AgentLogo

1501 NE 7th Avenue

Fort Lauderdale , FL 33304

MLS#: F10554588

$1,647,000

Status: Active
Listing number: F10554588
Listing provided by: Douglas Elliman
Listing agent phone: None
Last update: 2 days ago
On site: 7 days ago
Browse Properties
The Terrace Condos Inc - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1973

Sq.Footage

794

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s)

  • Heating YN

    YES

  • Heating

    Central, Separate Meters

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Other Exterior Features

    Balcony, Outdoor Shower

  • Patio and Porch Features

    Porch

  • Pool

    Yes

  • Pool Features

    In Ground, Private

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $1,647,000

  • Tax Amount

    $4,319

  • Sq. Footage

    794

  • Price/SqFt

    $2,074

HOA

  • Association

    Yes

  • Association Fee Includes

    N/A

School District

  • Elementary School

    North Side

  • Middle School

    Sunrise

  • High School

    Fort Lauderdale

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Broward

Elementary School

North Side

Middle School

Sunrise

High School

Fort Lauderdale

Listing Courtesy of Andres Zapata , Douglas Elliman

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Hals Blanc

FOUNDER

Hals Blanc

Call Hals today to schedule a private showing.

(954) 599-9056

halsblanc@gmail.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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.

1501 NE 7th Avenue

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Exceptional Location in the heart of Lauderdale-by-the-Sea. This beautifully maintained duplex offers modern upgrades, flexible living spaces, and stunning tropical surroundings.Unit "A" features 2 bedrooms and 2 full baths, while Unit "B" offers 1 bedroom, plus a bonus room and 2 full baths, perfect for guests, and/or a home office.The property boasts impact glass windows for added security and energy efficiency, a convenient carport, and plenty of additional parking. Step outside and you’ll be captivated by the tropical landscaping, enhanced by elegant lighting that creates an inviting ambiance in the evenings.Located minutes from pristine beaches, dining, shopping and entertainment. Don’t miss your chance to own a slice of paradise in Lauderdale-by-the-Sea!
#F10554505

Fort Lauderdale

258 Basin Drive

None Beds

None Baths

1,620 Sq.Ft.

$1,395,000

MLS#: F10554505

Beautifully renovated and meticulously maintained quadplex in the highly sought-after Victoria Park neighborhood of Fort Lauderdale, just minutes from Las Olas, fine dining, restaurants, and shoppes. All residences have been thoughtfully updated and feature impact windows, vinyl wood flooring, granite counter tops, in-unit laundry, and individual A/C systems. The first-floor units offer renovated interiors, mini-split A/C, and stackable washer/dryers. The entire top floor is a spacious 3BR/2.5BA residence with its own A/C handler, full-size washer and dryer, an expansive kitchen with large island, generous living area, and private terraces at both the front and rear. Ample parking and professionally landscaped grounds complete this exceptional investment opportunity.
#F10552378

Fort Lauderdale

804 N Victoria Park Road

None Beds

None Baths

3,464 Sq.Ft.

$1,500,000

MLS#: F10552378

A tropical oasis located in the heart of the Middle River community is a truly unique opportunity to own in the highly desirable Coral Ridge neighborhood. Located only 1 miles away from the ocean and in the heart of it all! This duplex (with 2 freestanding properties, 4/3 main-house and 2/2 side-unit) has been perfected with each and every detail. From newly installed oversized porcelain floors, custom soft-close cabinets, custom quartz countertops and backsplash, ss appliances, to the brand newer roof. Completely redesigned front and backyard will allow you to relax by the refinished pool surrounded by tumbled marble pavers and artificial grass. Don't let your buyer miss this! Please just do not Disturbed tenants properties occupied HIGH DEMAND FOR STR
#F10552717

Fort Lauderdale

2716 Middle River Drive

None Beds

None Baths

3,100 Sq.Ft.

$1,550,000

MLS#: F10552717

A truly one-of-a-kind and spectacular Fort Lauderdale triplex offering a rare opportunity to own what feels like a private resort retreat just under two miles from the beach and approximately five miles from Fort Lauderdale–Hollywood International Airport. Featuring two separate structures — a duplex and a detached private residence — the property provides exceptional privacy and flexibility. Beautifully maintained and fully furnished, this turnkey property is ready to welcome guests immediately. A sparkling private pool creates a relaxing vacation-style setting rarely found in small multifamily properties. Ideal for vacation rentals, executive stays, airline crews, or seasonal living, with the ability to live in one residence while the others generate income. All Impact Hurricane WindowsRoof 2020
#F10552293

Fort Lauderdale

1123 NE 14th Avenue

None Beds

None Baths

4,694 Sq.Ft.

