1014 NW 5th Ave — Sale in Fort Lauderdale, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Fort Lauderdale, FL 33311
Photos
Investment Figures
- Cap rate
- 5.63%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present 1014 & 1019 Northwest 5th Avenue, a (two)-building, (12)-unit apartment community located in Fort Lauderdale, Florida. SUBJECT PROPERTY 1014 & 1019 Northwest 5th Avenue were constructed between 1965 & 1967 and comprise (two) single-story concrete block buildings with painted stucco exteriors and shingle roofs. The property offers approximately 7,519 square feet of total building area and sits on a 20,259-square-foot lot (0.47 acres), according to the Broward County Property Appraiser. The unit mix includes (10) one-bedroom/one-bathroom units and (2) two-bedroom/two-bathroom units. The property features on-site laundry, wall air conditioning units and paved asphalt parking. The property is zoned RD-15. LOCATION 1014 & 1019 Northwest 5th Avenue are located in Fort Lauderdale, Florida, offering residents convenient access to Sunrise Boulevard, Federal Highway (US-1), and Interstate 95. The surrounding 3-mile area reports an average household income of $100,332 and population growth of 8.54 percent since 2010. Residents are within walking distance to Dunkin’, Aldi, Wawa, and Progresso Village, with a short drive to Downtown Fort Lauderdale, beaches, the Broward County Convention Center, Port Everglades, and Fort Lauderdale-Hollywood International Airport. Surrounding area retailers and points of interest include Dunkin’ (0.2 miles), Aldi & Wawa (0.3 miles), Walgreens Pharmacy (0.3 miles), Tesla (0.4 miles), Home Depot (0.6 miles), Amped Fitness (1.0 miles), Holiday Park (1.4 miles) and The Fresh Market (1.6 miles). Additionally, just a short drive from the property are Publix Super Market at Sunrise Boulevard (1.8 miles), Bank of America (1.8 miles), Truist Bank (1.9 miles), The Galleria (2.6 miles), Port Everglades (5.5 miles), and Fort Lauderdale-Hollywood International Airport (5.6 miles). Nearby educational facilities include North Side Elementary School (0.4 miles), Fort Lauderdale High School (1.3 miles), Sunrise Middle Sch
Market Context
This multifamily in Fort Lauderdale, FL is listed for sale. It is offered at an approximate 5.6% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Fort Lauderdale, FL — view the full market.
As of Q4 2025, the Fort Lauderdale multifamily market showed a 5.1% vacancy rate, and average asking rents near $2414.00/unit/mo. Source: multiple brokerage reports, Q4 2025.
Tight vacancy keeps competition for quality space elevated.
Multifamily market FAQ
- Is the Fort Lauderdale multifamily market tightening or softening?
- Vacancy is around 5.1% (Q4 2025).
Contact
- Joe Thomas · (954) 245-3492 · joseph.thomas@marcusmillichap.com
- Ethan Krauss · (954) 245-3503 · ethan.krauss@marcusmillichap.com
- Alec Demetriou · (954) 245-3586 · alec.demetriou@marcusmillichap.com
- Adam Marcuvitz · (786) 522-7194 · adam.marcuvitz@marcusmillichap.com
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