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$1,585,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • Updated 1 day ago
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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.

Full Property Details for 1501 NE 7th Ave #1

General

  • Price: $1,585,000
  • Taxes: $4,157 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: B26093017
  • Updated: 10/27/2026
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Ceramic Tile

Additional Information

  • Spa: Yes
  • Spa Description: In Ground

Exterior

  • Exterior Features: Balcony, Outdoor Living Area, Outdoor Shower, Storage
  • Porch/Patio/Deck: Open, Patio, Balcony

Parking

  • Total Spaces: 10

Location

  • County: Broward
  • Subdivision: TERRACE CONDOS INC

School Information

  • Elementary School: North Side
  • Middle School: Sunrise
  • High School: Fort Lauderdale

Community

  • Community Name: 3370
  • Units Assoc/Comm: 4
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Multiple Meters, Public
  • Utility Description: Electricity Available, Sewer Connected, Water Connected
  • # Water Meters: 6
  • # Electric Meters: 6

Structural Information

  • Structure Type: Multi Family
  • Construction: CBS (Concrete Block Structure), Block, Stucco
  • Roof: Spanish Tile, Tile
  • Windows: Storm Window(s)
  • Stories/Levels: 2
  • Building Size: 658
  • Square Feet: 658
  • Sq. Ft. Source: Public Records
  • Living Area: 658 Sq. Ft.
  • Year Built: 1973
  • Property Condition: Resale

Lot Features

  • Lot Dimensions: 4819
  • Lot Features: Corner Lot
  • Zoning: RS-8
  • Fencing (Description): Back Yard, Fenced, Gate, Wood

Financial Considerations

  • Operating Expenses: $36,377
  • Pet Deposit: $350
  • Assessment Amount: $195,330
  • Tax Amount: $4,157.94
  • Tax Year: 2025
  • Terms: Cash, Conventional, 1031 Exchange
  • Tenant Pays: Electricity, Water

Disclosures and Reports

  • Special Conditions: Standard
  • Documents Avail.: Lease
  • Legal Description: THE TERRACE CONDOS INC UNIT 1 PER CDO BK/PG: 39000/1108
  • Disclosures/Rstr.: Owner Is Listing Agent
  • Property ID: 494235af0010

Listed by Douglas Elliman

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Listing agent

— 1501 NE 7th Ave #1 —

  • Douglas Elliman

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1501 NE 7th Ave #1

School District:Broward County School District
NameGradesDistance
North Side Elementary School
120 Northeast 11th Street, Fort Lauderdale, FL 33304
PK-50.7 mi
Sunrise Middle School
1750 Northeast 14th Street, Fort Lauderdale, FL 33304
6-80.9 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 1501 NE 7th Ave #1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/27/2026
Listed
$1,585,000
26.8%
MLS
11/30/2023
Sold
$1,250,000
—
Public Record
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.

Tax History for 1501 NE 7th Ave #1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,158
8%
$195,330
-1%
2024
$3,858
—
$196,590
7%
2024
$3,858
6%
$184,340
5%
2023
$3,624
23%
$175,030
27%
2021
$2,951
-9%
$137,560
-13%
2022
$3,250
10%
$157,390
18%
2021
$2,951
10%
$133,360
7%
2019
$2,685
13%
$125,160
10%
2018
$2,367
5%
$113,790
-2%
2017
$2,249
5%
$115,990
7%
2016
$2,146
13%
$108,260
27%
2015
$1,902
34%
$85,500
69%
2014
$1,423
23%
$50,640
10%
2013
$1,156
—
$46,040
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Douglas Elliman

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1501 NE 7th Avenue #1, Fort Lauderdale, FL 33304 (MLS# B26093017) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1501 NE 7th Avenue #1 is currently listed for $1,585,000 and was received on October 27, 2026. Want to learn more about 1501 NE 7th Avenue #1? Do you have questions about finding other Multi-Family real estate for sale in Middle River Terrace? You can browse all Middle River Terrace real estate or contact a Coldwell Banker agent to request more information.

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