Multifamily in Fort Lauderdale, FL 33316

Chelsea Residences, 405 SE 23rd St #1-3

3 1/1 units. currently vacant. 405-407 SE 23rd St #1-3 sits on a 6,824 sq ft lot with RMM-25 zoning, offering strong multifamily flexibility and long-term upside. The property includes roughly 1,650 sq ft of existing living area across multiple units, giving you immediate rental potential while planning renovations or repositioning. The location is unbeatable—minutes from Downtown, Las Olas, FLL Airport, Port Everglades, beaches, and major employment centers. This area has strong year-round rental demand and limited investor inventory, making it ideal for a value-add, mid-term rental strategy, or long-term hold. With solid zoning, a large lot, and multiple paths to increase value, this is a rare opportunity in the 33316 submarket. Easy to show and ready for your vision.