$679,850
1219 NE 5th Terrace 1-2
Fort Lauderdale, FL
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $679,850
- Price per sq ft
- N/A
- Original price
- $799,997
- Days on market
- 120
This commercial property is listed at $679,850. The asking price has come down 15% from its original $799,997. It has been on the market for 120 days.
Estimated monthly payment
$3,573 /mo
Principal and interest only, based on $135,970 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $679,850
- Days on Site
- 120 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 1,053 sqft
- Lot Size
- 0.23 Acres
- Year Built
- 1957
- Property Type
- Commercial
- MLS #
- B26033810
- Property Tax
- $7,203 (2025)
- County
- Broward
- Status
- Active
- Special Conditions
- Standard
About This Property
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 40% 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-$1.4M. 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.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1957
- Number of Stories
- 1
- Parking
- Assigned / Accessible Parking / Covered / Guest
- Lot Size (Acres)
- 0.23
- Total Sq Ft
- 1,053
- Sewer
- Public Sewer
- Water Source
- Multiple Meters / Public
- Zoning
- RMM-25
Interior Features
- Cooling
- Ceiling Fans / Wall Window Units
- Heating
- Wall Furnace
- Flooring
- Terrazzo
Exterior Features
- Construction
- Block / Concrete / Stucco
- Roof
- Shingle
- Lot Features
- Less Than Quarter Acre
Community & HOA
- Security
- Other
- Utilities
- Cable Connected / Electricity Connected / Phone Connected / Sewer Connected / Water Connected
- Financing Terms
- Cash / Conventional / Cryptocurrency / Exchange1031 / Owner Will Carry / Private Financing Available / Trade
- MLS Area
- 3370
About the Area
Browse Fort Lauderdale homes for sale across every neighborhood and price point in Broward. Available homes span single-family, townhome, and condo segments throughout the city. Fort Lauderdale includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Broward, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Broward market data, see Florida Realtors' monthly statistics. Browse the latest Fort Lauderdale listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 3,557
- Median List Price
- $679,000
- Median $/Sq Ft
- $463
- Avg Days on Market
- 142
Frequently Asked Questions
- How do I schedule a tour of 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL?
- Use the Tour button on this listing to request a showing of 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL still available?
- 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL is currently listed as Active, and has been on the market 120 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL?
- With 20% down ($135,970) on the $679,850 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL is about $3,573/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL?
- Often, yes. The right offer on 1219 NE 5th Terrace 1-2, Fort Lauderdale, FL depends on how it's priced against comparable commercial sales in Fort Lauderdale, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of United Realty Group Inc.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$679,850
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Listed by Michael J Sheer, United Realty Group Inc.
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