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ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12017563
$1,090,000

1432 NE 5th Avenue, Fort Lauderdale, FL 33304

Beds
—
Baths
0
Sqft
2,317
Est. payment$6,933/mo
Home type
Quadruplex
Year built
1965
Lot size
—
Price / sqft
$470
HOA
$0/mo
Community
PROGRESSO

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.

Listing activity

Days on market
205
Listed
Apr 9, 2026
MLS listing updated
Oct 31, 2026
Feed last checked
3 minutes ago

Listed by Hamza Zafar · LPT Realty, LLC

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
Tile

Heating & cooling

Heating
Separate Meters, Central, Window/Wall
Cooling
Central Air, Wall/Window Unit(s)
Property

Exterior

Stories
1
Building area
6,762 sqft
Patio & porch
Porch, Porch - Wrap Around, Porch - Open
Exterior features
Other
Fencing
Fenced
Pool
No
Waterfront property
No

Lot

Lot dimensions
6,762
Zoning
RM-15
Construction

Type & style

Home type
Quadruplex
Structure type
Multi Family
Year built
1965

Materials

Construction
CBS
Roof
Barrel
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Utilities
Cable Available
Community & HOA

Community

Subdivision
PROGRESSO
MLS area
3370
MLS subarea
FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)

Association

Has association
No
Estimated monthly dues
$0
Lease details

Not reported by the listing source.

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
A12017563
Possession
Close Of Escrow
Original list price
$1,125,000
Parcel number
494234020590
Annual property tax
$8,783
Tax year
2025
Tax legal description
PROGRESSO 2-18 D LOT 21 BLK 56
Additional MLS details

Reported by the listing source

Association
No
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
Building Area Total
6762
Construction Materials
CBS
County Or Parish
Broward
Days On Market
205
Elementary School
North Side
High School
Fort Lauderdale
List Price
1090000
Listing Contract Date
2026-04-09
Living Area
2317
Lot Size Dimensions
6,762
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
2026-04-09
Patio And Porch Features
Porch, Porch - Wrap Around, Porch - Open
Photos Count
54
Postal Code
33304
Price Change Timestamp
2026-07-15T00:40:38Z
Property Sub Type
Quadruplex
Property Type
Residential Income
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-04-09T04:00:00Z
Stories Total
1
Subdivision Name
PROGRESSO
Water Source
Public
Tax Annual Amount
8783
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
Apr 9, 2026ListedMIAMI REALTORS® MLS$1,125,000$486/sqft
Jul 15, 2026Price reducedMIAMI REALTORS® MLS$1,090,000$470/sqft

Public tax history

YearProperty taxesAssessment
2025$8,783—

Payment calculator

Estimated monthly payment$6,933/moIllustrative estimate, not a loan offer.
Principal & interest
$5,656
Property taxes
$732
Insurance
$545
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

PROGRESSO

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
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of LPT Realty, LLC. 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.