824 NE 16th StreetFort Lauderdale, FL 33304MLS Number B26096945

  • Price: $1,229,000
  • 1 Day on Market
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Federal 30-year interest rate: 7.18% last updated on Nov 5, 2026
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824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304824 NE 16th Street Fort Lauderdale FL 33304
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  • 0.22Acreage
  • 1970Year Built
GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Well-maintained 5-unit multifamily property generating $9,150 in monthly rental income and $109,800 annually! Featuring one 2-bedroom/2-bathroom unit and four 1-bedroom/1-bathroom units. Each unit includes 2 parking spaces. Four of the five units have been updated. Newer roof. New electrical panels completed in 2026. Currently owner-managed with an estimated 6.11% cap rate. Excellent opportunity to acquire a strong income-producing asset in a desirable Fort Lauderdale location.
Listing by Inbal Ruiz

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Boca Raton, FL 33431

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Tax Information

  • Tax Legal Description LAUDERDALE PARK 6-33 1/2 B LOT 1, 2, 3 BLK 8
  • Tax Year 2025
  • Taxes$15,221

Building

  • Building ConstructionBrick, CBS (Concrete Block Structure), Block
  • Units5
  • Year Built1970

Interior

  • Flooring Tile, Wood

Property Information

  • Acreage0.22
  • Lot Features < 1/4 Acre
  • Occupant Type Tenant
  • Property Sub Type Additional Multi Family

Legal

  • Parcel Number 494235041000
  • Universal Parcel Id urn:reso:upi:2.0:US:12011:494235041000

Parking

  • Parking Total 12

Location

  • Address824 NE 16th Street
  • Area3370
  • Building Number824
  • CountyBroward
  • StateFL
  • StreetNE 16th Street
  • TownFort Lauderdale
  • Zip33304

Utilities

  • Electric Other
  • Heat SystemElectric, Wall Furnace
  • Heating YN Yes
  • Utilities Cable Available, Electricity Available, Sewer Available, Water Available
  • Waste Water DisposalPublic Sewer

Other

  • Date Listed11/05/2026
  • Documents Available Ground Photo, Lease, Rent Rolls, Survey
  • Possession Close Of Escrow
  • Special Listing Conditions Standard

Basic Information

  • List Price$1,229,000
  • MLS NumberB26096945
  • Modification Date11/05/2026
  • Property SubTypeMulti Family
  • Property TypeCommercial Sale
  • StatusACT
  • Virtual TourView Tour

Exterior

  • RoofComposition, Shingle

Amenities

  • Cooling Electric, Wall/Window Unit(s)
  • Cooling YN Yes
  • Security Features Smoke Detector(s)

Water Body

  • Water AccessPublic

Based on information submitted to BeachesMLS as of November 6, 2026 7:13 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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