$1,450,000
640 SW 16th Avenue
Fort Lauderdale, FL 33312
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Price Check
How this price compares
- List price
- $1,450,000
- Price per sq ft
- $299
- Original price
- $1,500,000
- Days on market
- 130
This multi-family property in Riverside No 2 is listed at $1,450,000, or $299 per square foot. The asking price has come down 3.3% from its original $1,500,000. It has been on the market for 130 days.
Estimated monthly payment
$7,620 /mo
Principal and interest only, based on $290,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,450,000
- Days on Site
- 130 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 4,855 sqft
- Total Sq Ft
- 4,855 sqft
- Year Built
- 1976
- Property Type
- Multi-Family
- MLS #
- A11946433
- Property Tax
- $16,160 (2025)
- Subdivision
- RIVERSIDE NO 2
- County
- Broward
- Status
- Active
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1976
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 4,855
- Total Sq Ft
- 4,855
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RM-15
Interior Features
- Cooling
- Central Air
- Heating
- Central / Separate Meters
- Flooring
- Other / Tile
Exterior Features
- Construction
- Block
- Roof
- Shingle
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional / Other
- MLS Area
- 3470
Schools
- Elementary School
- Croissant Park
- Middle School
- New River
- High School
- Stranahan
About the Community
Riverside is a luxury waterfront, luxury community in Jupiter, Palm Beach County, Florida. Properties are priced from $4,500,000 to $4,800,000. Pure Equity lists homes in Riverside 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
- 7
- Median List Price
- $1,147,500
- Median $/Sq Ft
- $337
- Avg Days on Market
- 143
Frequently Asked Questions
- How do I schedule a tour of 640 SW 16th Avenue, Fort Lauderdale, FL 33312?
- Use the Tour button on this listing to request a showing of 640 SW 16th Avenue, Fort Lauderdale, FL 33312. 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 640 SW 16th Avenue, Fort Lauderdale, FL 33312 still available?
- 640 SW 16th Avenue, Fort Lauderdale, FL 33312 is currently listed as Active, and has been on the market 130 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 640 SW 16th Avenue, Fort Lauderdale, FL 33312?
- With 20% down ($290,000) on the $1,450,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 640 SW 16th Avenue, Fort Lauderdale, FL 33312 is about $7,620/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 640 SW 16th Avenue, Fort Lauderdale, FL 33312?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 640 SW 16th Avenue, Fort Lauderdale, FL 33312. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 640 SW 16th Avenue, Fort Lauderdale, FL 33312?
- 640 SW 16th Avenue, Fort Lauderdale, FL 33312 is zoned for Croissant Park (elementary), New River (middle), Stranahan (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 640 SW 16th Avenue, Fort Lauderdale, FL 33312?
- Often, yes. The right offer on 640 SW 16th Avenue, Fort Lauderdale, FL 33312 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 Fausto Commercial Realty Consultants Inc
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.
$1,450,000
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Listed by Elior Levi, Fausto Commercial Realty Consultants Inc
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Recent Sales
Recently sold homes in Riverside No 2
These are the last 4 recorded closings in Riverside No 2, with the price each home actually sold for rather than what it was listed at. They closed at a median of $415 per square foot. The most recent closed on May 4, 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$398,000
Sold · May 4, 2026
511 SW 18th Avenue 1
3 bed · 2.5 bath · 1,562 sqft · $255/sqft
$11,000 under the asking price
Sold$355,000
Sold · November 24, 2025
1005 SW 15 Terrace
2 bed · 1 bath · 856 sqft · $415/sqft
$35,000 under the asking price
Sold$1,500,000
Sold · August 28, 2025
910 Dolphin Drive
3 bed · 2 bath · 1,582 sqft · $948/sqft
$250,000 under the asking price
Sold$350,000
Sold · August 13, 2025
531 SW 18th Avenue 41
3 bed · 2.5 bath · 1,562 sqft · $224/sqft
$49,850 under the asking price
See every recorded sale in Riverside No 2 or find out what your Riverside No 2 home is worth.
