10 photos
For SaleMulti Family

806 NE 16th Place 1-8, Fort Lauderdale, FL

Fort Lauderdale, FL

$2,450,000

Listing courtesy of Gibson Real Estate Services

0 ba

160 days on market Updated Oct 10, 2026

0

Bathrooms

0.25 acres

Lot size

1970

Year built

About 806 NE 16th Place 1-8, Fort Lauderdale, FL

Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.

Property

Property Type

Multi Family

Status

for-sale

Price

$2450000

Interior

Bathrooms

0

Exterior & Lot

Lot Size

0.25 acres

Year Built

1970

Finance & HOA

Original List Price

$2450000

Property Details

Property

ZoningRDS-15
Building name806
Business typeRental
On marketMay 19, 2026
Property typeCommercial Sale
Ownership typeLimited Partnership
Home typeMulti Family
Building featuresLaundry Facilities, Other
Living area6,606 sq ft
New constructionNo
Number of buildings1
Property conditionResale
Building area sourceAppraiser
Number of units total8
List dateMay 19, 2026
Number of units leased6
Contract status change dateMay 19, 2026
Number of separate electric meters9

Interior

CoolingCeiling Fan(s), Wall/Window Unit(s)
HeatingWindow/Wall
Stories2
FlooringTile, Terrazzo, Wood
CoolingYes
HeatingYes
Stories2
SecurityGated - No Guard, None

Exterior & Lot

RoofFlat, Tile
FencingBack Yard, Fenced, Gate, Privacy, Wood
Lot featuresInterior Lot
Lot size area10997
Lot size (acres)0.25
Parking total9
ParkingAssigned
Road surface typeAsphalt
Road frontage typeCity Street
ConstructionStucco, Concrete Block - With Stucco

Finance, Tax & HOA

Tax year2025
ElectricOther
PossessionClose Of Escrow
Tenant paysElectricity, Other, Water
Gross income$153,000
HOA fee$0
Annual taxes$25,362.83
Tax assessed value$1,135,550
Original list price$2,450,000
Tax legal descriptionLAUDERDALE PARK 6-33 1/2 B LOT 7,8 BLK 6
Special listing conditionsStandard

Price & status history

Status: For SaleMay 20, 2026
Last change (New listing)May 20, 2026

Utilities & Green

SewerPublic Sewer
UtilitiesElectricity Available, Other, Sewer Connected, Water Connected
WaterPublic

Location

DirectionsSUNRISE BLVD, TO NE 4TH AVE GO NORTH, THEN ON NE 16TH STREET GO EAST, THEN LEFT ON NE 8TH AVE, THEN RIGHT ON NE 16TH PL. PROPERTY ON THE RIGHT.
MLS area3370
MLS sub-areaFTNE - Ft Lauderdale NE (3240-3270;3350-3380;3440-3450;3700)

Additional Information

InclusionsBuilding, Leases
Listing termsCash, Conventional, Other
Occupant typeTenant
Parcel number494235040770
Approval statusYes
Listing serviceFull Service
Special licensesState License
Ceiling_co_ceilingOther
Delayed marketingNo
Road responsibilityPublic Maintained Road
Restrictions_co_restrictionsLimited # Vehicles

Tours & Media

Virtual tours

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Frequently asked questions

How many bathrooms does this home have?+

This home has 0 bathrooms.

How much does this home cost?+

This home is listed at $2450000.

What type of property is this?+

This is a multi family listing.

When was this home built?+

This home was built in 1970.

How large is the lot?+

The lot size is 0.25 acres.

Where is this home located?+

This home is located in Fort Lauderdale, FL.

Contact about this property

L

Lily

Mutti Real Estate

FL Lic. #3214903

Listing office contact: 954-909-0195

MLS# B26031058 · Last updated Oct 10, 2026