For Sale Multi-Family MLS# B26096945

824 NE 16TH Street

Fort Lauderdale, FL 33304

$1,229,000

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About 824 NE 16TH Street

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.

Property details

Property

Type
Multi Family
MLS type
Multi Family Home
Status
Active
Year built
1970
Stories
1
Living area
3,344 sqft
Price / sqft
$368
Lot
0.22
Original price
$1,229,000
MLS #
B26096945

Interior

Flooring
Tile, Wood
Heating
Electric, Wall Furnace
Cooling
Electric, Wall/Window Unit(s)

Exterior & lot

Features
Parking spaces: 12
Construction
Brick, CBS (Concrete Block Structure), Block
Roof
Composition, Shingle
Lot
RS-8

Schools

District
Broward County School District

Utilities

Utilities
Public Sewer, Public, Cable Available, Electricity Available, Sewer Available, Water Available, Other
Water
Public
Sewer
Public Sewer
Security
Smoke Detector(s)

Financial

Annual tax
$15,222
Tax year
2025
Parcel
494235041000
Legal
LAUDERDALE PARK 6-33 1/2 B LOT 1, 2, 3 BLK 8
Special conditions
Standard

Location

Area
3370
County
Broward
Neighborhood
Middle River Terrace
Community
City Street

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Listed by Inbal Ruiz, Inbal Ruiz

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.