BreakThru Realty

824 NE 16TH Street, Fort Lauderdale, FL 33304

$1,229,000 · $368 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $1,229,000
  • Price per sq ft: $368
  • Building size: 3,344 sq ft
  • Lot size: 9,757 sq ft
  • Zoning: RS-8
  • Year built: 1970
  • Units: 5
  • Stories: 1
  • Parking spaces: 12
  • Parcel ID: 494235041000
  • MLS#: B26096945
0363617C-B9EB-4F95-8EA3-C0BBF0A1F38E at 824 NE 16TH Street, Fort Lauderdale1DEB62B9-8C5A-4CB4-8A0E-A03D7086211B at 824 NE 16TH Street, Fort Lauderdale7D7C2D66-9616-44F2-9526-046D1149F305 at 824 NE 16TH Street, Fort Lauderdale27FB1B1E-51A0-46B9-9791-18012DE47A03 at 824 NE 16TH Street, Fort LauderdaleCB763A76-9093-441E-87B9-D6F92092C331 at 824 NE 16TH Street, Fort Lauderdale6CDF71E5-6C41-4869-B3F7-F78798BD4713 at 824 NE 16TH Street, Fort Lauderdale3ADBCA2C-6B16-4655-A70B-5ACE1DBBE192 at 824 NE 16TH Street, Fort Lauderdale6DE7FCFC-BE12-417A-880E-2B482F431CDE at 824 NE 16TH Street, Fort Lauderdale

About this property

GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Well-maintained 5-unit multifamily property generating $9,150 in monthly rental income and $109,800 annually! Featuring one 2-bedroom/2-bathroom unit and four 1-bedroom/1-bathroom units. Each unit includes 2 parking spaces. Four of the five units have been updated. Newer roof. New electrical panels completed in 2026. Currently owner-managed with an estimated 6.11% cap rate. Excellent opportunity to acquire a strong income-producing asset in a desirable Fort Lauderdale location.

Building Features and Utilities

  • Cable Available
  • Electricity Available
  • Sewer Available
  • Water Available
  • Brick
  • CBS

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
1 Bedroom41 / 1—$9,150/mo—
2 Bedroom12 / 2—$9,150/mo—

5 units. Reported rent $549,000 a year ($45,750 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Property taxes$15,222/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Inbal Ruiz · ruizinbal@gmail.com · Listing agent: Inbal Ruiz

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 824 NE 16TH Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Before You Make an Offer

Buying an apartment building

Selling an Apartment Building?

Multifamily buyers underwrite the rent roll, the occupancy, the expenses, the insurance and the capital needs, and many tell BreakThru Realty the size and location they are buying. If you own an apartment building, a broker can check it against those requirements before you list and prepare the operating history buyers and their lenders will ask for.

Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.

Find Out If We Have Your Buyer · Discuss Selling With BreakThru Realty

A potential match is a conversation, not an offer, until the buyer sees your property and makes one. No buyer is named and nothing about your property or business is shared until you decide to proceed.

Questions About 824 NE 16TH Street

How much is 824 NE 16TH Street?
824 NE 16TH Street is listed at $1,229,000, about $368 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 824 NE 16TH Street zoned?
The listing reports zoning of RS-8. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 824 NE 16TH Street?
The listing reports 3,344 square feet of building.
When was 824 NE 16TH Street built?
824 NE 16TH Street was built in 1970. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 824 NE 16TH Street?
The listing reports annual property taxes of $15,222 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 824 NE 16TH Street?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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