Address
1432 Ne 5th Ave, Fort Lauderdale, FL
Price
$ 1,090,000
Property Attributes
- MLS#A12017563
- TypeIncome
- Listing Status Active
- CountyBroward
- CityFort Lauderdale
- Area3360
- NeighborhoodPROGRESSO
- Zip33304
- Style
- Year Built1965
- Taxes$ 8783
- Price$ 1,090,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage2317
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Assumable mortgage at 6.1% 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.
| Price History | |
|---|---|
| 5/14/2026 | Listed $1,125,000 |
| 6/9/2026 | 2$1,100,000 |
| 7/14/2026 | 1$1,090,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Wall Furnace |
| Cooling | Central Air,Wall/Window Unit(s) |
| Utilities | Cable Available |
| Possession | Close Of Escrow |
| Roof | Barrel |
| Patio/Porch Features | Open,Porch,Wrap Around |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1965 |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| County | Broward |
| Property Type | Residential Income |
| Subdivision Name | PROGRESSO |
| Rent Includes | Gardener,Sewer,Trash Collection,Water |
| Full Baths | 1 |
| Special Listing Conditions | Listed As-Is |
| Status | Active |
| City | Fort Lauderdale |
| Zoning Description | RM-15 |
| Number Of Units Total | 1 |
| MLS Area | 3360 |
| Lot Size Units | Square Feet |
| Listing Terms | Assumable,Cash,Conventional,Other |
| Year Built Details | Effective Year Built |
| Tax Annual Amount | 8783 |
| MLS Area Minor | Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700) |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A12017563 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Property Sub Type Additional | Quadruplex |
| PostalCity | Fort Lauderdale |
| Legal Description | PROGRESSO 2-18 D LOT 21 BLK 56 |
Interior Features
| Flooring | Tile |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Exterior Amenities | Fence,Other,Porch |
|---|---|
| Lot Features | < 1/4 Acre |
| Water Source | Public |
| Total Parking | 5 |
| Building Area Total | 6762 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33304
Price
Taxes
Year Built
In The Neighborhood
Fort Lauderdale
$ 1,500,000
615-619 Nw 11th Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 3,443 SqFt
- Rooms
- 1 Beds + 1 Baths
Fort Lauderdale
$ 800,000
1026 Ne 9th Ave
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 1,892 SqFt
- Rooms
- 2 Beds + 1 Baths
Open House
Fort Lauderdale
$ 745,000
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 1,382 SqFt
- Rooms
- 2 Beds + 1 Baths
Fort Lauderdale
$ 530,000
1022 Nw 6th Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 1,350 SqFt
- Rooms
- 2 Beds + 1 Baths
Fort Lauderdale
$ 509,000
1223-1225 Nw 6th Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 1,756 SqFt
- Rooms
- 3 Beds + 1 Baths
Fort Lauderdale
$ 465,000
1515 Nw 2nd Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 1,523 SqFt
- Rooms
- 1 Beds + 1 Baths
Fort Lauderdale
$ 899,999
1417 Ne 5th Ave
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 2,571 SqFt
- Rooms
- 1 Beds + 1 Baths
Fort Lauderdale
$ 670,000
1511-1513 Nw 8th Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 2,504 SqFt
- Rooms
- 3 Beds + 2 Baths
Fort Lauderdale
$ 1,355,000
1109 Ne 16th Ter
Fort Lauderdale, FL 33304
- Type
- Income
- Size
- 2,276 SqFt
- Rooms
- 2 Beds + 2 Baths
Fort Lauderdale
$ 1,599,000
811-817 Nw 3rd Ave
Fort Lauderdale, FL 33311
- Type
- Income
- Size
- 1,032 SqFt
- Rooms
- 3 Beds + 3.5 Baths
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 22, 2026 5:44 AM UTC
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Data Last Updated: September 22, 2026 5:47 AM UTC
