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806 NE 16th Place # 8, Fort Lauderdale FL 33305

Commercial For Sale
$2,450,000

BTC: 38.13229572

ETH: 1,287.68448051

72 days
0 room(s)

Overview

Exceptional prime investment opportunity in a highly desirable Fort Lauderdale location just steps from Wilton Manors and vibrant Wilton Drive. This well-maintained 8-unit multifamily property features spacious 2-bedroom, 1-bath units with large bedrooms, terrazzo floors, impact windows, and more. The property enjoys strong year-round occupancy and includes a common laundry area that generates additional income. Current leases do not include water, offering a new owner the opportunity to further increase revenue potential. Ideal for investors seeking flexibility, this property presents the opportunity to operate as a combination of short-term furnished rentals and long-term annual leases. Conveniently located just a few miles from the beach, shopping, dining, and major highways.

Location

Details

Type:
Commercial Sale
Parking:
Assigned / Limited # Of Vehicle
Year Built:
1970
Lot:
0.25 Acres
Heating:
Window/Wall
Price/sqft:
No Data
Cooling:
Ceiling Fan(s) / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,180,000
$324K – $4.5M
Confidence Low
List vs. estimate
$1.3M above estimate
List $2,450,000 · +107.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
77 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$25,362
2025
Parking
9 spaces
All facts and features
  • Flooring

    • Terrazzo

    • Tile

    • Wood

    Heating

    • Window/Wall

    Cooling

    • Ceiling Fan(s)

    • Wall/Window Unit(s)

  • Parking

    • Assigned

    • Limited # Of Vehicle

    Property

    • Levels: 2

    Lot

    • Lot: 0.25 Acres

    Other Property Information

    • Parcel Number: 494235040770

    • Zoning: RDS-15

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Connected

    • Other Utilities Available

    • Electricity Available

    • Other

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $25,362

  • Source details

    • MLS ID: B26031058

    Other facts

    • Construction Materials: Stucco

    • Lot Features: City Location / Interior Lot / Sprinklers / Fenced

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Gibson Real Estate Services