1501 NE 7th Avenue, Fort Lauderdale FL 33304 | Broward County | F10554588
- $1,620,000
- $1,620,000
Description
5-PLEX fully rented (MLS classified as 4-plex) in Fort Lauderdale. Unit mix: four 1BD/1BA and one 2BD/2BA. Gross income $127,000 annually. 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 $127,000 annually. 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.
Property Overview
This is a -bedroom, -bath home of about 794 square feet at 1501 NE 7th Avenue, Fort Lauderdale FL 33304 (Fort Lauderdale 33304), listed at $1,620,000.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
The tax of record is $4,319 (2024). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Broward rate near 2.1%: without homestead, about $34,020/yr (≈ $2,835/mo); with the homestead exemption on a primary residence, about $32,970/yr (≈ $2,748/mo). Confirm with the Broward Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 1501 NE 7th Avenue is $1,620,000. While the MLS does not specify the furnished status, fixtures and built-in appliances typically convey with the home—always confirm specifics during due diligence. This property includes a private pool (no shared community amenities are noted). For precise details on what’s included, connect with Christopher Lazaro, Fort Lauderdale Real Estate Expert, to review the latest disclosures and avoid surprises.
Where exactly is it, and what should I know about the location?
1501 NE 7th Avenue is in Fort Lauderdale 33304, positioned along the city’s coastal corridor with proximity to beaches, marinas, and the Intracoastal Waterway. This central location offers convenient access to downtown dining, shopping, and major thoroughfares like US-1 and A1A. For precise insights on market dynamics or to schedule a private tour, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert, directly.
What are the HOA / association fees, and what do they cover?
This charming single-family home at 1501 NE 7th Avenue has no mandatory HOA—meaning no association fees or restrictive covenants. As the owner, you’ll manage utilities, landscaping, and exterior maintenance directly, offering full autonomy. Note that all properties in Fort Lauderdale must still comply with city ordinances covering zoning, noise, and safety. For personalized guidance on this $1,620,000 listing, connect with Christopher Lazaro, Fort Lauderdale’s trusted real estate advisor.
What are the property taxes and homestead implications?
The tax of record for 1501 NE 7th Avenue is $4,319 (2024), but Florida reassesses at sale. As an ESTIMATE ONLY — using a Broward rate near 2.1% — taxes at the $1,620,000 list price would be approximately $34,020/yr (≈ $2,835/mo) without homestead, or $32,970/yr (≈ $2,748/mo) with Florida's homestead exemption, which lowers taxable value for primary residences only. These are estimates, not quotes; confirm with the Broward Property Appraiser and a tax professional.
For precise projections tailored to your situation, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert, who can guide you through homestead applications and tax implications.
Is the home in a flood zone, and what does that mean?
1501 NE 7th Avenue is in a FEMA-designated flood zone, which indicates its risk level for flooding. Flood zones range from high-risk (like AE or VE) to moderate/low-risk (X)—FEMA’s definitions clarify these categories. View the FEMA flood map for this address to see its specific zone; lenders often mandate flood insurance in high-risk areas. For precise guidance, connect with Christopher Lazaro, Fort Lauderdale Real Estate Expert, to review how this impacts your investment.
Are pets allowed?
As a single-family home at 1501 NE 7th Avenue, this property has no HOA or condo restrictions—pet policies are entirely at the owner's discretion, guided only by local ordinances or lease terms. Documented service animals and emotional support animals are protected under federal law. For clarity on current arrangements or to discuss this $1,620,000 home further, contact Christopher Lazaro, Fort Lauderdale Real Estate Expert.
How is the price set and is there room to negotiate?
The $1,620,000 list price reflects a tailored CMA for 1501 NE 7th Avenue, weighing its prime Fort Lauderdale location, 794 sqft footprint, and recent nearby sales. Broward’s broader market context shows single-family homes closing at 96% of original list (averaging 35 days to contract per MIAMI REALTORS®, May 2026), but hyperlocal comps often reveal sharper adjustments. Before drafting an offer, let’s review a fresh Fort Lauderdale-specific CMA together—connect directly with Christopher Lazaro, Fort Lauderdale Real Estate Expert, to verify the ideal strategy for this property.
What financing step do you recommend before touring?
Before touring 1501 NE 7th Avenue, I strongly recommend securing a pre-approval from a Florida Licensed Mortgage Loan Officer. This ensures you’re positioned to act decisively on this $1,620,000 property while clarifying your budget. For personalized guidance, reach out to Christopher Lazaro, Fort Lauderdale Real Estate Expert, who can connect you with trusted lenders and verify all financial considerations upfront.
Monthly Fees & Carrying Costs
- Application Fee: $50 (one-time)
Have a question about this Fort Lauderdale listing?
Talk directly with Christopher Lazaro, your Fort Lauderdale real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 7th
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City: Fort Lauderdale
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Zip/Postal Code: 33304
Details
Updated on July 6, 2026 at 4:43 pm-
Property ID F10554588
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Price $1,620,000
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Property Size 794 Sq Ft
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Bathroom 0
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Year Built 1973
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Property Status Active, Residential Income
Additional details
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Flooring Ceramic Floor
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Cooling Ceiling Fan(s), Central Air
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Building The Terrace Condos Inc
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Association Fee Frequency Annually
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Area The Terrace Condos Inc
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Annual Tax 4319
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Maintenance Fee Paid Per Yearly
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Association No
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Elementary School North Side
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Private Pool Yes
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Listing Terms All Cash, Conventional
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Waterfront No
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Subdivision The Terrace Condos Inc
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Total Stories 2
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Restrictions See Broker Remarks
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Amenities None, Private Pool
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Heating Central
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Structure Type Fourplex
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Tax Year 2024
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Construction Concrete Block Construction
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Middle School Sunrise
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Year Built Details Resale
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High School Fort Lauderdale
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Patio / Porch Open Balcony
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New Construction No
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Association Fee 0
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Lot Size (Sq Ft) 0
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