5861 NE 18th Avenue #1-4 Fort Lauderdale, FL 33334
For Sale MLS# TB8463899
6 beds 6 baths 2,466 sq ft Multi-family
Details for 5861 NE 18th Avenue #1-4
MLS# TB8463899
Description for 5861 NE 18th Avenue #1-4, Fort Lauderdale, FL, 33334
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.
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Bedrooms: 6
Bathrooms: 6
Lot Size: 0.17 Acres
Square Feet: 2,466 sq ft
Year Built: 1967
Construction: Block,Concrete
Subdivision: Coral Ridge Isles 45-47 B
Foundation: Slab
Number Of Units Total: 4
County: Broward
Additonal Room Information
Laundry: Common Area
Interior Features
Additional Interior Features: Open Floorplan
Utilities
Water: Public
Sewer: Septic Tank
Other Utilities: Electricity Connected,Water Connected
Cooling: Central Air
Heating: Central, Electric
Exterior / Lot Features
Roof: Shingle
Additional Exterior/Lot Features: Private Yard, Private Entrance, Fence, Storage
Unit Information
Unit 1 Units Total: 2
Unit 1 Actual Rent: 1800
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 2
Unit 2 Actual Rent: 2500
Unit 2 Baths Total: 2
Unit 2 Beds Total: 2
Driving Directions
From 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.
Financial Considerations
Tax/Property ID: 49-42-11-06-1320
Tax Amount: 13928
Tax Year: 2024
A broker reciprocity listing courtesy: MICHAEL SAUNDERS & COMPANY
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5861 NE 18th Avenue #1-4
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5861 NE 18th Avenue #1-4
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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