Quadruplex

1501 NE 7TH Avenue # 1

1501 NE 7TH Avenue # 1, Fort Lauderdale FL 33304 Get directions

$1,585,000

For Sale New — 1 day on market

658 SqFt

See estimated monthly cost

This listing is courtesy of Douglas Elliman. Andres Zapata

Overview

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.

Facts & features

Interior

Living area (sq ft): 658

Building & exterior

Year built: 1973

Open Balcony
Outdoor Shower
Limited # Of Vehicle

HOA (homeowners association)

Association fee: $0

Daily Rentals Allowed
Yes

Taxes

Annual tax: $4,157
Tax year: 2025
Parcel number: 494235af0010

Assigned schools

Elementary: North Side
Middle: Sunrise
High: Fort Lauderdale

Listing

MLS number: B26093017
Property type: Quadruplex
Price per SqFt: $2,409
Subdivision: TERRACE CONDOS INC
On market since: Oct 26, 2026
Days on market: 1

Estimated monthly cost

$9,550 per month

Down payment (%)

Interest rate (%)

Principal & interest (30 yr): $8,015
Property tax: $346
Insurance (estimated): $1,189

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

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