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1432 NE 5th Avenue, Fort Lauderdale, FL 33304

$1,100,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12017563

Studio (unit 4) front door entrance alley way

Property Type: Residential Income Square Footage: 6,762 Status: Active

Current Price: $1,100,000 List Date: 4/09/2026 Last Modified: 6/09/2026

Overview

Description

Mortgage is assumable. 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 regulation ... (Read more)

Listing Details MLS# A12017563

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 6762
Living Area Main: 2317
Adjusted Area Main: 2317
Year Built: 1965
Parking Total: 5
Lot Size Dimensions: 6,762
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Security; Rent Rolls Exterior Features: Other Fencing: Fenced Flooring: Tile Structure Type: Multi Family Construction Materials: CBS Cooling: Central Air; Wall/Window Unit(s) Heating: Central; Separate Meters; Window/Wall Listing Terms: Assumable; Cash; Conventional; Other Possession: Close Of Escrow Roof: Barrel Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent Outdoor Living Spaces: Porch Porch Details: Porch - Open; Porch - Wrap Around Unit 1 Parking Features: Parking Space Unit 2 Parking Features: Parking Space Unit 3 Parking Features: Parking Space Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN: No
Original List Price: 1125000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 1432
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Avenue
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33304
Postal Code +4: 1060
Postal Zip: 33304
Subdivision Name: PROGRESSO
Area: 3370
Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Elementary School: North Side
Middle Or Junior School: Sunrise
High School: Fort Lauderdale
Parcel Number: 494234020590
Subdivision Number: 2
Zoning: RM-15
Flood Zone: AE

Financial Information

Tax Annual Amount: 8783
Tax Year: 2025
Tax Legal Description: PROGRESSO 2-18 D LOT 21 BLK 56

Status Change Information

Major Change Timestamp: 2026-06-10T00:29:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-10T00:29:21Z
Status Change Date: 2026-05-14

More Information

Income and Expenses

Gross Income: 6900

Unit 1 Details

Actual Rent: 1550
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 2000
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 1700
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 4 Details

Actual Rent: 1650
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished

Unit 4 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 474.75

Section Details

Parcel Number MLX: 0590

Originating Details

Originating System Key: 473634591
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Exterior Features

Other: Yes

Flooring

Tile: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Security: Yes
Rent Rolls: Yes

Fencing

Fenced: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes
Window/Wall: Yes

Construction Materials

CBS: Yes

Listing Terms

Assumable: Yes
Cash: Yes
Conventional: Yes
Other: Yes

Roof

Barrel: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Porch: Yes

Porch Details

Porch - Open: Yes
Porch - Wrap Around: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 4 Parking Features

Parking Space: Yes

Listing Office: LPT Realty, LLC

Last Updated: June - 09 - 2026

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