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Sold
Sold on November 18, 2025
1020 NE 16th Ter
$579,000
$515,000
0 Beds
0 Baths
1,104 sqft
4 Parkings
Lot size
-
Annual Tax
$7,278
Occupancy
Contact Agent
Year Built
1951
Property type
Multifamily
#MLS
A11874270
Description
Redevelopment opportunity in the heart of Fort Lauderdale’s Lake Ridge neighborhood. This duplex sits on a 6,750 sq ft lot and is zoned RMM-25, allowing up to 25 units per acre with a maximum building height of 55 feet. Current use is a 2-unit duplex (2/1 + 1/1), providing immediate rental income while planning future development.
Ideal for developers and investors, this site can support three townhomes or explore potential density bonuses with affordable/workforce housing programs. Located just minutes from Las Olas, Downtown, and the beach, Lake Ridge continues to attract new construction townhomes and multifamily projects. *Buyer to verify all zoning and density requirements with the municipality
Keller Williams Realty Service
Features & Details
Learn about the features and details of 1020 NE 16th Ter
Property Details
- Property TypeDuplex
- Living Area1,104 sqft
- Year Built1951
- Lot Size-
- Stories-
- Annual Tax$7,278.00
- List Date9/8/2025
- Updated11/18/2025
- Last CheckedRecent
- MLS Number#A11874270
- BrokerageKeller Williams Realty Service
- Postal Code33304
- AreaBroward
- CityFort Lauderdale
Additional Property Features
- OccupancyCallAgent
- List Price$579,000.00
- Unit Number-
- ConstructionBrick,Block,Stucco
- HeatingWallFurnace
- Fireplaces-
- Garage-
- Parking TypeNo
- Pets AllowedNo
- Air ConditioningWall Window Units
- ElevatorNo
- LockerNo
- Swimming PoolNone
- PatioNo
- BasementNo
- DenNo
- Central VacuumNo
- Garage TypeNo
Additional Listing Information
- Walk Score–
- Property Manager-
- Utilities IncludedNone
- FurnishedNo
- Assessment Year2024
- AssignmentNo
- Extras IncludedNone
- Virtual TourView virtual tour
Inside
- Bedrooms & Baths0 Bed, 0 Bath
- EnsuiteYes
- Bathrooms0
- FlooringMixed
Price history
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Real estate trends
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Mortgage Calculator
Estimate monthly payments for 1020 NE 16th Ter
$0
20.0%
$579,000
1%
5.25%
10%
Estimated Monthly Payment
$2,776
Cash Flow Analysis
Mortgage Payment:
$2,775.72
Monthly Payment:
$3,382.22
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.
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About this property
Discover this stunning duplex in the heart of Fort Lauderdale. This well-appointed property offers 1,104 square feet of living space. Originally built in 1951. Offered at $579,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
FAQs About 1020 NE 16th Ter
1020 NE 16th Ter, MLS® A11874270 has a size of 1104 sqft.
There are bedrooms and bathrooms in this Multifamily at 1020 NE 16th Ter, MLS® A11874270.
Yes, there is parking available with 4 spot(s).
Annual taxes for this home are $7,278 based on 2024 tax year reports.
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. 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. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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1020 NE 16th Ter