$1,020,000
5 NE 16th Court
Fort Lauderdale, FL 33305
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $1,020,000
- Price per sq ft
- $361
- Original price
- Unchanged
- Days on market
- 101
This multi-family property in Placido Place is listed at $1,020,000, or $361 per square foot. It has been on the market for 101 days.
Estimated monthly payment
$5,361 /mo
Principal and interest only, based on $204,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,020,000
- Days on Site
- 101 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 2,829 sqft
- Total Sq Ft
- 2,829 sqft
- Year Built
- 1975
- Property Type
- Multi-Family
- MLS #
- A11968537
- Property Tax
- $11,570 (2025)
- Subdivision
- PLACIDO PLACE
- County
- Broward
- Status
- Active
About This Property
BEST INVESTMENT PORTFOLIO IN FORT LAUDERDALE!! CONSISTS OF TWO 5 bed 2 bath UNITS.CURRENTLY RENTED AT TOP PRICE!! JUST BUY AND START RECEIVING YOUR MONTHLY CASHFLOW!! SHOWINGS WILL ONLY BE DONE ONCE UNDER CONTRACT.OWNER COULD FINANCE WITH 50% DOWN
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1975
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 2,829
- Total Sq Ft
- 2,829
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Zoning
- RDS-15
Interior Features
- Cooling
- Central Air
- Heating
- Central / Separate Meters
- Flooring
- Ceramic Tile / Laminate
Exterior Features
- Construction
- Block
- Roof
- Flat / Tile
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 3419
About the Community
Placido Place is a community in Fort Lauderdale, Broward County, Florida. Active listings are priced from $775,000 to $2,700,000. Homes were built between 1954 and 2026. Pure Equity lists homes in Placido Place and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 4
- Median List Price
- $889,500
- Median $/Sq Ft
- $689
- Avg Days on Market
- 113
Frequently Asked Questions
- How do I schedule a tour of 5 NE 16th Court, Fort Lauderdale, FL 33305?
- Use the Tour button on this listing to request a showing of 5 NE 16th Court, Fort Lauderdale, FL 33305. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 5 NE 16th Court, Fort Lauderdale, FL 33305 still available?
- 5 NE 16th Court, Fort Lauderdale, FL 33305 is currently listed as Active, and has been on the market 101 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 5 NE 16th Court, Fort Lauderdale, FL 33305?
- With 20% down ($204,000) on the $1,020,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5 NE 16th Court, Fort Lauderdale, FL 33305 is about $5,361/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5 NE 16th Court, Fort Lauderdale, FL 33305?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5 NE 16th Court, Fort Lauderdale, FL 33305. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 5 NE 16th Court, Fort Lauderdale, FL 33305?
- Often, yes. The right offer on 5 NE 16th Court, Fort Lauderdale, FL 33305 depends on how it's priced against comparable multi-family sales in Fort Lauderdale, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Home Wiz USA
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,020,000
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Listed by German E Grudny, Home Wiz USA
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Recent Sales
Recently sold homes in Placido Place
These are the last 2 recorded closings in Placido Place, with the price each home actually sold for rather than what it was listed at. They closed at a median of $574 per square foot. The most recent closed on October 1, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,025,000
Sold · October 1, 2026
118 NE 16th Place
3 bed · 3 bath · 1,785 sqft · $574/sqft
$124,999 under the asking price
Sold$675,000
Sold · December 12, 2025
111 NE 16th Court
3 bed · 2 bath · 1,703 sqft · $396/sqft
$44,999 under the asking price
See every recorded sale in Placido Place or find out what your Placido Place home is worth.
