Duplex in 1344 NW 7th Terrace, Fort Lauderdale, FL 33311 with MLS# A12009368
Fully renovated duplex on a corner lot priced below appraised value with a recent appraisal at $550,000. This income producing property offers strong returns with over an 8% CAP RATE.Unit 2 is already leased through July 2027, providing stable cash flow from day one. Unit 1 is vacant and move in ready, perfect for owner occupancy or immediate rental income.New roof installed in 2022 and a new AC from 2021. Both units feature laminate flooring throughout, stainless steel appliances, and private laundry rooms.
1344 NW 7th Terrace, Fort Lauderdale, FL 33311
Price
- Price:
- $499,999.00
- Original List Price:
- $525,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $356.9
- Close Price:
- $530,000.00
- Transaction closed on:
- July 24, 2026
Property Status and Type
- Listing Type:
- Sold
- Status:
- Closed
- Contingency:
- Active Under Contract
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Duplex
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- July 24, 2026 4:00 am
Measures
- Living Area:
- 1,485 Sqft
- Built-Up Area:
- 1,485 Sqft
Property Features
- Waterfront:
- No
- Air Conditioning
- Air Conditioning System:
- Central Air, Electric
- Heating
- Heating System:
- Central, Electric, Separate Meters
Construction
- Year Built:
- 1955
- Roof:
- Shingle
- Number of Units Total:
- 2
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Laminate
- Number of stories:
- 1
- Structure Type:
- Duplex
- Number of Units in the Community or Building:
- 2
- Flood Zone Code:
- X
Taxes and Expenses
- Tax Annual Amount:
- $10,267.00
- Tax Year:
- 2025
- Property Tax Details:
- City/County
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available
Community
- Subdivision Name:
- PROGRESSO
- Senior Community:
- No
Terms
- Documents Available:
- Deposit - Security, Copy Of Lease(s), Deposit - Last Months Rent
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA
- Buyer Possession:
- Negotiable
Zoning and Legal
- Tax Legal Description:
- PROGRESSO 2-18 D LOT 24 BLK 74
- Real Estate Folio Number (Parcel Number):
- 494234024740
- Zoning:
- RDS-15
Public Schools Assigned
- Elementary School:
- Florida City
- High School:
- Dillard 6-12
- Middle Or Junior School:
- Sunrise
Listing History
- Active on the market since:
- April 28, 2026
- Listing Agreement executed on:
- April 28, 2026
- Purchase Contract Date:
- June 25, 2026
- Price change occurred on:
- June 11, 2026 8:34 pm
- Listing Status Last Changed On:
- July 24, 2026 4:00 am
- Photos updated on:
- July 27, 2026 1:35 pm
- Last Modified:
- July 27, 2026 1:36 pm
Additional Information
- Courtesy of:
- Brokernation Real Estate Doral
- Attribution:
- Not provided
Location
- Street Name:
- 7th
- Street Number:
- 1344
- City:
- Fort Lauderdale
- State:
- Florida
- Zip Code:
- 33311
- County:
- Broward
- Latitude:
- N26° 8' 36.9''
- Longitude:
- W81° 50' 53.2''
- Street Suffix:
- Terrace
- Street Direction Prefix:
- NW
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$51,918
Median Home Value
$276,600
Median Rent
$1,385/mo
Median Age
35
Population
73,280
Air Quality
Source: AirNow.gov · Broward County
🌬️ Air Quality Index (AQI)
49
Good
☀️ O3
21
Good
🫁 PM2.5
49
Good
💨 PM10
21
Good
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