FORT LAUDERDALE, FL 33334 5861 NE 18TH AVENUE 1-4
$1,299,999



8 more








Presented By: MICHAEL SAUNDERS & COMPANY with 727-472-1144. - 727-472-1144
Home Details
Prime Fort Lauderdale Multifamily & House Hack Opportunity | 5861 NE 18th Ave
An exceptional opportunity to acquire a fully renovated, income-producing 4-unit property in one of Fort Lauderdale’s most desirable and rapidly appreciating neighborhoods. Featuring a highly sought-after unit mix of two (2) 2-bedroom/1-bath units and two (2) 1-bedroom/1-bath units, this turnkey asset offers both immediate cash flow and long-term upside.
What makes this property especially compelling is the rare “live-in-one, rent-the-rest” opportunity—ideal for an owner-occupant looking to significantly offset or potentially cover their mortgage by collecting income from the remaining three units. It’s a powerful strategy for building wealth while living on-site.
All units have been thoughtfully renovated in 2025 with modern finishes, complemented by major capital improvements that provide peace of mind and reduced maintenance for years to come. The property also features on-site laundry facilities, creating an additional income stream for the owner.
Significant upgrades include:
Roof replaced (2020)
Hurricane impact windows installed (2025)
Tankless water heaters installed (2025)
Full interior renovations to all units (2025)
New patios added (2024)
Exterior lighting and parking lot improvements (2020)
Parking lot resurfaced with 8 spaces (2026)
Newer window A/C units (2020–2026)
Designed for strong and stable returns, the property offers 8 dedicated parking spaces, a rare and valuable amenity that enhances tenant demand and overall asset value.
Beyond its current performance, the property presents excellent development potential, with air rights allowing for up to three stories—ideal for investors or developers seeking to expand, increase density, or reimagine the site in a high-demand submarket.
Situated in a prime Northeast Fort Lauderdale location, the property is just minutes from beaches, major roadways, dining, retail, and key employment hubs—supporting continued rental demand and long-term appreciation.
Highlights:
4 Units: 2 × 2BR/1BA & 2 × 1BR/1BA
Fully renovated, turnkey condition
Opportunity to live in one unit and offset mortgage with rental income
Additional income from on-site laundry
8 on-site parking spaces
Extensive recent capital improvements
Air rights up to 3 stories (development upside)
Prime location in a high-growth area
This is a rare opportunity to secure a cash-flowing asset with lifestyle flexibility and future development potential—perfect for both investors and owner-occupants looking to maximize returns in Fort Lauderdale.
Presented By: MICHAEL SAUNDERS & COMPANY with 727-472-1144. - 727-472-1144
Interior Features for 5861 NE 18TH AVENUE 1-4
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths6
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesOpen Floorplan
Laundry FeaturesCommon Area
General for 5861 NE 18TH AVENUE 1-4
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Y/NNo
CityFORT LAUDERDALE
Construction MaterialsBlock, Concrete
CoolingCentral Air
CountyBroward
DirectionsFrom I-95 (North or Southbound): Take Exit 33 for NE 62nd St/E Cypress Creek Rd.
Head East: Continue east on NE 62nd St/E Cypress Creek Rd.
Turn onto NE 18th Ave: Turn right onto NE 18th Ave.
Arrive at Destination: Continue for approximately 1.5 miles. The destination at 5861 NE 18th Ave will be on your right.
Flood Zone CodeAE
Garage Y/NNo
HeatingCentral, Electric
Land Lease Y/NNo
Legal DescriptionCORAL RIDGE ISLES 45-47 B LOT 10 BLK 9
Living Area UnitsSquare Feet
Lot Size Square Feet7500
Lot Size UnitsSquare Feet
MLS Area33334 - Fort Lauderdale
New ConstructionNo
Number Of Units Total4
OwnershipFee Simple
Property SubtypeQuadruplex
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameCORAL RIDGE ISLES 45-47 B
Tax Annual Amount13928
Tax Lot10
Tax Year2024
Unit Number1-4
UtilitiesElectricity Connected, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1967
ZoningRMM-25
Exterior for 5861 NE 18TH AVENUE 1-4
Exterior AmenitiesFenced, Private Entrance, Private Yard, Storage
Foundation DetailsSlab
Lot Size Acres0.17
Lot Size Area7500
Number of Buildings1
Private PoolNo
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Geiset Sanchez Gomez
Broker Associate
SQFT • 2,466