Renovated Furnished 4-Plex with
1109 NE 16th Ter Fort Lauderdale, FL 33304
1109 NE 16th Ter, Fort Lauderdale, FL, 33304
$1,355,000
For Sale
$1,355,000
MULTI_FAMILY - Other - Fort Lauderdale, FL
Property Size2,276 SF
Price / SF$595.34
Days on Market34
Property Features for 1109 NE 16th Ter
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 5
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2
- Parking
- 5
- Standard status
- Active
- APN
- 494234043630
- Size
- 2,276 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PROGRESSO 2-18 D LOT 10 BLK 157
- Tax Annual Amount
- 21429
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
LoKation
(954) 545-5583
1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL
Listed by
Rebecca Guy PA · License #3363179
(954) 908-9131
Added: Jun 16 Checked: Jul 19 at 12:06 pm
MLS# A12022835
Listing URL
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated, turnkey furnished 4-plex offers a straightforward setup for multi-unit operations, with each unit equipped with a washer and dryer. The property also includes hurricane impact windows, along with on-site amenities designed for guest or tenant comfort, including a pool. For added security, there is a security gate and cameras.
Located at 1109 NE 16th Ter in Fort Lauderdale, the property is positioned for easy access to coastal and urban destinations, with the beach and downtown listed as within about 2 miles. The remarks also note nearby shopping and everyday conveniences, including Publix and Galleria Mall.
With furnished interiors and in-unit laundry, this configuration may appeal to operators seeking a short-term rental-ready layout, as well as buyers looking for a hands-on, turnkey multi-family asset. The combination of hurricane impact windows, pool amenity, and security features supports a practical, guest-friendly presentation, while the multi-unit structure provides multiple separate living spaces within a single property.
Located at 1109 NE 16th Ter in Fort Lauderdale, the property is positioned for easy access to coastal and urban destinations, with the beach and downtown listed as within about 2 miles. The remarks also note nearby shopping and everyday conveniences, including Publix and Galleria Mall.
With furnished interiors and in-unit laundry, this configuration may appeal to operators seeking a short-term rental-ready layout, as well as buyers looking for a hands-on, turnkey multi-family asset. The combination of hurricane impact windows, pool amenity, and security features supports a practical, guest-friendly presentation, while the multi-unit structure provides multiple separate living spaces within a single property.
Key Highlights
- 4‑plex with a pool and hurricane impact windows
- Washer and dryer included in each unit
- Security gate and cameras on site
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.4k | $25.20 |
| − Vacancy | −$3.2k | −$1.39 |
| EGI | $54.2k | $23.81 |
| − OpEx | −$16.3k | −$7.14 |
| NOI | $37.9k | $16.67 |
2,276 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$542.0K
$474.3K – $632.3K
NOI $37,940 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$488.2K
$427.2K – $569.6K
NOI $34,177 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,063 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Latinlimos
Freight Service
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey furnished 4-unit property with pool and hurricane impact windows, each with in-unit washer/dryer.
Where is this quadplex located?
The property is located at 1109 NE 16th Ter Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,355,000.
What are key features of this property?
This property features: 4‑plex with a pool and hurricane impact windows; Washer and dryer included in each unit; Security gate and cameras on site
