$499,000list price
Price cut$51,000
0 ba · 1,306 sq ft 2 to 4 units
630 NE 15TH CT, FORT LAUDERDALE, FL 33304
Listing courtesy of United Realty Group Inc. MLS# A11976190.On the MLS · Listed Sep 3
$649,850
1219 NE 5TH TER #12, FORT LAUDERDALE, FL 33304
0 baths1,053 sq ft2 to 4 unitsBuilt 1957
Updated today, November 3, 2026This home against Middle River Terrace
$617 per sq ft, 45% over the Middle River Terrace median
159 days on the market
Price cut $150,147 since it was listed at $799,997
$7,203 in property taxes (2025)
10,019 sq ft lot
Middle River Terrace today: 32 homes for sale, median list price $655,000.
About this home
45% OFF: This is how to generate great returns in today's market while protecting your downside. Acquire an income producing duplex (1 Bedroom/1 Bathroom each side) with additional development capacity (the right to build 8 more units) in Fort Lauderdale's rapidly developing Studio City at over 45% below market value. This property should not be viewed solely as a duplex or solely as a land play; the true value is in both. The existing duplex (that is fairly renovated and has separate water & electric meters) can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 10 units, without tearing down the current structure. The included site plan shows viable layout, parking, & access. A preliminary development meeting has been held with the city; representatives from every relevant department (planning, zoning, engineering, landscape, etc) were present and confirmed that the site plan is feasible and compliant with current code and zoning regulations. Recently sold multi-family land comps: $117k-$141k per unit. Active multi-family land comps: $124k-$177k per unit. Recently sold multi-family (existing building) comps: $312k-$375k per unit. Active multi-family (existing building) comps: $297k-$372k per unit. Subject property: fairly renovated duplex + 8 units of buildable land; market value ~$1.2M. Build cost ~$1.2M. All in:~$1.9M. Projected value:$3M+ = $1M+ instant equity upon completion. 1 bedroom apartment rents:$1.6k-$2.3k/mo. Potential ~10% cap rate. Seller will finance. Located on NE 5th Terrace, less than one block from NE 13th Street, the property is under a 60 second walk from the heart of Studio City: Fort Lauderdale's emerging arts and entertainment district, featuring an eclectic mix of independent businesses like Gulfstream Brewing Co, Lovelee Bakeshop, Radio-Active Records and other popular neighborhood destinations. Situated at the crossroads of Flagler Village & Wilton Manors, the area offers a vibrant, walkable neighborhood experience with a youthful, creative energy often compared to early Wynwood. Surrounded by ongoing new development, the area continues to attract investors & developers who recognize its long term potential. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.
Zoned schools
Elementary: North Side Elementary School
Middle: Sunrise Middle School
High: Fort Lauderdale High School
From Broward County Public Schools attendance zones.
Near this home
Park: Middle River Terrace Park, 0.3 mi
Beach: Fort Lauderdale Beach, 2.1 mi
Grocery: La Madame Supermarket, 0.3 mi
Distances from the center of Middle River Terrace, FORT LAUDERDALE.
Listing courtesy of United Realty Group Inc.. MLS# B26033753.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed May 27, 2026.
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