Property 1350 NE 5th Terrace 128, Fort Lauderdale, FL 33304 with MLS# A11927736

A rare opportunity to acquire a 28-unit property in Fort Lauderdale's highly sought-after Middle River Terrace, featuring an unbeatable unit mix of all 2BD/1BA apartments-half fully renovated. The property offers brand-new impact windows and doors, a completed 40-year recertification, plenty of parking, and substantial upside, with recent renovations resulting in approximately 10 current vacancies. At full occupancy, the asset delivers nearly an 8% cap rate, making it an exceptional cash-flow opportunity in one of the city's strongest rental corridors. Ideally located just minutes from Wilton Drive, Downtown, Las Olas, the beach, and FLL Airport, this property offers stability, income growth, and long-term appreciation potential.

📅 View days on the market

Days on the market

1350 NE 5th Terrace 128, Fort Lauderdale, FL 33304

Price
Price:
$6,500,000.00
Original List Price:
$6,500,000.00
Close Price:
$6,300,000.00
Transaction closed on:
May 6, 2026
Property Status and Type
Listing Type:
Sold
Status:
Closed
Listing Category:
Commercial Sale
Property Type:
Multi Family
Description of Last Important Update:
Status Change
Last Major Update on:
May 6, 2026 4:00 am
Measures
Built-Up Area:
20,622 Sqft
Lot Size Acres:
0.81
Property Features
Heating
Heating System:
Central Individual
Construction
Year Built:
1972
Number of Units Total:
1
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$51,982.00
Tax Year:
2024
Utilities
Sewer:
Public Sewer
Water Source:
Public
Community
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash, Conventional, Other
Zoning and Legal
Tax Legal Description:
34-49-42 THE S1/2 OF THE FOL,BEG NE COR OF SE1/4,SLY 150 TO POB,WLY 275.64,SLY 128.20,ELY 274.66, NLY 127.44 TO POB
Real Estate Folio Number (Parcel Number):
494234000321
Zoning:
RM-15
Listing History
Active on the market since:
December 14, 2025
Listing Agreement executed on:
December 14, 2025
Purchase Contract Date:
April 1, 2026
Listing Status Last Changed On:
May 6, 2026 4:00 am
Photos updated on:
May 6, 2026 11:09 pm
Last Modified:
May 6, 2026 11:09 pm
Additional Information
Courtesy of:
Fausto Commercial Realty Consultants Inc
Attribution:
Not provided
Location
Street Name:
5th
Street Number:
1350
Unit Number:
128
City:
Fort Lauderdale
State:
Florida
Zip Code:
33304
County:
Broward
Latitude:
N26° 8' 38.2''
Longitude:
W81° 51' 42.3''
Street Suffix:
Terrace
Street Direction Prefix:
NE
Property Map

Want to schedule an in-person or virtual tour? Have questions?

Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question


Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $84,951
Median Home Value $556,400
Median Rent $1,727/mo
Median Age 46
Population 18,566

Air Quality

Source: AirNow.gov · Broward County

🌬️ Air Quality Index (AQI) 46 Good
☀️ O3 31 Good
🫁 PM2.5 46 Good
💨 PM10 12 Good
Ver la Propiedad Ver la propiedad 1350 NE 5th Terrace 128, Fort Lauderdale, FL 33304
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available. Properties may be listed or sold by various participants in the MLS.