Exceptional Investment Opportunity – Zoned RM-15 in Lake Ridge/ Progresso Not your average duplex! This income-producing property is located in the heart of Fort Lauderdale’s Lake Ridge/ Progresso neighborhood and offers significant future development potential. Zoned RM-15, it allows for up to 8 units. Each unit includes its own oversized, fenced backyard, providing rare privacy and outdoor space in a multifamily setting. Split and private main entry for Tenants or Owner/ Tenant Property is tenant-occupied and generating income. Ideal for investors looking to hold or redevelop in one of Fort Lauderdale’s most desirable locations—just minutes from Las Olas, the beach, and downtown.
For sale
Price cut: $50K (6/17)
$875,000
1215-1217 NE 16th Ave, Fort Lauderdale, FL 33304
4beds
4baths
2,210sqft
Est.:
Duplex
Built in 1958
-- sqft lot
$-- Zestimate®
$396/sqft
$-- HOA
What's special
Oversized fenced backyardOutdoor space
- 41 days
- on Zillow |
- 280 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 03:16pm
Listed by:
Stephanie Pinder 805-907-5847,
Relux Realty Group - FTL
Source: MIAMI,MLS#: A11809897
Originating MLS: A-Miami Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Ceiling Fan(s), Central Air
Features
- Flooring: Ceramic Tile
- Doors: High Impact Doors
Interior area
- Total structure area: 2,188
- Total interior livable area: 2,210 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Room For Pool
- Fencing: Fenced
Lot
- Features: Less Than 1/4 Acre Lot
- Residential vegetation: Fruit Trees
Details
- Parcel number: 494234029200
- Zoning: RC-15
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Concrete Block Construction
- Roof: Shingle
Condition
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Progresso
HOA
- Has HOA: No
Location
- Region: Fort Lauderdale
Financial & listing details
- Price per square foot: $396/sqft
- Annual tax amount: $12,158
- Date on market: 5/28/2025
- Listing terms: All Cash,Conventional,FHA
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