1405 NE 5th Terrace, Fort Lauderdale, FL 33304

New Listing

$849,990

Virtual Tour

https://www.propertypanorama.com/1405-NE-5th-Terrace-Fort-Lauderdale-FL-33304/unbranded

Property Type: Residential Income Square Footage: 2,106 Status: Active

Current Price: $849,990 List Date: 4/02/2026 Last Modified: 4/02/2026

Overview

Description

4-unit income property in the heart of Middle River Terrace Two 1-bed/1-bath units and two studios units. Building is 2,106 square feet on a 6,760 sq ft RM-15 zoned lot. Must be purchased as a package with the adjacent property(1409 NE 5th Ter), creating a combined assemblage that unlocks development potential with both properties.

Listing Details MLS# B26010072

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2106
Building Area Source: Public Records
Living Area Main: 2106
Living Area Source: Public Records
Adjusted Area Main: 2106
Accessibility Features YN: No
Year Built: 1949
Parking Total: 4
Gated Community YN: No
Lot Size Area: 6760
Lot Size Acres: 0.16
Senior Community YN: No
Stories Total: Yes
Pool Private YN: No
LP/Assessed Value: 1.74

Property Features

Documents Available: Rent Rolls Exterior Features: Other Flooring: Tile Property Condition: Resale Special Listing Conditions: Standard Tenant Pays: Cable TV Construction Materials: CBS Cooling: Wall/Window Unit(s) Heating: None Listing Terms: Cash; Conventional; FHA; VA Loan Pets Allowed YN: Yes Pets Allowed: Call Possession: Negotiable Restrictions: No Restrictions Roof: Slate Sewer: Public Sewer Tax Information: City/County Utilities: Electricity Connected; Sewer Connected Water Source: Public Showing Requirements: See Remarks Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Smoke Detector(s) Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Smoke Detector(s) Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2026-04-01
Original List Price: 849990
Negotiable Seller Concessions YN: No
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Broward
Street Number: 1405
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Terrace
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33304
Postal Code +4: 1104
Subdivision Name: PROGRESSO
Area: 3370
Geographic Area: FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Elementary School: North Side
Middle Or Junior School: Sunrise
High School: Fort Lauderdale
Special Assessment YN: No
Parcel Number: 494234020500
Subdivision Number: 2
Zoning: RM-15
Flood Zone: AE

Financial Information

Master Association YN: No
Tax Annual Amount: 12398.86
Tax Year: 2025
Tax Assessed/SOH Value: 489440
Tax Legal Description: PROGRESSO 2-18 D LOT 11 BLK 56
Assessor Market Value: 653940
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-04-02T12:51:17Z
Major Change Type: New Listing
Status Change Date: 2026-04-02

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 2
Separate Gas Meters YN: No
Separate Water Meters YN: No

Pet Details

Pet Fee YN: No

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Actual Rent: 1840
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 0

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-05-31
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1715
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 0

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-09-30
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 1715
Baths Full: Yes
Efficiency YN: Yes

Unit 3 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-06-30

Unit 4 Details

Actual Rent: 1715
Baths Full: Yes
Efficiency YN: Yes

Unit 4 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-05-07

Price Calculations

Current Price To SqFt: 403.6

Originating Details

Originating System Key: 20260327194640834849000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Other: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Rent Rolls: Yes

Tenant Pays

Cable TV: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes

Heating

None: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Roof

Slate: Yes

Water Source

Public: Yes

Cooling

Wall/Window Unit(s): Yes

Showing Requirements

See Remarks: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Call: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Smoke Detector(s): Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Family Room: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Smoke Detector(s): Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: Homeinc Realty LLC

Last Updated: April - 02 - 2026

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1405 NE 5th Terrace, Fort Lauderdale, FL 33304 (MLS# B26010072)