Quadruplex in 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304 with MLS# R11132122
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.
1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304
Price
- Price:
- $750,000.00
- Original List Price:
- $799,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $177.59
- Close Price:
- $585,000.00
- Transaction closed on:
- April 14, 2026
Lease Details
- Tenant Pays:
- Electricity
Property Status and Type
- Listing Type:
- Sold
- Status:
- Closed
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- April 16, 2026 3:37 pm
Rooms Distribution
- Bathrooms Total:
- 4
Measures
- Living Area:
- 4,223 Sqft
- Built-Up Area:
- 6,753 Sqft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 0.16
Property Features
- Waterfront:
- No
- Patio and Porch:
- Patio, Deck, Patio - Covered, Patio - Open
- Air Conditioning
- Air Conditioning System:
- Ceiling Fan(s), Wall/window Unit(s)
- Heating
- Heating System:
- Other
Construction
- Year Built:
- 1960
- Roof:
- Other
- Number of Units Total:
- 4
- Levels:
- Two
- Construction Materials:
- Frame
- Flooring:
- Tile
- Structure Type:
- Fourplex (Quadruplex)
- Number of Units in the Community or Building:
- 4
- Stories:
- 2
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $15,157.00
- Tax Year:
- 2024
- Property Tax Details:
- No Homestead
Utilities
- Sewer:
- Public Sewer
- Electric:
- Three Phase
- Utilities Available:
- Cable Available, Sewer Available, Water Available
- Water Source:
- Public
Community
- Subdivision Name:
- Progresso
- Senior Community:
- No
- Restrictions:
- No Restrictions
Terms
- Documents Available:
- Other
- Listing Terms Considered by Seller:
- Cash, Other
- Buyer Possession:
- Negotiable
- Negotiable Seller Concessions
Zoning and Legal
- Tax Legal Description:
- PROGRESSO 2-18 D LOT 6 BLK 170
- Real Estate Folio Number (Parcel Number):
- 494234045650
- Zoning:
- RMM-25
Listing History
- Active on the market since:
- October 28, 2025
- Listing Agreement executed on:
- October 14, 2025
- Purchase Contract Date:
- January 25, 2026
- Price change occurred on:
- December 7, 2025 2:54 pm
- Listing Status Last Changed On:
- April 16, 2026 3:36 pm
- Photos updated on:
- December 23, 2025 8:24 pm
- Last Modified:
- August 17, 2026 6:05 am
Additional Information
- Courtesy of:
- CENTURY 21 Tenace Realty
- Attribution:
- Not provided
Location
- Street Name:
- 16
- Street Number:
- 1025-1027
- City:
- Fort Lauderdale
- State:
- Florida
- Zip Code:
- 33304
- County:
- Broward
- Latitude:
- N26° 8' 17.8''
- Longitude:
- W81° 52' 22.6''
- Street Suffix:
- Terrace
- Street Direction Prefix:
- NE
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$84,951
Median Home Value
$556,400
Median Rent
$1,727/mo
Median Age
46
Population
18,566
Ver la propiedad 1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304
This listing can also be located in the MLS system as RX-11132122
