1025-1027 NE 16 Terrace
    Fort Lauderdale, FL, 33304
    $750,000
    Beds
    4 Baths
    4,223 SqFt
    0.16 Acres
    Add
    MLS #R11132122 image #0
    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.
    Listing Provided Courtesy of CENTURY 21 Tenace Realty at 561-740-2100

    Property Details

    Price:
    $750,000
    MLS #:
    R11132122
    Status:
    Active Under Contract
    Beds:
    0
    Baths:
    4
    Type:
    Multi Family
    Subtype:
    Quadruplex
    Subdivision:
    Progresso
    Neighborhood:
    3380
    Listed Date:
    Oct 28, 2025
    Finished Sq Ft:
    4,223
    Total Sq Ft:
    6,753
    Lot Size:
    294,160,680 sqft / 0.16 acres (approx)
    Year Built:
    1960
    Units:
    4
    Progresso

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    Schools

    Interior

    Cooling
    Ceiling Fan(s), Wall/Window Unit(s)
    Flooring
    Tile
    Heating
    Other

    Exterior

    Association Amenities
    None
    Construction Materials
    Frame
    Patio And Porch Features
    Patio, Deck, Patio – Open, Patio – Covered
    Roof
    Other
    Stories
    2
    Waterfront Features
    None

    Financial

    Net Operating Income
    $76,000
    Tax Year
    2024
    Taxes
    $15,157

    Map

    Community

    Subdivisions in Fort Lauderdale

    Market Summary

    Current real estate data for Multi Family in Fort Lauderdale as of Apr 02, 2026
    111
    Multi Family Listed
    156
    Avg DOM
    455
    Avg $ / SqFt
    $1,030,735
    Avg List Price

    Property Summary

      Located in the Progresso subdivision, 1025-1027 NE 16 Terrace Fort Lauderdale FL is a Multi Family for sale in Fort Lauderdale, FL, 33304. It is listed for $750,000 To schedule a showing of MLS#r11132122 at 1025-1027 NE 16 Terrace in Fort Lauderdale, FL, contact your Stonecrest International Realty agent at 561-707-9933.

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    disclosure
    Courtesy of CENTURY 21 Tenace Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broward, Palm Beaches & St. Lucie Realtors®. Detailed information about real estate listings held by brokerage firms other than Stonecrest International Realty include the name of the listing broker. Neither the listing company nor Stonecrest International Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Broward, Palm Beaches & St. Lucie Realtors®. All rights reserved.
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    1025-1027 NE 16 Terrace
    Fort Lauderdale, FL