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$1,500,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • Updated 13 days ago
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Rare opportunity to acquire an enormous 4,855 SF two-story fourplex featuring two 4-bed/2-bath units and two 3-bed/2-bath units with modern interiors, making it a true turn-key investment with plenty of upgrades throughout. The property generates $11,300/month with the owner occupying one unit, offering the option to lease back or move out at sale. All units are individually metered, and each has central air. The building is freshly painted, features impact windows, security cameras throughout, and a 10-year-old roof in excellent condition. Ideally located just minutes from Downtown Fort Lauderdale, major highways, Fort Lauderdale-Hollywood International Airport, and the beach, ensuring strong tenant demand and long-term rental appeal.

Full Property Details for 640 SW 16th Ave

General

  • Price: $1,500,000
  • Taxes: $16,160 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11946433
  • Updated: 1/23/2026
  • Added to Site: 15 day(s) ago

Rental Information

  • Rent Includes: None

Interior

  • Flooring: Other, Tile

Parking

  • Total Spaces: 5

Location

  • Area: Riverside No 2
  • County: Broward County
  • Subdivision: RIVERSIDE NO 2
  • Building Name: RIVERSIDE NO 2

Community

  • Community Name: Riverside No 2
  • Units Assoc/Comm: 4

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Detached
  • Structure Type: Quadruplex, Fourplex
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction, CBS Construction
  • Roof: Shingle
  • Stories/Levels: 2
  • Building Size: 4855
  • Square Feet: 4,855
  • Living Area: 4,855 Sq. Ft.
  • Year Built: 1976

Unit Information

  • Units in Complex: 4

Lot Features

  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: RM-15

Financial Considerations

  • Price Per Sq. Ft.: $308.96
  • Tax Amount: $16,160
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Documents Avail.: Financial Statement, Other Available Information, Rent Rolls
  • Legal Description: RIVERSIDE NO 2 1-104 D LOT 8 W 140 BLK A
  • Property ID: 504209030061

Listed by Fausto Commercial Realty Consultants Inc

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Listing agent

— 640 SW 16th Ave —

  • Fausto Commercial Realty Consultants Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 640 SW 16th Ave

School District:Broward County School District
NameGradesDistance
Croissant Park Elementary School
1800 Southwest 4th Avenue, Fort Lauderdale, FL 33315
K-51.5 mi
New River Middle School
3100 Riverland Road, Fort Lauderdale, FL 33312
6-82.2 mi
Stranahan High School
1800 Southwest 5th Place, Fort Lauderdale, FL 33312
9-120.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 640 SW 16th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/22/2026
Listed
$1,500,000
240.91%
MLS
8/07/2014
Sold
$440,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 640 SW 16th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,264
—
$956,320
17%
2024
$14,264
12%
$817,460
26%
2023
$12,682
12%
$648,230
13%
2022
$11,329
9%
$571,580
12%
2021
$10,402
—
$508,720
2%
2021
$10,402
20%
$498,910
14%
2019
$8,633
10%
$438,520
7%
2018
$7,830
7%
$409,470
8%
2017
$7,296
-16%
$380,620
-15%
2016
$8,730
1%
$445,380
3%
2015
$8,620
58%
$434,420
117%
2014
$5,441
5%
$200,280
10%
2013
$5,181
—
$182,080
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Fausto Commercial Realty Consultants Inc

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640 SW 16th Ave, Fort Lauderdale, FL 33312 (MLS# A11946433) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 640 SW 16th Ave is currently listed for $1,500,000 and was received on January 22, 2026. Want to learn more about 640 SW 16th Ave? Do you have questions about finding other Multi-Family real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

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