Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Hollywood Duplex Investment Opportunity Title is generated by Realmo AI

    1116 NE 15th Ave, Fort Lauderdale, FL 33304

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Meticulously renovated duplex with new systems, generating immediate cash flow.

    Type:Multifamily
    Property size:
    1,120 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $602/SF
    Added:
    Feb 22, 2026
    Days on Market:
    98
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1116 NE 15th Ave

    General Information

    Standard status
    Active
    Size
    1,120 SF
    Lot size
    0.15 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Anne Mourra

    Listing agent Anne Mourra License #3375223

    Listing office Rate Leaf Homes INC

    Listing date Feb 22, 2026

    Source Crexi

    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 Rate Leaf Homes INC

    HighLights

    • Completely renovated duplex with all new major systems.
    • Immediate cash flow from two oversized 1‑bed, 1‑bath units with high‑quality tenants.
    • Large 6,502 sq. ft. lot offering expansion potential.
    • Prime location near dining, shops, and public transit; suitable for Short‑Term Rental.
    • Gated parking for tenants.
    • Seller's preferred lender offers below‑market rates and closing cost incentives.

    Overview

    This renovated Hollywood duplex features two oversized one-bedroom, one-bathroom units. The property has been modernized with new systems, including a new roof, impact windows and doors, electrical and plumbing systems, HVAC units, and stainless steel appliances. Each unit includes flooring, kitchens, and living areas. Both units generate cash flow, with tenants responsible for their own water and electricity. Situated on a 6,502 sq. ft. lot with RC15 Zoning, the property offers flexibility for expansion, such as adding a third unit, a pool, or an ADU. Gated parking is available. The property is located near dining, shops, and public transit. It is a candidate for a Short-Term Rental or for an owner-occupant looking to live for free while renting the other side. The property size is 1120 sqft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coontie Hatchee Park Resort

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1605655
    Latitude
    26.1080545

    Nearby Similar for Sale

    • $3,300,000
      7,830 SF

      Sunrise Boulevard Commercial Investment Opportunity

      Commercial property with multiple income streams on Sunrise Boulevard.
      2990 W Sunrise Blvd, Fort Lauderdale, FL 33311
      View Details
    • $400,000
      3,120 SF

      Fort Lauderdale Restaurant Opportunity

      Turnkey restaurant with liquor license near Fort Lauderdale Beach.
      1025 N Federal Highway, Fort Lauderdale, FL
      View Details
    • $1,200,000
      2,612 SF

      High Visibility Retail Opportunity

      Retail space with high visibility and easy highway access.
      1744 E Commercial Blvd, Fort Lauderdale, FL 33334
      View Details
    • $2,295,000
      6,458 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Eleven-unit apartment building in east Fort Lauderdale, fully occupied.
      1325/1329/1333 NE 5th Terrace, Fort Lauderdale, FL
      View Details
    • $710,000
      1,108 SF

      Fort Lauderdale Retail/Office Building

      Freestanding retail/office building on Federal Hwy in Fort Lauderdale.
      1200 S Federal Hwy, Fort Lauderdale, FL 33316
      View Details
    • $1,549,000
      4,854 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Well-maintained 6-unit property near the beach with upside potential.
      2633 Middle River Drive, Fort Lauderdale, FL 33306
      View Details
    • $1,549,000
      4,854 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Six-unit multifamily property near the beach with income potential.
      2633 Middle River Drive, Fort Lauderdale, FL
      View Details
    • $2,650,000
      1,656 SF

      Prime Location on W Broward Blvd

      Highly visible corner site ideal for redevelopment or 2nd-Gen restaurant.
      1122 W Broward Boulevard, Fort Lauderdale, FL 33312
      View Details
    • $1,029,000
      2,681 SF

      Fort Lauderdale Triplex with Pool

      Well-maintained triplex with resort-style pool, near beaches and dining.
      1681 NE 56th Street, Fort Lauderdale, FL 33334
      View Details
    • $900,000

      Fort Lauderdale Mediterranean Restaurant Opportunity

      Turn-key Mediterranean restaurant with high ratings and growth potential.
      511 SE 5th Ave (Restaurant), Fort Lauderdale, FL 33301
      View Details
    • $875,000
      2,530 SF

      Fort Lauderdale Multifamily Investment Opportunity

      Four-unit property near downtown and beaches, ideal for crew housing.
      305 SW 16th Street, Fort Lauderdale, FL 33315
      View Details
    • $875,000
      2,530 SF

      Fort Lauderdale Multifamily Investment Opportunity

      High-yield, fully managed investment opportunity near downtown and beaches.
      301 SW 16th Street, Fort Lauderdale, FL 33315
      View Details

    FAQs

    What type of property is this?
    Duplex - Meticulously renovated duplex with new systems, generating immediate cash flow.
    Where is this duplex located?
    The property is located at 1116 NE 15th Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Completely renovated duplex with all new major systems.; Immediate cash flow from two oversized 1‑bed, 1‑bath units with high‑quality tenants.; Large 6,502 sq. ft. lot offering expansion potential.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anne Mourra
    Real Estate License ID: 3375223
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1116 NE 15th Ave, Fort Lauderdale, FL 33304
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!