Basic Information

  • MLS # A12017563
  • Type Quadruplex
  • Status Active
  • Subdivision/Complex Progresso
  • Year Built 1965
  • Total Sqft 2,317
  • Date Listed 05/14/2026
  • Days on Market 161
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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type C B S Concrete Block Structure, Block
  • Parking Description
  • Exterior Features Fence, Other, Porch
  • Roof Description Barrel
  • Style Quadruplex

Interior Features

  • Adjusted Sqft 2,317Sq.Ft
  • Cooling Description Central Air, Wall Window Units
  • Floor Description Tile
  • Heating Description Central, Wall Furnace
  • Sqft 2,317Sq.Ft

Property Features

  • Address 1432 NE 5th Ave
  • Aprox. Lot Size 6,762
  • Architectural Style Fourplex
  • City Fort Lauderdale
  • Construction Materials C B S Concrete Block Structure, Block
  • County Broward
  • Furnished Info no
  • Levels One
  • Listing Terms Assumable, Cash, Conventional, Other
  • Lot Features Flood Zone, Less Than Quarter Acre
  • Occupant Type Tenant
  • Patio And Porch Features Open, Porch, Wrap Around
  • Pool Features None
  • Possession Close Of Escrow
  • Postal City Fort Lauderdale
  • Public Survey Section One
  • Roof Barrel
  • Sewer Description Public Sewer
  • Stories 1
  • Subdivision Complex
  • Subdivision Info Progresso
  • Tax Amount $8,783
  • Tax Legal desc PROGRESSO 2-18 D LOT 21 BLK 56
  • Tax Year 2025
  • Terms Considered Assumable, Cash, Conventional, Other
  • Type of Property Quadruplex
  • Water Source Public
  • Year Built Details Effective Year Built

1432 NE 5th Ave

Fort Lauderdale, FL 33304

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