https://www.google.com/maps?q=26.146696,-80.137589

## Listing Agent

- **Name:** Andres Zapata
- **Brokerage:** Douglas Elliman
- **Phone:** 4016399223
- **Email:** andreszp777@gmail.com

## Primary Photo

![1501 NE 7th Avenue - Primary Photo](http://lh.rdcpix.com/5fe754b060f05a9e000296963c55bed0l-f4027351501r.jpg)

*43 total photos available on [listing page](https://www.propertysimple.com/listing/1501-ne-7th-avenue-fort-lauderdale-fl-33304-10554588)*

---

**MLS#:** F10554588 | **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/1501-ne-7th-avenue-fort-lauderdale-fl-33304-10554588)

---

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