How much is 1219 NE 5th Terrace 1-2?

1219 NE 5th Terrace 1-2 is listed at $649,850, about $617 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is 1219 NE 5th Terrace 1-2 zoned?

The listing reports zoning of RMM-25. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 1219 NE 5th Terrace 1-2?

The listing reports 1,053 square feet of building.

When was 1219 NE 5th Terrace 1-2 built?

1219 NE 5th Terrace 1-2 was built in 1957. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 1219 NE 5th Terrace 1-2?

The listing reports annual property taxes of $7,203 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 1219 NE 5th Terrace 1-2?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

1219 NE 5th Terrace 1-2, Fort Lauderdale FL

$649,850 · $617 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $649,850
Price per sq ft: $617
Building size: 1,053 sq ft
Lot size: 10,019 sq ft
Zoning: RMM-25
Year built: 1957
Stories: 1
Tenant pays: Water
Parking spaces: 11
Units leased / vacant: 2 leased · — vacant
Parcel ID: 494234032080
MLS#: B26033810

Blue_C1 at 1219 NE 5th Terrace 1-2, Fort Lauderdale

77e193040114f71104f772c17be9b9b9-uncropp at 1219 NE 5th Terrace 1-2, Fort Lauderdale

Blue_C2 at 1219 NE 5th Terrace 1-2, Fort Lauderdale

Blue_C3 at 1219 NE 5th Terrace 1-2, Fort Lauderdale

Blue_C4 at 1219 NE 5th Terrace 1-2, Fort Lauderdale

SK.1 1219 NE 5th SITE at 1219 NE 5th Terrace 1-2, Fort Lauderdale

ExistingDuplexUnit1Kitchen at 1219 NE 5th Terrace 1-2, Fort Lauderdale

ExistingDuplexUnit1Bathroom at 1219 NE 5th Terrace 1-2, Fort Lauderdale

About this property

45% OFF: This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 45% below market value. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that is fairly renovated and has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting has been held with the city; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and zoning regulations. Recently sold multi-family land comps: $117k-$141k per unit. Active multi-family land comps: $124k-$177k per unit. Recently sold multi-family (existing building) comps: $312k-$375k per unit. Active multi-family (existing building) comps: $297k-$372k per unit. Subject property: fairly renovated duplex + 8 units of buildable land; market value ~$1.2M. Build cost ~$1.2M. All in:~$1.9M. Projected value:$3M+ = $1M+ instant equity upon completion. 1 bedroom apartment rents:$1.6k-$2.3k/mo. Potential ~10% cap rate. Seller will finance. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

Building Features and Utilities

Cable Connected
Electricity Connected
Phone Connected
Sewer Connected
Water Connected
Stucco
CBS
Concrete Block - With Stucco

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
1 Bedroom	—	1 / 1	—	$1,500/mo	—
1 Bedroom	—	1 / 1	—	$1,350/mo	—

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Property taxes	$7,203/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 1219 NE 5th Terrace 1-2

Included: Building, Fixtures, Land, Leases

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

United Realty Group Inc. · pbrownell@urgfl.com · Listing agent: Michael J Sheer

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 not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1219 NE 5th Terrace 1-2 or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1219 NE 5th Terrace 1-2

How much is 1219 NE 5th Terrace 1-2?: 1219 NE 5th Terrace 1-2 is listed at $649,850, about $617 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 1219 NE 5th Terrace 1-2 zoned?: The listing reports zoning of RMM-25. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1219 NE 5th Terrace 1-2?: The listing reports 1,053 square feet of building.
When was 1219 NE 5th Terrace 1-2 built?: 1219 NE 5th Terrace 1-2 was built in 1957. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 1219 NE 5th Terrace 1-2?: The listing reports annual property taxes of $7,203 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 1219 NE 5th Terrace 1-2?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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