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Updated 5-Unit Apartment Building
For Sale
Contact for pricing
Pending

1324 NE 16th Ave, Fort Lauderdale, FL 33304

Renovated multifamily property with modern kitchens, hurricane-rated openings, and separate electric metering for each residence.

Property SizeContact for details
Days on Market145

Property Features for 1324 NE 16th Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Gross Income $108,000
Multifamily Units 5
Listing Agency: The Keyes Company Fort Lauderdale
Listed By: Sandra Panesso · License #3246879
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Sep 3 at 7:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company Fort Lauderdale

Investment Insights

Based on property information with market context.

This conforming five-unit apartment property has undergone comprehensive updates across the residences. Improvements include refreshed kitchens with granite countertops and stainless steel appliances, tile flooring, and hurricane windows and doors. Each unit is served by its own electric meter, supporting separate utility management. Most residences are currently leased on a month-to-month basis.

The property is located at 1324 NE 16th Ave in Fort Lauderdale, within the Poinsettia Heights neighborhood of East Fort Lauderdale. Its multifamily configuration and updated interiors provide a straightforward apartment-building layout with individually metered units.

Key Highlights

  • Conforming legal five‑unit apartment property
  • All units updated with granite‑counter kitchens and stainless steel appliances
  • Hurricane windows and doors throughout the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Food Market Daycare Center Grocery & Convenience Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,531
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated multifamily property with modern kitchens, hurricane-rated openings, and separate electric metering for each residence.
Where is this apartment building located?
The property is located at 1324 NE 16th Ave Fort Lauderdale, FL.
What are key features of this property?
This property features: Conforming legal five‑unit apartment property; All units updated with granite‑counter kitchens and stainless steel appliances; Hurricane windows and doors throughout the property
(561) 929-3722 Call to check price and availability
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