Four-Unit Residential Income
301 SW 16th Street Fort Lauderdale, FL 33315
301 SW 16th Street, Fort Lauderdale, FL, 33315
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For Sale
Contact for pricing
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 Market55
Property Features for 301 SW 16th Street
General Information
- Standard status
- Active
- Size
- 2,530 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing Agency
Compass Florida LLC
Listed by
David Carlton · License #3245910
Source
Crexi
Added: May 24 Checked: Jul 16 at 12:15 pm
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
Investment Insights
Based on property information with market context.
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
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 | $63.8k | $25.20 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $60.2k | $23.81 |
| − OpEx | −$18.1k | −$7.14 |
| NOI | $42.2k | $16.67 |
2,530 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
iSmile Dental Practice
Dental Office
Dr. Federico Perez
Dental Office
Fort Lauderdale Dental ...
Dental Office
Kodish-Perez Dental Group
Dental Office
GARY S KODISH ...
Dental Office
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FAQs
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 SW 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