$1,850,000

MLS#: F10552293

Coral Ridge Apartments is a legal quadplex in the prestigious Coral Ridge Country Club neighborhood surrounded by million-dollar homes. Built in 1960, the 5,208 SF property operates as eight units, comprised of four 2-bedroom/1-bath units and four studios. Features include new hurricane impact windows, mini-split ACs in every unit, screened porches for the 2-bedroom units, nine on-site parking spaces, and a quarter-acre lot near beaches, dining, and retail.
#F10551556

Fort Lauderdale

4213 NE 21st Avenue

None Beds

None Baths

5,208 Sq.Ft.

$1,760,000

MLS#: F10551556

Prime location on a large parcel, offering a solid investment opportunity and well-suited for a 1031 exchange.This duplex property is configured for long-term tenancy, featuring separate meters and a layout that supports multiple rental strategies while maintaining long-term value. The spacious outdoor area includes a heated pool, covered seating area with TV, and a dedicated BBQ area. Ample parking accommodates multiple occupants with ease. The property features updated HVAC systems, completed plumbing improvements from the home to the city connection, and benefits from its close proximity to the beach, supporting consistent tenant demand and long-term ownership appeal.
#F10550207

Fort Lauderdale

2740 NE 30th Place

None Beds

None Baths

1,791 Sq.Ft.

$1,325,000

MLS#: F10550207

LOCATION!!! UNIQUE INVESTMENT OPPORTUNITY! Impeccably maintained 5-plex in the heart of East Fort Lauderdale featuring a spacious 2-bedroom/1-bath owner’s suite, three 1-bedroom/1-bath units, and one studio. This fully furnished, located in an area known for commanding premium rental rates. Located directly across from Publix, the local library, and Holiday Park. Residents enjoy walking access to restaurants, shopping and entertainment, plus a short 10-minute bike ride to the beach. All A/C systems and appliances were updated approximately one year ago. Short-term rentals are allowed with an established Airbnb operation—currently 3 units rented long-term and 2 operating as Airbnb—making this a strong income-producing opportunity in one of Fort Lauderdale’s most desirable neighborhoods.
#F10545095

Fort Lauderdale

1017 NE 14th Avenue

None Beds

None Baths

2,426 Sq.Ft.

$1,600,000

MLS#: F10545095

Rare opportunity to own a fully renovated, income-producing NO HOA duplex in booming Fort Lauderdale. Over $300,000 in upgrades completed 2023-2024 including new roof, impact windows, driveway, 2 new kitchens, 4 remodeled bathrooms, tile flooring throughout, private backyard patios w/ two pergolas, 2 new HVAC systems and 2 new water heaters. Ideal for investors or owner-occupants seeking to live in one unit and rent the other. Prime location near I-95, FLL Airport, beaches, parks, shopping, dining, medical, entertainment and nightlife -- without the congestion of a major metro. Turnkey, rent-ready and built for long-term returns.
#R11152552

Fort Lauderdale

1707 SW 24th Street 1-2

None Beds

None Baths

2,177 Sq.Ft.

$1,399,995

MLS#: R11152552

Price reduced
LIVE THE LIFE STYLE IN LAUDERDALE BY THE SEA IN THIS UPGRADED DUPLEX. THE FIRST UNIT IS A 1 BED/1BATH UNIT & THE SECOND UNIT HAS 2 OVERSIZED BEDROOMS & BATHROOMS & A FLORIDA ROOM. NEW IMPACT WINDOWS, NEW AC AND MINI SPLITS & NEW ROOF. HAS 2 SPOT CARPORT THAT CAN BE CONVERTED INTO A GARAGE OR ADDITIONAL LIVING SPACE. EASH UNIT HAS THEIR OWN WASHER & DRYER. BEAUITFUL TERRAZO FLOORS IN BOTH UNITS. NEW APPLIANCES IN BOTH KITCHENS. NATURAL SUNGLIGHT MAKES EACH UNIT BRIGHT & AIRY. THERE IS ROOM FOR A POOL. THE PROPERTY IS PERFECT FOR OWNER TO LIVE IN EITHER UNIT WHILE COLLECTING RENT IN THE OTHER. PERFECT FOR A VACATION RENTAL. WALKING DISTANCE TO ALL STORES, RESTURANTS NIGHTLIFE & BEACH ! VIEW IT ! LOVE IT ! BUY !
#F10542774

Fort Lauderdale

4436 Seagrape Drive

None Beds

None Baths

2,090 Sq.Ft.

$1,335,000

MLS#: F10542774

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service