Duplex With Private Fenced
For Sale
$685,000
516 SW 15th Street, Fort Lauderdale, FL 33315
MULTI_FAMILY - Fort Lauderdale, FL
Property Size1,382 SF
Lot Size0.15 Acres
Price / SF$495.66
Days on Market110
Property Features for 516 SW 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-15
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Pets allowed
Yes, No
Pool private
1
Exterior features
Barbecue, Courtyard, Garden, Storage
Fencing
Fenced, Perimeter, Gate
Subdivision
LAUDERDALE
Elementary school
Croissant Park
Middle school
New River
High school
Stranahan
Standard status
Active
APN
504215013180
Size
1,382 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAUDERDALE 2-9 D LOT 22 BLK 57
Tax Annual Amount
12278
Legal Description
LAUDERDALE 2-9 D LOT 22 BLK 57
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
private fenced yard
low-maintenance yard
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile, Wood
Building materials
Stucco
Roof type
Flat
Additional Structures
Pergola, Storage
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Alex Simpson · License #3560581
(954) 295-4757
Added: Apr 16
Changed: Aug 3
Last Checked: Aug 3 at 11:06AM
MLS# B26016401
Copyright © 2026 BeachesMLS. 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 duplex offers two completely separate homes on one lot, each with its own private fenced yard for privacy and flexibility. The property includes a private pool and exterior amenities such as a barbecue, courtyard, garden, and storage. Interior features include vinyl, wood, and tile flooring, stucco construction, and a flat roof. Heating is central, with central air and ceiling fans for cooling.
The front home has access from SW 15th St, while the rear home has convenient alley access. Utilities include cable available, with public water and public sewer. The property was built in 1952 and is fenced with perimeter, gate, and fenced features. Zoning is RD-15. The property did not flood in 2023 generational flood.
Room configuration includes four bedrooms and three bathrooms across the two-home setup, along with an additional bathroom listed for the layout.
The front home has access from SW 15th St, while the rear home has convenient alley access. Utilities include cable available, with public water and public sewer. The property was built in 1952 and is fenced with perimeter, gate, and fenced features. Zoning is RD-15. The property did not flood in 2023 generational flood.
Room configuration includes four bedrooms and three bathrooms across the two-home setup, along with an additional bathroom listed for the layout.
Key Highlights
- Two completely separate homes on one lot
- Private fenced yards for both front and rear homes
- Front access from SW 15th St and rear alley access
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 | $34.8k | $25.20 |
| − Vacancy | −$1.9k | −$1.39 |
| EGI | $32.9k | $23.81 |
| − OpEx | −$9.9k | −$7.14 |
| NOI | $23.0k | $16.67 |
1,382 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,038 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$928.7K
$812.6K – $1.08M
NOI $65,009 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a 0.15-acre lot zoned RD-15 with two separate homes, private fenced yards, and a private pool.
Where is this duplex located?
The property is located at 516 SW 15th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Two completely separate homes on one lot; Private fenced yards for both front and rear homes; Front access from SW 15th St and rear alley access
