806 NE 16th Place 1-8 Fort Lauderdale, FL $ 2,450,000
806 NE 16th Place 1-8
$ 2,450,000
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806 NE 16th Place 1-8

Fort Lauderdale, FL
$ 2,450,000
Baths0.0 Sq 6,606

Monthly Estimate*

$ 15,085

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Studio

Single Family Home for sale in Fort Lauderdale, FL

for $2,450,000. This 6,606 square foot home was built in 1970 on a lot size of 0.25.

Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.

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Single Family Active

Price

$ 2,450,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 25,362

Style

Lot Size

0.25

Year Built

1970

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

B26031058

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling CeilingFans WallWindowUnits
Utilities ElectricityAvailable Other SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Flat Tile
HOA Fee 0
Security Features GatedCommunity None
Construction Materials Stucco
Year Built 1970
Electric Other
Tenant Pays Electricity Other Water
Stories Count 2
Levels Two
Unit Number 1-8
Property Subtype MultiFamily
Tax Year 2025
Gross Income 153000
Business Type Rental
Community Features LaundryFacilities
Building Name 806
Accessibility None
County Broward
New Construction false
Property Type CommercialSale
Building Features Other
Status Active
Directions SUNRISE BLVD TO NE 4TH AVE GO NORTH THEN ON NE 16TH STREET GO EAST THEN LEFT ON NE 8TH AVE THEN RIGHT ON NE 16TH PL. PROPERTY ON THE RIGHT.
City Fort Lauderdale
Disclosures OwnerIsListingAgent
Number Of Units Total 8
MLS Area 3370
Tax Annual Amount 25362.83
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/806-NE-16th-Place-Unit-18-Fort-Lauderdale-FL/unbranded
Standard Status Active
Occupancy Type Tenant
Ownership Type LimitedPartnership
Property Sub Type Additional MultiFamily
Legal Description LAUDERDALE PARK 6-33 1/2 B LOT 7 8 BLK 6
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Interior
Flooring Terrazzo Tile Wood
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Fencing BackYard Fenced Gate Privacy Wood
Parking Features Assigned
Lot Features CityLot InteriorLot SprinklerSystem
Water Source Public
Total Parking 9
Lot Size Area 10997
Number of Buildings 1
Building Area Total 6606
Lot Size Acres 0.25
Road Surface Type Asphalt
Road Frontage Type CityStreet
Road Responsibility PublicMaintainedRoad
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* Excluded Features
List By
Rosy A Baron

Listing Agent

Affordability Calculator

$17,199
Per Month
88%
12%
0%
Monthly Principal & Interest
$15,085
Monthly Property Taxes
$2,114
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/20/2026$2,450,000 Listed Price

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806 NE 16th Place 1-8, Fort Lauderdale, FL, is a Single Family Home for sale at $2,450,000 with 6,606 sqft and a lot size of 0.25. 806 NE 16th Place 1-8 is a studio with 0.0 baths and was built in 1970. The property's zip code is which is in Fort Lauderdale, FL