Virtual TourMap

For SaleQuadruplexActive

1432 NE 5th Ave

Fort Lauderdale, FL 33304

$1,090,000

218 Days On Site

  • 2,317Sq Ft
  • $470Per Sq Ft
  • 1965Built
Subdivision
Progresso
County
Broward
MLS®
A12017563

Overview

Assumable mortgage at 6.25% interest. If the loan is assumed, the buyer's closing costs are expected to be under $2,000. If closing costs exceed that amount, the seller is willing to cover the difference.

All units are tenant occupied, providing immediate income from day one. Seller is motivated and open to creative financing opportunities.

Exceptional 4-unit multifamily investment in Fort Lauderdale’s highly desirable Middle River Terrace neighborhood, minutes from Wilton Manors, Flagler Village, Las Olas Boulevard, Downtown Fort Lauderdale, and Fort Lauderdale Beach. Convenient access to I-95, Galleria Mall, Whole Foods, Publix, shopping, dining, nightlife, and major employment centers.

Strong rental demand, ongoing area redevelopment, and continued population growth make this an attractive opportunity for investors seeking stable cash flow and long-term appreciation. Significant upside exists through rental optimization and strategic management. Ideal for investors looking to expand their portfolio with a well-located multifamily asset in one of South Florida’s most active rental markets. Short-term rental potential may be explored subject to local regulations.

Listing Snapshot

Price
$1,090,000
Days On Site
218 Days
Bedrooms
N/A
Inside Area (SqFt)
2,317 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
0
Lot Size
N/A
Year Built
1965
MLS® Number
A12017563
Status
Active
Property Tax
$8,783 (2025)
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A

Property Details

General Features

9 items
Levels
One
Parking Spaces
5
Property Sub Type
Quadruplex
Sewer
Public Sewer
SqFt Total
6,762
Style
Fourplex
Utilities
Cable Available
Water Source
Public
Zoning
RM-15

Interior Features

3 items
Cooling
Central Air, Wall/Window Unit(s)
Flooring
Tile
Heating
Central, Wall Furnace

Exterior Features

6 items
Construction Details
Block, Concrete
Exterior
Other
Fencing
Fenced
Patio And Porch
Porch, Wrap Around
Pool Features
None
Roof
Barrel

Community Features

2 items
MLS Area
3370
Financing Terms Available
Assumable, Cash, Conventional

Location

1432 NE 5th Ave, Fort Lauderdale, FL 33304 · 3370

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Neighborhood & Commute

ZIP Code 33304

Median household income
$83,970
Income per person
$66,531
Households
11,379
Average household size
1.72
Median age
47.3

Source: Walk Score.

Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.

Price & Status History

  1. Listing updated with changes from the MLS®
  2. Price changed to $1,090,000
  3. Status changed to Active
  4. Listing first seen on site

Friends & Family

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Listing courtesy of LPT Realty, LLC (561) 702-4465

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-13 12:33 PM EST

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