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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1501 NE 7th Avenue 1 , Fort Lauderdale, FL 33304
$1,585,000
Est. Payment: $8,686.15/mo
4 Bed
4 Bath
658 Sqft
Status: active | Days on site: 1
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House 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.

Highlights

Listed by Andres Zapata , 401-639-9223 Douglas Elliman , 954-874-0740. REALTOR Association of Greater Miami and the Beach

Property Type

Multi-Family

Year Built

1973

County

Broward

Area

3370

Neighborhood

Terrace Condos Inc

Listing ID

B26093017

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
Air Cond:Central Air
Fireplaces:
Floor:Ceramic Tile
Other:
  • ▪ Additional:Main Living Area Entry Level
Water:Public

Exterior Features

Lot:Corner Lot
Zoning:RS-8
Roof:Spanish Tile,Tile
Others:
  • ▪ Additional:Balcony, Fence, Outdoor Shower, Patio
Sewer:Public Sewer
Principal Interest
$8,686
Taxes
$346

Home Price

$1,585,000

Loan Details

30 yrs
7.292%

Down Payment

20%
$317,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,686.15

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,686.15 $346.42 $0.00 $9,032.56
Yearly $104,233.76 $4,157.00 $0.00 $108,390.76
Total $3,127,012.82 $124,710.00 $0.00 $3,251,722.82

Today's Rates

30 Year

7.29%

20 Year

6.92%

15 Year

6.5%

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Market insight data is pulled from the same city as the listing being viewed (Fort Lauderdale, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-31T23:07:53.000Z

© 2026 REALTOR Association of Greater Miami and the Beach