Multifamily in Fort Lauderdale, FL 33304Lake Ridge, 1215 NE 16th Ave
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Closed
2,210
SqFtStatus
Sold - Nov 14, 2025
Size
2,210 SqFt (205 m2)
Price
$348/SqFt ($3,750/m2)
Type
Multifamily
Built
1958
MLS Number
A11809897
On Site
471 Days
Updated
14 Days ago
Page Views
0
Exceptional Investment Opportunity – Zoned RM-15 in Lake Ridge/ Progresso
Not your average duplex! This income-producing property is located in the heart of Fort Lauderdale’s Lake Ridge/ Progresso neighborhood and offers significant future development potential. Zoned RM-15, it allows for up to 8 units. Each unit includes its own oversized, fenced backyard, providing rare privacy and outdoor space in a multifamily setting. Split and private main entry for Tenants or Owner/ Tenant
Property is tenant-occupied and generating income. Ideal for investors looking to hold or redevelop in one of Fort Lauderdale’s most desirable locations—just minutes from Las Olas, the beach, and downtown.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: Fence, FruitTrees, SecurityHighImpactDoors, Patio, RoomForPool
Interior, Heating and Cooling
- Heating Description: Central,Electric
- Cooling Description: CentralAir, CeilingFans
Building and Construction
- Floor Description: CeramicTile
- Year Built: 1958
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-05-28T10:53:06.000-00:00
Taxes, Fees & More
- Taxes: 12158
Apples-to-Apples Comparables
Price History
Current
$770K
High
$925K
Low
$770K
Total Change
-16.8%Date
Event
Price
Change
Price Per
11/14/2025
Sold
$770K
0%$348 ft2
$3,750 m2
10/10/2025
Price Reduced
$770K
-3.63%$348 ft2
$3,750 m2
10/10/2025
Price Reduced
$799K
-5.89%$362 ft2
$3,892 m2
09/19/2025
Price Reduced
$849K
-2.97%$384 ft2
$4,135 m2
06/16/2025
Price Reduced
$875K
-5.41%$396 ft2
$4,262 m2
05/26/2025
Listed
$925K
$419 ft2
$4,505 m2
11/14/2025
$770K
Event
Sold
Change
0%Price Per
$348 ft2
$3,750 m2
10/10/2025
$770K
Event
Price Reduced
Change
-3.63%Price Per
$348 ft2
$3,750 m2
10/10/2025
$799K
Event
Price Reduced
Change
-5.89%Price Per
$362 ft2
$3,892 m2
09/19/2025
$849K
Event
Price Reduced
Change
-2.97%Price Per
$384 ft2
$4,135 m2
06/16/2025
$875K
Event
Price Reduced
Change
-5.41%Price Per
$396 ft2
$4,262 m2
05/26/2025
$925K
Event
Listed
Price Per
$419 ft2
$4,505 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Stephanie Pinder • Relux Realty Group - FTL • 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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- 49th Street Townhomes Townhouse0
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- 900 Place Townhouse0
- Aldens Mixed1
- Allenwood Multifamily2
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- Bal Harbour Mixed5
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- Grandeur Townhouse0
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Lake Ridge Communities in Fort Lauderdale, FL
Mid-Tier
Mid-Tier 4
Premium
Premium 2
Entry-Level
Entry-Level 4
Inactive Segment
Inactive Segment 2
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