Duplex with Separate Fenced
For Sale
$645,000
1-1-516 Sw 15th St, Fort Lauderdale, FL 33316
Two residences on one lot offer private outdoor areas and separate access points.
Property Size1,382 SF
Price / SF$466.71
Days on Market182
Property Features for 1-1-516 Sw 15th St
General Information
Standard status
Active
Size
1,382 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,278
Amenities
private fenced yard
Building Details
Buildings
2
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Alex Simpson · License #3560581
(954) 295-4757
Source:
Exprealty
Added: Apr 16
Changed: Oct 13
Last Checked: Oct 12 at 11:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation
Investment Insights
Based on property information with market context.
This 1,382-square-foot duplex contains two fully separate homes on a single lot. Each residence includes its own fenced yard, creating distinct outdoor areas and added separation between the units. The front home is accessed from SW 15th St, while the rear residence is served by an alley.
The property is in Croissant Park, with proximity to downtown Fort Lauderdale, I-95, I-595, Fort Lauderdale-Hollywood International Airport, boating marinas, Fort Lauderdale Beach, and Broward Health. The property did not flood in the 2023 generational flood.
The property is in Croissant Park, with proximity to downtown Fort Lauderdale, I-95, I-595, Fort Lauderdale-Hollywood International Airport, boating marinas, Fort Lauderdale Beach, and Broward Health. The property did not flood in the 2023 generational flood.
Key Highlights
- Two separate homes on one lot
- 1,382 square feet of total property size
- Private fenced yard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,038
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,760
$460.8K
Cap Rate 7%
$329,114
$329.1K
Cap Rate 9%
$255,978
$256.0K
Market Conditions
NOI Build-Up for 1,382 SF
Gross rent
$34.8K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$32.9K $23.81/SF
− OpEx
−$9.9K −$7.14/SF
NOI
$23.0K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,760
Cap Rate 7%
$329,114
Cap Rate 9%
$255,978
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,038 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$928.7K
$812.6K – $1.08M
NOI $65,009 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
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 - Two residences on one lot offer private outdoor areas and separate access points.
Where is this duplex located?
The property is located at 1-1-516 Sw 15th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two separate homes on one lot; 1,382 square feet of total property size; Private fenced yard for each residence
