New Listing – Prime Multifamily Investment Opportunity in Fort Lauderdale Discover an exceptional chance to secure a profitable asset in a rapidly developing neighborhood. This property features two standalone buildings, each offering two spacious 2BR/2BA units (four total). Currently generating $90K+ in annual income and approximately $70K in NOI (a 6%+ CAP), this investment has clear upside potential with nearby comps suggesting $110K+ in possible annual income after upgrades.Each building boasts 1,502 SF of well-maintained living space, set on a combined 9,220 SF lot. Surrounded by new developments in a gentrifying location, this is a rare opportunity to add value through modern renovations and strategic improvements.
Sold for $1,090,000 on 03/27/25
$1,090,000
1185 SW 16th Ave, Fort Lauderdale, FL 33312
8beds
8baths
1,502sqft
Quadruplex
Built in 1988
-- sqft lot
$1,044,400 Zestimate®
$726/sqft
$2,000 Estimated rent
Home value
$1,044,400
$940,000 - $1.17M
$2,000/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 31, 2025 at 12:47pm
Listed by:
Rosa Poler 954-235-4046,
Optimar International Realty
Bought with:
Pedro Piquet Conde, 3555863
Top Tier International Realty, LLC.
Maria Gonzalez Alvarez, 3547098
Top Tier International Realty, LLC.
Source: MIAMI,MLS#: A11735110
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Electric
Cooling
- Electric
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 1,502
- Total interior livable area: 1,502 sqft
Property
Parking
- Total spaces: 4
Features
- Stories: 2
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 504209130420
- Zoning: RD-15
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex
Materials
- Concrete Block Construction, Other
- Roof: Other
Condition
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Fort Lauderdale
- Subdivision: Riverside Park Add Amen P
Other
Other facts
- Listing terms: All Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2025 | Sold | $1,090,000-4.4%$726/sqft |
Source:  MIAMI #A11735110 | ||
| 2/3/2025 | Listed for sale | $1,140,000+436.5%$759/sqft |
Source: MIAMI #A11735110 | ||
| 9/8/2015 | Sold | $212,500-5.6%$141/sqft |
Source: Agent Provided | ||
| 8/16/2015 | Pending sale | $225,000$150/sqft |
Source: Land's End Property Group LLC #A2106406 | ||
| 4/30/2015 | Listed for sale | $225,000+73.1%$150/sqft |
Source: Lands End Property Group LLC #A2106406 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Riverside Park
Nearby schools
GreatSchools rating
- 6/10Croissant Park Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 5/10New River Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10Stranahan High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value
$1,044,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,044,400