PROGRESSO
1432 NE 5th ave, Fort Lauderdale FL 33304
2,317 ft²
$1,125,000
Est. Payment $5,988/mo
2,317
Sq. Ft.
1965
Year Built
1
Stories
35
Days on Market
Description
Exceptional value-add 4-unit multifamily opportunity located in one of Fort Lauderdale’s most desirable and high-demand rental pockets, just minutes from Wilton Manors, Flagler Village, Las Olas Boulevard, and Fort Lauderdale Beach. This prime location places you near Galleria Mall, Whole Foods, Publix, and popular dining and nightlife along Wilton Drive and Las Olas. Convenient access to I-95 and major roadways provides seamless connectivity throughout Broward County and into Miami. Strong rental demand driven by proximity to employment hubs, entertainment, and lifestyle amenities makes this an attractive asset for both long-term tenants and seasonal residents. Surrounded by ongoing development and consistent growth, the property offers significant upside through rental optimization and stabilization. Its central location and proximity to major destinations position it well for strong rental performance and long-term appreciation. Ideal for investors looking to reposition, increase cash flow, or hold a multifamily asset in one of South Florida’s most active rental markets. Short-term rental potential may be explored subject to local regulations
Facts
- MLS#
- A12017563
- Subdivision
- PROGRESSO
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 1965
- Lot Size
- 0 sqft
- Sq. Ft.
- 2,317 ft²
- Sq. Mt.
- 215 m²
- Price per sq. ft.
- $486/ft²
- Price per sq. mt.
- $5,233/m²
- Stories
- 1
- Garage
- —
- Pool
- —
- Days on Market
- 35 days
- Listed
- Apr 9, 2026
- Last Updated
- May 15, 2026
- Price/Lot Sq.Ft.
- —
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Market insights for Fort Lauderdale
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
38
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 4/9/2026 | Listed for sale | $1,125,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
South Olive Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.3 mi
Forest Hill High Adult EducationUG · public · 0.6 mi
Forest Hill Community High School9,10,11,12 · public · 0.6 mi
Palmetto Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.6 mi
Renaissance Charter School At SummitKG,1,2,3,4,5,6,7,8 · charter · 1.3 mi
St Juliana SchoolPK,KG,1,2,3,4,5,6,7,8 · private · 1.3 mi
Cornerstone AcademyKG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.5 mi
Meadow Park Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.5 mi
Unity For KidsKG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.6 mi
The Elles School4,5,6,7,8,9,10,12 · private · 1.6 mi
Estimated Monthly Payment
$7,075/mo
Principal & Interest
$5,988
Property Tax
$938
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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