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1507 NE 5TH AVE

Fort Lauderdale, FL 33304

– beds
– baths
2,825 sqft
$327 per sqft
1967 build
– on site

CASH FLOW FOR SALE! Four-plex in East Fort Lauderdale (Blocks from Wilton Manors). Professionally Managed property w/stable long-term tenants. This has been a cash cow for the owner for years. Insurance, electric, water, sewer, trash & RE taxes total $22,000. Unit #1 $1700/mo. Lease ends 11/14/25 Unit #2 $1700/mo. Lease ends 1/31/26 Unit #3 $1400/mo. Lease ends 11/30/25 Unit #4 $1700/mo. Lease ends 2/28/26 There is Coin-op laundry on Site that brings in Approx.. $150/month, Property total monthly cash flow =$6,650, or $78,000 per year. Please Do not walk the property–tenants are unaware for sale. *Showings ONLY available after an ACCEPTED OFFER* This is a strong income producing asset in high-demand rental market. Ideal for investors seeking steady returns w/minimal management hassle!

Listing courtesy of GFLR / E PRO Realty

Last checked: Checking… • Last updated May 13, 2025 •

MLS# F10489456 —

The Building

Year Built:

1967
Year Built Description:

Resale
Total Units:

4
Unit Count:

4
Construction Type:

Cbs Construction
Style:

Fourplex
Roof Description:

Comp Shingle Roof
# of Stories:

1

Interior

Floor Description:

Ceramic Floor, Tile Floors

Room Dimensions

SqFt Living Room Area:

2,825 Sqft

Financial & Terms

Rent Includes:

Sewer, Trash Removal, Water
Terms Considered:

Cash, Conventional

Location

Directions:

MAP QUEST OR TAKE SUNRISE BLVD TO NE 4 AVENUE, GO NORTH TO NE 15 STREET, EAST TO NE 5 AVE, NORTH TO PROPERTY. THIS IS THE SECOND PARCEL ON THE LEFT (WEST)SIDE OF THE STREET. NO SIGN

The Property

Type of Property:

Fourplex
Property Type:

Residential Income
Property Type Information:

Attached
Parcel Number:

494234017930
Approx Lot Size:

6,749 Sqft
Lot Description:

Less Than 1/4 Acre Lot
Zoning:

10 APART
Geographic Area:

Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
Waterfront Property:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2013
Tax Amount:

$3,480
Tax Information:

Tax Reflects No Exemptions

The Listing

Virtual Tour
Information Available:

Rent Rolls
Auction:

No

Heating & Cooling

Cooling Description:

Electric Cooling
Heating Description:

Electric Heat

Utilities

Water Description:

Municipal Water
Sewer Description:

Municipal Sewer
Internet:

Yes
Cable Available:

Yes
Separate Meter:

No

The Community

Subdivision Name:

PROGRESSO
Subdivision Complex Bldg:

PROGRESSO
Subdivision Number:

1
Gated Community:

No
Pool:

No

Parking

# Parking Spaces:

5

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/18/25 Mar 18, 2025	Price Changed	GFLR	$924,998	-2.6%
2/28/25 Feb 28, 2025	Listed / Active	GFLR	$949,998	222.0% (22.2% / YR)
2/23/15 Feb 23, 2015		GFLR	$295,000

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This multifamily located in South Middle River, Fort Lauderdale, FL 33304 is currently for sale for $924,998. 1507 NE 5TH AVE is a 2,825 square foot multifamily with – beds and – baths that has been on Estately for 110 days. 1507 NE 5TH AVE is in the South Middle River neighborhood of Fort Lauderdale and has a WalkScore® of 78, making it very walkable.

Listing Courtesy of: GFLR and E PRO Realty.

Based on information from the GFLR 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. GFLR, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GFLR and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.