# 824 NE 16 Th Street, Fort Lauderdale, FL

> The commercial property at 824 NE 16 Th Street is available for $1,229,000. Call one of our commercial agents for more information.

- Price: $1,229,000
- Status: Active
- Property Type: Commercial/Industrial
- MLS ID: B26096945
- Photo: https://dvvjkgh94f2v6.cloudfront.net/523fa3e6/569975211/83dcefb7.jpeg?updated=1793927051

## Description

GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN FORT LAUDERDALE! Well-maintained 5-unit multifamily property generating $9,150 in monthly rental income and $109,800 annually! Featuring one 2-bedroom/2-bathroom unit and four 1-bedroom/1-bathroom units. Each unit includes 2 parking spaces. Four of the five units have been updated. Newer roof. New electrical panels completed in 2026. Currently owner-managed with an estimated 6.11% cap rate. Excellent opportunity to acquire a strong income-producing asset in a desirable Fort Lauderdale location.

## Attribution

Copyright 2026 MIAMI REALTORS® MLS.
  IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.


MIAMI REALTORS® MLS data last updated on November 06, 2026 02:51 AM - ET

Property last updated: November 06, 2026 02:51 AM - ET.