Property 1301 NE 16TH Terrace 1-9, Fort Lauderdale, FL 33304 for sale with MLS# B26052973
Positioned in one of Fort Lauderdale's fastest-growing neighborhoods, 1301-1305 NE 16th Terrace presents an outstanding opportunity to acquire a well-located 9-unit multifamily property surrounded by significant new development and ongoing neighborhood revitalization. The property offers a desirable unit mix consisting of: 1- 2BD 1BA, 1- 2BD BA, 7- 1BD 1BA residences. Its prime location places residents just minutes from Fort Lauderdale Beach, Downtown Fort Lauderdale, Las Olas Boulevard, and Wilton Manors, while providing quick access to I-95, US-1, shopping, dining, entertainment, and major employment centers. This highly connected location continues to attract strong rental demand from professionals, seasonal residents, and those seeking the South Florida lifestyle. The surrounding area is experiencing substantial investment, with numerous luxury residential and mixed-use developments transforming the neighborhood and supporting long-term appreciation potential. Investors will benefit from owning an income-producing asset in a market where continued redevelopment and limited housing supply continue to drive demand. Whether you're looking to expand your multifamily portfolio, execute a value-add strategy, or secure a long-term hold in one of South Florida's most dynamic growth corridors, 1301-1305 NE 16th Terrace offers an exceptional combination of location, unit mix, and future upside. Don't miss the opportunity to invest in a property positioned at the center of Fort Lauderdale's continued growth and redevelopment.
1301 NE 16TH Terrace 1-9, Fort Lauderdale, FL 33304
- Price:
- $2,400,000.00
- Original List Price:
- $2,600,000.00
- Tenant Pays:
- Electricity, Cable Tv, Interior Electric
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Business Type:
- Other
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- August 31, 2026 5:11 pm
- Built-Up Area:
- 2,806 Sqft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 0.26
- Security:
- Smoke Detector(s), Fire Alarm
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s)
- Heating
- Heating System:
- Central
- Fence:
- Fenced, Full
- Road Responsibility:
- Public Maintained Road
- Sprinkler Description:
- Auto Sprinkler, None
- Year Built:
- 1949
- Year Built Details:
- Resale
- Roof:
- Shingle
- Number of Buildings:
- 2
- Number of Units Total:
- 9
- Construction Materials:
- CBS
- Flooring:
- Tile
- Number of stories:
- 1
- Road Frontage Type:
- City Street
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $36,775.72
- Tax Year:
- 2025
- Tax Assessed Value:
- $1,728,030.00
- Parking Total Spaces:
- 9
- Parking Features:
- Assigned, On Street
- Sewer:
- Public Sewer
- Electric:
- Separate Meters
- Utilities Available:
- Cable Available, Electricity Available, Sewer Available, Water Available
- Water Source:
- Public, Other
- Senior Community:
- No
- Documents Available:
- Aerial Photo(s), Photos
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- PROGRESSO 2-18 D LOT 11,12 LESS S 15 BLK 90
- Real Estate Folio Number (Parcel Number):
- 494234028110
- Zoning:
- RC-15
- Active on the market since:
- July 16, 2026
- Listing Agreement executed on:
- July 16, 2026
- Price change occurred on:
- August 31, 2026 5:11 pm
- Listing Status Last Changed On:
- July 16, 2026 2:14 pm
- Photos updated on:
- July 16, 2026 2:43 pm
- Last Modified:
- August 31, 2026 5:12 pm
- Courtesy of:
- One Sotheby's International Realty
- Attribution:
- Not provided
- Road Surface Type:
- Asphalt
- Street Name:
- 16TH
- Street Number:
- 1301
- Unit Number:
- 1-9
- City:
- Fort Lauderdale
- State:
- Florida
- Zip Code:
- 33304
- County:
- Broward
- Latitude:
- N26° 8' 34.2''
- Longitude:
- W81° 52' 22''
- Street Suffix:
- Terrace
- Street Direction Prefix:
- NE
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 1301 NE 16TH Terrace 1-9, Fort Lauderdale, FL 33304
