Four-Unit Residential Income
For Sale
$875,000
301 Southwest 16th Street, Fort Lauderdale, FL 33315
Four units with 3-bedroom, 2-bath layouts and in-unit kitchens and laundry for group and short-term housing use.
Property Size2,530 SF
Price / SF$345.85
Days on Market151
Property Features for 301 Southwest 16th Street
General Information
Standard status
Active
Size
2,530 SF
Property subtype
Residential Income / Duplex
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,357
Amenities
No
Ceiling Fan(s), Central Individual
Other
1.0
Tile
Irrigation Equipment
1
2
Courtyard
3
Block
One
Shingle
Full, Gate, Privacy
Duplex
Courtyard, Barbecue
Building Details
Year Built
2004
Stories
1
Tenancy
Multi
Listing Agency:
Compass Florida LLC
Listed By:
David R Carlton · License #3245910
(954) 903-8114
Source:
Compass
Added: May 19
Changed: Oct 15
Last Checked: Oct 15 at 1:28AM
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 Compass Florida LLC
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Investment Insights
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This for-sale, four-unit residential income property consists of two tandem addresses and delivers a consistent 3/2 floor plan in each unit. Every unit includes a spacious open living and dining area, a full kitchen, and in-unit laundry, along with oversized bedrooms designed for group housing flexibility. The master bedroom in each unit accommodates a king-size bed and includes an ensuite bath, while the two additional bedrooms offer large closets and versatile layouts for king or twin bed configurations. The overall arrangement separates the master from the other two bedrooms through the living/dining area, supporting both privacy and shared space.
Set in Croissant Park, the property is described as being just minutes from downtown Las Olas Boulevard and Fort Lauderdale beaches. The buildings are enclosed by a full privacy fence and include dedicated off-street parking for residents.
Designed to support specialized group housing, the asset is currently operating as a short-term hub for yachting crew members and is described as fully managed as part of a turnkey operation. For an owner seeking a hands-on approach, the infrastructure and unit layout are positioned to support a transition to self-management. Across the two buildings, the configuration totals 12 bedrooms, creating a straightforward platform for operators looking for a managed, bedroom-focused residential income setup.
Set in Croissant Park, the property is described as being just minutes from downtown Las Olas Boulevard and Fort Lauderdale beaches. The buildings are enclosed by a full privacy fence and include dedicated off-street parking for residents.
Designed to support specialized group housing, the asset is currently operating as a short-term hub for yachting crew members and is described as fully managed as part of a turnkey operation. For an owner seeking a hands-on approach, the infrastructure and unit layout are positioned to support a transition to self-management. Across the two buildings, the configuration totals 12 bedrooms, creating a straightforward platform for operators looking for a managed, bedroom-focused residential income setup.
Key Highlights
- 2004‑built property selling as a tandem portfolio: 301 & 305 SW 16th St on 2 lots with 4 total units
- Four units total with 3 bedroom/2 bath split floor plans featuring open living and dining areas
- Each unit includes a full kitchen and in‑unit laundry for residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,175
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,500
$843.5K
Cap Rate 7%
$602,500
$602.5K
Cap Rate 9%
$468,611
$468.6K
Market Conditions
NOI Build-Up for 2,530 SF
Gross rent
$63.8K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.2K $23.81/SF
− OpEx
−$18.1K −$7.14/SF
NOI
$42.2K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,500
Cap Rate 7%
$602,500
Cap Rate 9%
$468,611
Alternative Uses
Best Use
Multifamily LT 5
$602.5K
$527.2K – $702.9K
NOI $42,175 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$542.7K
$474.9K – $633.2K
NOI $37,991 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,011 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,951
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four units with 3-bedroom, 2-bath layouts and in-unit kitchens and laundry for group and short-term housing use.
Where is this quadplex located?
The property is located at 301 Southwest 16th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2004‑built property selling as a tandem portfolio: 301 & 305 SW 16th St on 2 lots with 4 total units; Four units total with 3 bedroom/2 bath split floor plans featuring open living and dining areas; Each unit includes a full kitchen and in‑unit laundry for residents
