Rented Duplex With Private
1515 NW 2nd Ave Fort Lauderdale, FL 33311
1515 NW 2nd Ave, Fort Lauderdale, FL, 33311
$490,000
For Sale
$490,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size1,523 SF
Price / SF$321.73
Days on Market13
Property Features for 1515 NW 2nd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Parking
- 3
- Patio and Porch features
- Patio
- Exterior features
- Patio
- Standard status
- Active
- APN
- 494234016370
- Size
- 1,523 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PROGRESSO 2-18 D LOT 9 BLK 32
- Tax Annual Amount
- 9912
Utilities
- Utilities
- Cable Available
- Cooling system
- Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Flooring type
- Terrazzo
- Building materials
- Block
- Roof type
- Shingle
Listing agency
Related General Realty, LLC.
(305) 932-6365
Listed by
Carlos Jose Pulido · License #3317675
(305) 333-5859
Added: Jul 11 Updated: Jul 18 at 1:40AM Checked: Jul 23 at 10:06AM
MLS# A12051695
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully rented duplex is configured as two separate units, each with its own washer/dryer, water heater, and private electric meter, plus access to a spacious backyard. The property also features recent updates including PVC plumbing (no cast iron), no cloth wiring, and newer appliances.
The duplex is located at 1515 NW 2nd Ave in Fort Lauderdale, Florida. The offering is described as producing $3,600 per month with an estimated 4.88% cap rate, supported by long-term tenants in place with active leases.
For buyers seeking an income-producing, turn-key residential income asset, the duplex is presented as a practical option with immediate cash flow and ongoing tenant occupancy, along with the noted recent improvements to the property’s core systems and in-unit features.
The duplex is located at 1515 NW 2nd Ave in Fort Lauderdale, Florida. The offering is described as producing $3,600 per month with an estimated 4.88% cap rate, supported by long-term tenants in place with active leases.
For buyers seeking an income-producing, turn-key residential income asset, the duplex is presented as a practical option with immediate cash flow and ongoing tenant occupancy, along with the noted recent improvements to the property’s core systems and in-unit features.
Key Highlights
- Fully rented duplex producing $3,600/month with an estimated 4.88% cap rate
- Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard
- Recent updates include PVC plumbing (no cast iron) and no cloth wiring, plus newer appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $25.20 |
| − Vacancy | −$2.1k | −$1.39 |
| EGI | $36.3k | $23.81 |
| − OpEx | −$10.9k | −$7.14 |
| NOI | $25.4k | $16.67 |
1,523 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.4K – $423.1K
NOI $25,388 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$326.7K
$285.9K – $381.2K
NOI $22,870 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.02M
$895.5K – $1.19M
NOI $71,642 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully rented duplex with in-unit washer/dryer, private utilities, and updated plumbing and appliances.
Where is this duplex located?
The property is located at 1515 NW 2nd Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Fully rented duplex producing $3,600/month with an estimated 4.88% cap rate; Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard; Recent updates include PVC plumbing (no cast iron) and no cloth wiring, plus newer appliances
