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824 NE 16TH Street Fort Lauderdale, FL $ 1,229,000
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824 NE 16TH Street
$ 1,229,000
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824 NE 16TH Street

Fort Lauderdale, FL, 33304
$ 1,229,000
Bedrooms-- Baths-- Sq 3,344

Monthly Estimate*

$ 8,488

824 NE 16TH Street, Fort Lauderdale, FL 33304 - Image 1
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824 NE 16TH Street, Fort Lauderdale, FL 33304 - Image 8
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Commercial Property for sale in Fort Lauderdale, FL

for $1,229,000. This 3,344 square foot building was built in 1970 on a lot size of 0.22.

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.

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Commercial Active

Price

$ 1,229,000

Property Type

Commercial

Taxes

$ 15,221

Style

Lot Size

0.22

Year Built

1970

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

B26096945
Features
General
Sewer Public Sewer
Heating Electric Wall Furnace
Cooling Electric Wall/Window Unit(s)
Utilities Cable Available Electricity Available Sewer Available Water Available
Possession Close Of Escrow
Roof Composition Shingle
Security Features None Smoke Detector(s)
Construction Materials Brick CBS (Concrete Block Structure) Block
Year Built 1970
Electric Other
Property Subtype Multi Family
Tax Year 2025
Accessibility None
County Broward
Property Type Commercial Sale
Status Active
City Fort Lauderdale
Number Of Units Total 5
MLS Area 3370
Tax Annual Amount 15221.59
MLS Area Minor FTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)
Virtual Tour https://www.propertypanorama.com/824-NE-16TH-Street-Fort-Lauderdale-FL-33304/unbranded
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Multi Family
Legal Description LAUDERDALE PARK 6-33 1/2 B LOT 1 2 3 BLK 8
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Interior
Flooring Tile Wood
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Lot Features < 1/4 Acre
Water Source Public
Total Parking 12
Lot Size Area 9759
Building Area Total 3344
Lot Size Acres 0.22
Road Frontage Type City Street
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* Excluded Features
List By
Inbal Ruiz

Listing Agent

Affordability Calculator

$9,757
Per Month
87%
13%
0%
Monthly Principal & Interest
$8,488
Monthly Property Taxes
$1,268
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
11/5/2026 $1,229,000 Listed Price

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824 NE 16TH Street, Fort Lauderdale, FL, 33304 is a Commercial Property for sale at $1,229,000 with 3,344 sqft and a lot size of 0.22. 824 NE 16TH Street was built in 1970. The property's zip code is 33304 which is in Fort Lauderdale, FL

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