1501 NE 7th Avenue, Fort Lauderdale, FL, 33304
About This Home
5-PLEX fully rented (MLS classified as 4-plex) in Fort Lauderdale. Unit mix: four 1BD/1BA and one 2BD/2BA. Gross income $121,000 annually with approx. $89K NOI (5.1% cap at current pricing). Stable income with rental upside. Fully renovated with new kitchens, baths, A/C systems, flooring, fencing, railings, and new high-impact windows — no major deferred maintenance. Each unit includes a washer/dryer, 2 parking spaces, and separate parcel numbers. Features a pool and a 2BD/2BA unit with a private jacuzzi. Strong 1031 exchange opportunity. roperty is legally structured as five separate condo parcels under one ownership (MLS classified as 4-plex). All units are fully rented. Unit mix includes four 1BD/1BA units and one 2BD/2BA unit. Current gross income is $121,800 annually with approximately $89K NOI. Extensive renovations completed, including kitchens, bathrooms, A/C systems, flooring, fencing, railings, and high-impact windows. No major deferred maintenance.Each unit includes washer/dryer and two dedicated parking spaces. Property features a private pool, and the 2BD/2BA unit includes its own jacuzzi. Strong tenant demand in Middle River Terrace location. Ideal for 1031 exchange buyer or investor seeking stabilized cash flow with long-term flexibility due to separate parcel structure.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1973
Materials
- Roof: Barrel
- Construction materials: Block
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
Features
- Window features: Blinds
- Flooring: Ceramic Tile
Heating & Cooling
- Heating features: Central,Separate Meters
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total interior livable area: 794 sqft
Property
Details
- Parcel number: 494235AF0050
- Zoning: RS-8
- Special condition: Listed As-Is
Features
- Private pool: Yes
- Pool features: In Ground
- Patio & porch: Balcony
- Exterior features: Balcony,Outdoor Living Area,Outdoor Shower
- Has spa: Yes
- Fencing: Fenced
Lot
- Features: < 1/4 Acre
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Inland Flooding
- Lightning
- Coastal Flooding
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Broward County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,328 | $99,936 |
| Home Insurance * | $2,692 | $32,304 |
| Property Taxes | $1,317 | $15,804 |
| Electricity | $197 | $2,366 |
| Total | $12,534 | $150,408 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-24 | Listed for sale | $1,647,000 |
| 2025-11-10 | Listing removed | $1,900 |
| 2025-08-27 | Price change | $1,900 |
| 2025-07-18 | Price change | $1,950 |
| 2025-06-30 | Listed for rent | $2,000 |
| 2019-03-25 | Listing removed | $675,000 |
| 2019-02-04 | Listed for sale | $675,000 |
| 2015-01-15 | Listing removed | $1,100 |
| 2014-12-26 | Listed for rent | $1,100 |
| 2014-12-19 | Sold | $380,000 |
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