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7-Bedroom Duplex with Outdoor Living
New
For Sale
$1,350,000

1232 NE 16th Ter, Fort Lauderdale, FL 33304

Residential Income, Fort Lauderdale, FL

Property Size2,177 SF
Price / SF$620.12
Days on Market1

Property Features for 1232 NE 16th Ter

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description RC-15
Parking 6
Subdivision PROGRESSO
Lot features < 1/4 Acre
Directions Drive northeast on North Federal Highway/US 1. Left to NE 13th St. Turn left. Property is on the left.
Standard status Active
APN 494234028890
Size 2,177 SF

Additional Details

Currently Operating Yes

Taxes and HOA fees

Tax Year 2025
Tax Description PROGRESSO 2-18 D LOT 21 BLK 100
Tax Annual Amount 12179
Legal Description PROGRESSO 2-18 D LOT 21 BLK 100

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air

Amenities

decks
outdoor kitchen
patio
garden
Hardwood floors
Quartzite countertops
Rainfall showers
Marble driveways
unique outdoor lighting design
flower trees
pergola
sculptures
Impact windows and doors

Building Details

Year built 1952
Floors in Building 1
Flooring type Hardwood, Wood
Building materials Block, Frame, Stucco
Roof type Shingle
Buildings 2
Listing Agency: Beycome of Florida LLC
Listed By: Steven Koleno · License #3469487
Added: Oct 23 Last Checked: Oct 23 at 2:06PM
MLS# A12040060

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.

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Investment Insights

Based on property information with market context.

This 2,177-square-foot duplex comprises two independent homes with a combined seven bedrooms and five bathrooms. Built in 1952, the property has central air conditioning, central heating, impact windows and doors, and hardwood floors. Each residence has its own outdoor space: the four-bedroom home features two decks and an outdoor kitchen, while the three-bedroom home includes a patio and garden. Parking is provided for four vehicles at the larger home and two at the smaller one.

Both residences operate as licensed short-term rentals. The property is two blocks from Victoria Park and a four-minute drive from Central Beach, shopping malls and Las Olas. A survey is available to support splitting the two homes into separate folios.

Key Highlights

  • Two independent residences with 7 bedrooms and 5 bathrooms combined
  • 2,177 square feet; built in 1952
  • Licensed short‑term rentals in both homes

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,444
Businesses Nearby

Demographics for 33304, FL

19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two licensed short-term rental homes offer separate layouts, private outdoor areas and parking for both residences.
Where is this duplex located?
The property is located at 1232 NE 16th Ter Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two independent residences with 7 bedrooms and 5 bathrooms combined; 2,177 square feet; built in 1952; Licensed short‑term rentals in both homes
More about this property
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