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1025-1027 NE 16 Terrace Fort Lauderdale, FL $ 750,000
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$ 750,000 Get more info
1025-1027 NE 16 Terrace
$ 750,000
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Share Save

1025-1027 NE 16 Terrace

Fort Lauderdale, FL, 33304
$ 750,000
Bedrooms5 Baths4.0 Sq 4,223

Monthly Estimate*

$ 4,679

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Multi-Family Home for sale in Fort Lauderdale, FL

for $750,000 with 5 bedrooms and 4 full baths. This 4,223 square foot home was built in 1960 on a lot size of 0.155028.

Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work to become an updated property. It is currently rented & offers strong income potential. Or, if preferred, it can be quickly readied for tear down. It's in a prime walkable location near downtown, beaches, shopping, and dining. The lot includes two buildings: a one-story with two 1/1s, and a two-story with two 2/1s, one of which has 25 feet ceilings. Each unit features a private yard or patio. Each building has separate water meters, and each unit has its own electric meter. Please do not disturb tenants or walk the property without an appointment.

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Multi-Family Active

Price

$ 750,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 15,157

Style

Quad Plex

Lot Size

0.155028

Year Built

1960

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

RX11132122
Features
Exterior
Lot Description < 1/4 Acre
Exterior Amenities Covered Patio Deck Open Patio
Waterfront No None
Private Pool Y/N No
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General
Construction Frame
Heating Other
Cooling Ceiling Fan Wall-Win A/C
Utilities Cable Electric Public Sewer Public Water
Possession Funding
Roof Other
Zoning RMM-25
HOA None
Status Active
Year Built 1960
REO No
Subdivision Progresso
Stories Count 2.0
Type Quad Plex
Property Type B
Area 3380
Auction No
Tax Year 2024
Terms Considered Cash Other
Gated Community No
Short Sale No
Restrict None
Taxes 15157.00
Adult 55+ No Hopa
HOA/POA/COA (Monthly) 0.00
Virtual Tour https://www.propertypanorama.com/10251027-NE-16-Terrace-Fort-Lauderdale-FL-33304/unbranded
Geo Area FTNE
Legal Description PROGRESSO 2-18 D LOT 6 BLK 170
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Interior
Flooring Tile
SqFt - Living 4223.00
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Internal Only
OriginalMLSID RX-11132122
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* Excluded Features
List By
Debra J Temkin

Listing Agent

Century 21 Tenace Realty

Broker

dtsells4u@gmail.com

Email

Affordability Calculator

$5,942
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,679
Monthly Property Taxes
$1,263
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
368239 Elementary School
368240 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
12/7/2025 $750,000 -6.13% Price Down
10/14/2025 $799,000 Listed Price

Map

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1025-1027 NE 16 Terrace, Fort Lauderdale, FL, 33304 is a Multi-Family Home for sale at $750,000 with 4,223 sqft and a lot size of 0.155028. 1025-1027 NE 16 Terrace has 5 bedrooms, 4.0 baths, and was built in 1960. The property's zip code is 33304 which is in Fort Lauderdale, FL

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