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5861 NE 18th Ave, Fort Lauderdale FL 33334

Multi-family For Sale
$1,200,000

BTC: 14.63414634

ETH: 493.42105263

2 days
0 room(s)
2,612 sqft

Overview

PRIME TURNKEY INVESTMENT IN CORAL RIDGE ISLES! Exceptional opportunity to own a fully occupied, income-producing fourplex in one of Fort Lauderdale's highly desirable neighborhoods. Generating $7,700 in monthly gross income and $92,400 annually, this meticulously maintained property features all four units occupied with signed lease agreements, providing immediate rental income from day one. Extensively renovated with major improvements already completed, including a newer roof (2020), private patios for each unit (2023), impact windows (2024), tankless water heaters (2024), renovated kitchens and bathrooms (2024), commercial Speed Queen washer and dryer (2024), replaced main sewer line (2025), and resurfaced parking lot (2026). Additional upgrades include exterior lighting and hurricane protection. Ideally situated in Coral Ridge Isles, less than 10 minutes from the beach, Downtown Fort Lauderdale, Pompano Beach, parks, schools, supermarkets, shopping, dining, and entertainment. With extensive upgrades, established rental income, and minimal maintenance requirements, this property offers the perfect combination of location, convenience, and investment potential. Whether you're expanding your portfolio or acquiring your first multifamily investment, this is an opportunity you don't want to miss! Owner financing available!

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1967
Lot:
No Data
Heating:
None
Price/sqft:
$459
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$974,950
$648K – $1.2M
Confidence Low
List vs. estimate
$225K above estimate
List $1,200,000 · +23.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$459
+11.2% vs. city median $413
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$15,234
2025
Parking
9 spaces
All facts and features
  • Flooring

    • Tile

    Heating

    • None

    Cooling

    • Wall/Window Unit(s)

  • Property

    • Exterior Features: Exterior Lights

    Other Property Information

    • Parcel Number: 494211061320

    • Zoning: RMM-25

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $15,234

  • Source details

    • MLS ID: A12104975

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Window Features: Clear Impact Glass / Partial Impact Glass / Partial Panel Shutters/Awnings / High Impact Windows / Impact Glass

    • Architectural Style: Attached / Ranch

    • Living Area: 2612

    • Water Source: Municipal Water

    • Subdivision Name: CORAL RIDGE ISLES,Coral Ridge Isles

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: Icon Realty Advisors LLC