Four-Unit Duplex
For Sale
$875,000
305 Southwest 16th Street, Fort Lauderdale, FL 33315
Four three-bedroom units include open living areas, full kitchens, and dedicated laundry.
Property Size2,530 SF
Price / SF$345.85
Days on Market162
Property Features for 305 Southwest 16th Street
General Information
Standard status
Active
Size
2,530 SF
Property subtype
Residential Income / Duplex
Site & Location
Neighborhood
Smlr
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,551
Amenities
full privacy fence
in-unit laundry
off-street parking
No
Ceiling Fan(s), Central Individual
Other
1.0
Tile
1
2
Courtyard
3
Block
One
Shingle
Full, Gate, Privacy
Duplex
Courtyard, Barbecue, Garden
Asphalt
Building Details
Year Built
2004
Buildings
2
Stories
1
Listing Agency:
Compass Florida LLC
Listed By:
David R Carlton · License #3245910
(954) 903-8114
Source:
Compass
Added: May 15
Changed: Oct 15
Last Checked: Oct 20 at 11:18PM
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
Based on property information with market context.
This offering combines 301 SW 16th Street and 305 SW 16th Street across two lots, with four total units. Each unit provides a three-bedroom, two-bath layout with an open living and dining area, full kitchen, and laundry. The floor plans separate the primary bedroom from the two additional bedrooms, and each primary suite includes a private bathroom. The property was built in 2004 and has 12 bedrooms in total.
A full privacy fence encloses the property, while dedicated off-street parking supports resident access. The units are currently configured for specialized group housing serving yachting crew members and are under professional management. The properties are located in Croissant Park near downtown Fort Lauderdale, Las Olas Boulevard, and Fort Lauderdale’s beaches.
A full privacy fence encloses the property, while dedicated off-street parking supports resident access. The units are currently configured for specialized group housing serving yachting crew members and are under professional management. The properties are located in Croissant Park near downtown Fort Lauderdale, Las Olas Boulevard, and Fort Lauderdale’s beaches.
Key Highlights
- Four units across two lots at 301 and 305 SW 16th Street
- Each unit offers 3 bedrooms and 2 bathrooms
- 12 total bedrooms across the two buildings
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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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,602
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Four three-bedroom units include open living areas, full kitchens, and dedicated laundry.
Where is this duplex located?
The property is located at 305 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: Four units across two lots at 301 and 305 SW 16th Street; Each unit offers 3 bedrooms and 2 bathrooms; 12 total bedrooms across the two buildings
