Multifamily Property for Sale in Fort Lauderdale, FL

  • Price: $3.8M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Fort Lauderdale, FL 33301
  • Size: 7,724 SF
  • Year built: 1953

Description

Discover an exceptional multifamily investment opportunity in the heart of Victoria Park , one of Fort Lauderdale’s most sought-after and rapidly growing neighborhoods. Located at 105 NE 16th Terrace , this well-maintained 14-unit apartment building offers both stable in-place income and significant long-term upside through value-add renovations or a complete redevelopment play. Positioned just minutes from Las Olas Boulevard , Flagler Village , and Fort Lauderdale’s world-class beaches, this property benefits from strong tenant demand, walkability, and proximity to dining, entertainment, and major employment hubs. This highly desirable location and site is ideally suited for a boutique townhome community, luxury multifamily development, or elevated repositioning strategy. Whether you’re seeking stable cash flow, a premium location for redevelopment, or a long-term hold in a blue-chip neighborhood, this property presents an unparalleled opportunity in one of Fort Lauderdale’s most prestigious submarkets. Can be sold individually or as part of a portfolio with 811 SE 16th St, Fort Lauderdale - which is located approximately 2 miles south in the Harbordale neighborhood. Building SF: 7724 | Land Size: 0.28 Ac | Year Built: 1953 | Listing Type: FOR SALE

Market Context

This multifamily in Fort Lauderdale, FL is listed for sale at $3,750,000 across 7,724 SF. The building dates to 1953. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Fort Lauderdale, FL — <a href="/search/sale/multifamily/florida/fort-lauderdale">view the full market</a>.

As of Q1 2026, the Fort Lauderdale multifamily market showed average asking rents near $2203.00/unit/mo, and cap rates around 5.8%. Source: Consensus Q1 2026 market report.

Multifamily market FAQ

What is the typical cap rate for multifamily in Fort Lauderdale?
About 5.8% as of Q1 2026, per Consensus.

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