Sold for $585,000

$585,000

1025-1027 NE 16 Terrace, Fort Lauderdale, FL 33304

5beds

4baths

4,223sqft

Quadruplex, Multi Family, Multi Family

Built in 1960

-- sqft lot

$585,400 Zestimate^®

$139/sqft

$3,596 Estimated rent

Home value

$585,400

$527,000 - $650,000

$3,596/mo

Zestimate^® history

Owner options

List your home for rent

$3,596/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$3,596/mo

Rent Zestimate^®

Refinance and save

$4,072/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$4,072/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Heating

Other

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Features

Flooring: Tile

Interior area

Total structure area: 6,753
Total interior livable area: 4,223 sqft

Property

Features

Levels: Two
Stories: 2
Patio & porch: Covered, Deck, Patio
Exterior features: Outdoor Living Area
Waterfront features: None

Lot

Size: 6,753 Square Feet
Features: < 1/4 Acre

Details

Parcel number: 494234045650
Zoning: RMM-25

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family, Multi Family

Materials

Frame
Roof: Other

Condition

Resale
New construction: No
Year built: 1960

Utilities & green energy

Electric: 3 Phase
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Sewer Available, Water Available

Community & HOA

Community

Subdivision: Progresso

HOA

Has HOA: No
Amenities included: None

Location

Region: Fort Lauderdale

Financial & listing details

Price per square foot: $139/sqft
Annual tax amount: $15,157
Date on market: 10/28/2025
Cumulative days on market: 95 days
Listing terms: Cash,Other
Tenant pays: Electricity

Price history

Date	Event	Price
4/14/2026	Sold	$585,000-22%$139/sqft
Source: BeachesMLS #R11132122 Report a problem
12/7/2025	Price change	$750,000-6.1%$178/sqft
Source: BeachesMLS #RX-11132122 Report a problem
10/14/2025	Price change	$799,000-27.4%$189/sqft
Source: BeachesMLS #RX-11132122 Report a problem
10/13/2025	Listed for sale	$1,100,000+22.4%$260/sqft
Source: MIAMI #A11894246 Report a problem
9/12/2025	Listing removed	$899,000$213/sqft
Source: BeachesMLS #RX-11062860 Report a problem
2/15/2025	Listed for sale	$899,000$213/sqft
Source: BeachesMLS #RX-11062860 Report a problem