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1215-1217 NE 16th AveFort Lauderdale, FL 33304

For Sale

$875,000

Smart Buyer Rebate $8,750

Exceptional Investment Opportunity – Zoned RM-15 in Lake Ridge/ Progresso

Not your average duplex! This income-producing property is located in the heart of Fort Lauderdale’s Lake Ridge/ Progresso neighborhood and offers significant future development potential. Zoned RM-15, it allows for up to 8 units. Each unit includes its own oversized, fenced backyard, providing rare privacy and outdoor space in a multifamily setting. Split and private main entry for Tenants or Owner/ Tenant

Property is tenant-occupied and generating income. Ideal for investors looking to hold or redevelop in one of Fort Lauderdale’s most desirable locations—just minutes from Las Olas, the beach, and downtown.

Listed by Stephanie Pinder

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License #3316883

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Relux Realty Group - FTL

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805-907-5847

Last updated July 27, 2025

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Source: MIAMIRE #A11809897

Listing Facts

  • TypeMulti-family
  • NeighborhoodLake Ridge
  • Days on Prevu102
  • Taxes$12,158/year
  • Size2,210 sqft
  • Price per sqft$396

Amenities

  • Private Outdoor Space
  • Pets Allowed
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

06/17/2025
Price Decreased
$875,000
05/28/2025
Listed by Relux Realty Group - FTL
$925,000

Property Details for 1215-1217 NE 16th Ave

Association

General

  • Number Of Units In Community: 2

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Shingle
  • Stories: 1
  • Stories Total: 1
  • Structure Type: Duplex
  • Year Built: 1958
  • Year Built Details: Resale
  • Architectural Style: Detached
  • Building Name: PROGRESSO
  • Construction Materials: Concrete Block Construction
  • Exterior Features: Fruit Trees, Room For Pool

Features

  • Fencing: Fenced
  • Patio And Porch Features: Patio

Measurements

  • Building Area Total: 2,188
  • Building Area Units: Square Feet
  • Lot Features: Less Than 1/4 Acre Lot
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 494234029200
  • Tax Annual Amount: $12,158.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Ceramic Floor

Measurements

  • Living Area: 2,210
  • Living Area Units: Square Feet

Other

Location

  • Subdivision Name: PROGRESSO

Parking

Parking

  • Parking Total: 4

Utilities

Equipment

  • Cooling: Ceiling Fan(s), Central Air
  • Has Cooling: Yes
  • Heating: Central, Electric
  • Has Heating: Yes
  • Sewer: Public Sewer

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.