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$1,090,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 1432 NE 5th Ave

General

  • Price: $1,090,000
  • Taxes: $8,783 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A12017563
  • Updated: 8/5/2026
  • Added to Site: 184 day(s) ago

Rental Information

  • Rent Includes: Gardener, Sewer, Trash Collection, Water

Interior

  • Flooring: Tile

Exterior

  • Exterior Features: Other
  • Deck/Patio: Open Porch, Wrap Around

Parking

  • Total Spaces: 5

Location

  • Area: Progresso
  • County: Broward County
  • Subdivision: PROGRESSO
  • Building Name: PROGRESSO

Community

  • Community Name: Progresso
  • Units Assoc/Comm: 4

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Wall/Window Unit(s)
  • Heating Type: Central, Window/Wall

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Attached
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Barrel Roof
  • Stories/Levels: 1
  • Building Size: 6762
  • Square Feet: 2,317
  • Living Area: 2,317 Sq. Ft.
  • Year Built: 1965

Unit Information

  • Units in Complex: 4

Lot Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: RM-15
  • Fencing (Description): Fenced

Financial Considerations

  • Price Per Sq. Ft.: $470.44
  • Tax Amount: $8,783
  • Tax Year: 2025
  • Terms: All Cash, Assumable, Conventional

Disclosures and Reports

  • Documents Avail.: Deposit - Security, Copy Of Lease(S), Rent Rolls
  • Legal Description: PROGRESSO 2-18 D LOT 21 BLK 56
  • Property ID: 494234020590

Listed by LPT Realty, LLC

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Listing agents

— 1432 NE 5th Ave —

  • LPT Realty, LLC

  • LPT Realty, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1432 NE 5th Ave

School District:Broward County School District
NameGradesDistance
North Side Elementary School
120 Northeast 11th Street, Fort Lauderdale, FL 33304
PK-50.6 mi
Sunrise Middle School
1750 Northeast 14th Street, Fort Lauderdale, FL 33304
6-81 mi
Fort Lauderdale High School
1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1432 NE 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/14/2026
Price Reduced
$1,090,000
-0.91%
MLS
6/09/2026
Price Reduced
$1,100,000
-2.22%
MLS
4/09/2026
Listed
$1,125,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

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NMLS#: 1598647

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Listed by LPT Realty, LLC

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Listed by The Gayle Borden Group

1432 NE 5th Ave, Fort Lauderdale, FL 33304 (MLS# A12017563) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1432 NE 5th Ave is currently listed for $1,090,000 and was received on April 09, 2026. Want to learn more about 1432 NE 5th Ave? Do you have questions about finding other Multi-Family real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

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