$1,620,000
1501 NE 7th Avenue
Fort Lauderdale, FL 33304
The Terrace Condos Inc
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $1,620,000
- Price per sq ft
- $2,040
- Original price
- $1,647,000
- Days on market
- 116
This multi-family property in ZIP 33304 is listed at $1,620,000, or $2,040 per square foot. The asking price has come down 1.6% from its original $1,647,000. It has been on the market for 116 days.
Estimated monthly payment
$8,514 /mo
Principal and interest only, based on $324,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,620,000
- Days on Site
- 116 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 794 sqft
- Year Built
- 1973
- Property Type
- Multi-Family
- MLS #
- F10554588
- Property Tax
- $4,319 (2024)
- Subdivision
- The Terrace Condos Inc
- County
- Broward
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
5-PLEX fully rented (MLS classified as 4-plex) in Fort Lauderdale. Unit mix: four 1BD/1BA and one 2BD/2BA. Gross income $127,000 annually. 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 $127,000 annually. 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.
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1973
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 794
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Multiple Meters / Public
- Zoning
- RS-8
Interior Features
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central / Separate Meters
- Flooring
- Ceramic Tile
- Spa
- Yes
- Spa Features
- In Ground
- Windows
- Blinds
Exterior Features
- Construction
- Block
- Roof
- Barrel
- Exterior Features
- Balcony / Outdoor Living Area / Outdoor Shower
- Private Pool
- Yes
- Pool Features
- In Ground
- Patio & Porch
- Open / Balcony
Community & HOA
- Association Amenities
- None
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- Restrictions
- See Remarks
- MLS Area
- 3380
Schools
- Elementary School
- North Side
- Middle School
- Sunrise
- High School
- Fort Lauderdale
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 1501 NE 7th Avenue, Fort Lauderdale, FL 33304?
- Use the Tour button on this listing to request a showing of 1501 NE 7th Avenue, Fort Lauderdale, FL 33304. 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 1501 NE 7th Avenue, Fort Lauderdale, FL 33304 still available?
- 1501 NE 7th Avenue, Fort Lauderdale, FL 33304 is currently listed as Active, and has been on the market 116 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 1501 NE 7th Avenue, Fort Lauderdale, FL 33304?
- With 20% down ($324,000) on the $1,620,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1501 NE 7th Avenue, Fort Lauderdale, FL 33304 is about $8,514/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 1501 NE 7th Avenue, Fort Lauderdale, FL 33304?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1501 NE 7th Avenue, Fort Lauderdale, FL 33304. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 1501 NE 7th Avenue, Fort Lauderdale, FL 33304?
- 1501 NE 7th Avenue, Fort Lauderdale, FL 33304 is zoned for North Side (elementary), Sunrise (middle), Fort Lauderdale (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 1501 NE 7th Avenue, Fort Lauderdale, FL 33304?
- Often, yes. The right offer on 1501 NE 7th Avenue, Fort Lauderdale, FL 33304 depends on how it's priced against comparable multi-family 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 Douglas Elliman
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.
$1,620,000
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Listed by Andres Zapata, Douglas Elliman
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Recent Sales
Recently sold homes in ZIP 33304
These are the last 6 recorded closings in ZIP 33304, with the price each home actually sold for rather than what it was listed at. They closed at a median of $445 per square foot. The most recent closed on September 30, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$854,500
Sold · September 30, 2026
936 Intracoastal Drive 9H
2 bed · 2 bath · 1,620 sqft · $527/sqft
$40,500 under the asking price
Sold$112,000
Sold · September 28, 2026
2670 E SUNRISE Boulevard 805
1 bed · 1 bath · 591 sqft · $190/sqft
$6,000 under the asking price
Sold$690,000
Sold · September 25, 2026
1436 NE 17TH Terrace
5 bed · 4 bath · 1,668 sqft · $414/sqft
$60,000 under the asking price
Sold$620,000
Sold · September 25, 2026
1344 NE 13TH Avenue
3 bed · 2.5 bath · 2,385 sqft · $260/sqft
$130,000 under the asking price
Sold$1,170,000
Sold · September 25, 2026
1424 NE 16TH Avenue
4 bed · 3 bath · 1,780 sqft · $657/sqft
$25,000 under the asking price
Sold$473,000
Sold · September 23, 2026
1213 NE 13th Street
3 bed · 2 bath · 1,062 sqft · $445/sqft
$500 over the asking price
See every recorded sale in ZIP 33304 or find out what your ZIP 33304 home is worth.
