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ActiveBeachesMLS
ActiveMLS® B26093017
$1,585,000

1501 NE 7TH Avenue 1, Fort Lauderdale, FL 33304

Beds
—
Baths
0
Sqft
658
Est. payment$9,364/mo
Home type
Quadruplex
Year built
1973
Lot size
—
Price / sqft
$2,409
HOA
$0/mo
Community
TERRACE CONDOS INC

Property description

RARE 5-PLEX MULTIFAMILY INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Ideal for investors and 1031 exchange buyers seeking a renovated income-producing property in Middle River Terrace. UNIQUE FEATURE: Each of the 5 units has its own separate tax parcel ID, individual water and electric meters. Four 1BR/1BA units and one 2BR/2BA, each with in-unit washer/dryer. Upgrades include impact windows, remodeled kitchens and bathrooms, updated flooring, new perimeter fence and second-floor exterior railings. Swimming pool, private outdoor areas, ample off-street parking and NO HOA! Convenient to Las Olas Boulevard, Wilton Manors, Downtown Fort Lauderdale, dining, shopping, and beaches. Strong rental income and long-term investment potential.

Listing activity

Days on market
2
Listed
Oct 26, 2026
MLS listing updated
Oct 28, 2026
Feed last checked
6 minutes ago

Listed by Andres Zapata · Douglas Elliman

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0

Rooms & features

Flooring
Ceramic Tile
Window features
Storm Window(s)

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Exterior

Stories
2
Building area
658 sqft
Patio & porch
Patio, Patio - Open
Exterior features
Balcony, Outdoor Shower, Storage
Fencing
Back Yard, Fenced, Gate, Wood
Pool
No
Waterfront property
No
Spa
Yes
Spa features
In Ground

Lot

Lot dimensions
4819
Lot features
Corner Lot
Zoning
RS-8
Construction

Type & style

Home type
Quadruplex
Structure type
Multi Family
Year built
1973
New construction
No

Materials

Construction
CBS, Stucco
Roof
Spanish Tile, Tile
Foundation
Block
Property condition
Resale
Levels
Two
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Utilities
Electricity Available, Sewer Connected, Water Connected
Community & HOA

Community

Subdivision
TERRACE CONDOS INC
MLS area
3370
MLS subarea
FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Pets allowed
Yes, Cats OK, Dogs OK, No Restrictions
55+ community
No

Association

Has association
No
Association fee
$0
Estimated monthly dues
$0
Lease details

Rental information

Tenant pays
Electricity, Water
Location

Area details

City
Fort Lauderdale
County
Broward
ZIP code
33304
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
B26093017
Possession
Close Of Escrow
Original list price
$1,585,000
Parcel number
494235af0010
Annual property tax
$4,157.94
Tax year
2025
Assessed value
$195,330
Tax legal description
THE TERRACE CONDOS INC UNIT 1 PER CDO BK/PG: 39000/1108
Special listing conditions
Standard
Additional MLS details

Reported by the listing source

Association
No
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
Building Area Total
658
Construction Materials
CBS, Stucco
County Or Parish
Broward
Days On Market
2
Elementary School
North Side
Foundation Details
Block
High School
Fort Lauderdale
List Price
1585000
Listing Contract Date
2026-10-26
Living Area
658
Lot Size Dimensions
4819
MLSArea Major
3370
MLSArea Minor
FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Middle Or Junior School
Sunrise
Mls Status
Active
On Market Date
2026-10-27
Patio And Porch Features
Patio, Patio - Open
Photos Count
40
Postal Code
33304
Property Sub Type
Quadruplex
Property Type
Residential Income
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-10-27T13:37:58Z
Stories Total
2
Subdivision Name
TERRACE CONDOS INC
Tax Assessed Value
195330
Water Source
Public
Tax Annual Amount
4157.94
Pool Private
No
Waterfront
No

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Oct 26, 2026ListedBeachesMLS$1,585,000$2,409/sqft

Public tax history

YearProperty taxesAssessment
2025$4,158$195,330

Payment calculator

Estimated monthly payment$9,364/moIllustrative estimate, not a loan offer.
Principal & interest
$8,224
Property taxes
$346
Insurance
$793
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

TERRACE CONDOS INC

Fort Lauderdale · Broward County · 33304

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

North SideElementary
—
SunriseMiddle
—
Fort LauderdaleHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
BeachesMLS

BeachesMLS · Listing courtesy of Douglas Elliman. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.

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