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
·
License #3316883
·
Relux Realty Group - FTL
·
805-907-5847
Last updated July 27, 2025
·
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.
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.