Multifamily in Fort Lauderdale, FL 33304Lake Ridge, 1025 NE 16th Ter
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Closed
4,223
SqFtStatus
Sold - Apr 14, 2026
Size
4,223 SqFt (392 m2)
Price
$139/SqFt ($1,491/m2)
Type
Multifamily
Built
1960
MLS Number
R11132122
On Site
332 Days
Updated
2 Days ago
Page Views
0
Don't miss this great investment opportunity in Lake Ridge! This Quadplex needs work to become an updated property. It is currently rented & offers strong income potential. Or, if preferred, it can be quickly readied for tear down. It's in a prime walkable location near downtown, beaches, shopping, and dining. The lot includes two buildings: a one-story with two 1/1s, and a two-story with two 2/1s, one of which has 25 feet ceilings. Each unit features a private yard or patio. Each building has separate water meters, and each unit has its own electric meter. Please do not disturb tenants or walk the property without an appointment.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: OutdoorLivingArea
Interior, Heating and Cooling
- Heating Description: Other
- Cooling Description: CeilingFans, WallWindowUnits
Building and Construction
- Floor Description: Tile
- Construction Type: Quadruplex
- Year Built: 1960
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-10-14T10:33:48.000-00:00
Taxes, Fees & More
- Taxes: 15157
- Total Units in Building: 4
- Total Units in Complex: 4
Apples-to-Apples Comparables
Price History
Current
$585K
High
$750K
Low
$585K
Total Change
-22%Date
Event
Price
Change
Price Per
04/14/2026
Sold
$585K
0%$139 ft2
$1,491 m2
04/14/2026
Price Reduced
$585K
0%$139 ft2
$1,491 m2
12/07/2025
Price Reduced
$585K
-22%$139 ft2
$1,491 m2
12/07/2025
Listed
$750K
 $178 ft2
$1,912 m2
04/14/2026
$585K
Event
Sold
Change
0%Price Per
$139 ft2
$1,491 m2
04/14/2026
$585K
Event
Price Reduced
Change
0%Price Per
$139 ft2
$1,491 m2
12/07/2025
$585K
Event
Price Reduced
Change
-22%Price Per
$139 ft2
$1,491 m2
12/07/2025
$750K
Event
Listed
Price Per
$178 ft2
$1,912 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Debra Temkin • CENTURY 21 Tenace Realty • Buyer Agency Compensation .
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Scores
81
100
38
100
57
100
77
100
0
100
29
100
1
100
Community Snapshot
1 – 4 BR
Bedrooms
$145K – $1.6M
Price Tier
540 - 10,650
SqFt Range
2004
Year Build
2
Total Floors
Subdivision Amenities
None
Pool
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