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1020 NE 16th Ter Fort Lauderdale FL 33304 MLS #A11874270

1020 NE 16th Ter
Fort Lauderdale, FL, 33304
$579,000
Beds
0 Baths
1,104 SqFt
0 Acres
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$579,000
1020 NE 16th Ter
Fort Lauderdale, FL, 33304
MLS #A11874270 image #0MLS #A11874270 image #1MLS #A11874270 image #2MLS #A11874270 image #3MLS #A11874270 image #4MLS #A11874270 image #5MLS #A11874270 image #6MLS #A11874270 image #7MLS #A11874270 image #8MLS #A11874270 image #9
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

Property Details

Price:
$579,000
MLS #:
A11874270
Status:
Pending
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
Lake Ridge Progresso,Lake Ridge
Neighborhood:
lakeridgeprogresso
Listed Date:
Sep 8, 2025
Finished Sq Ft:
1,104
Total Sq Ft:
1,104
Year Built:
1951
Lake Ridge ProgressoLakeridgeprogressoLake Ridge Progresso,lake Ridge

Schools

Interior

Cooling
Wall/Window Unit(s)
Flooring
Terrazzo
Heating
Window/Wall

Exterior

Architectural Style
Attached, Ranch
Construction Materials
Concrete Block With Brick, CBS Construction, Stucco
Parking Spots
4
Roof
Flat Tile, Shingle

Financial

Tax Year
2024
Taxes
$7,278
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Current real estate data for Multi Family in Fort Lauderdale as of Oct 25, 2025
96
Multi Family Listed
131
Avg DOM
458
Avg $ / SqFt
$1,120,700
Avg List Price

Community

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Property Summary

    Located in the Lake Ridge Progresso,Lake Ridge subdivision, 1020 NE 16th Ter Fort Lauderdale FL is a Multi Family for sale in Fort Lauderdale, FL, 33304. It is listed for $579,000
disclosure
Courtesy of Keller Williams Realty Service. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Wilk Real Estate LLC include the name of the listing broker. Neither the listing company nor Wilk Real Estate LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Miami, FL. All rights reserved.
Rover IDX
1020 NE 16th Ter
Fort Lauderdale, FL

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