Single-Story Apartment
1201 NE 15TH AVE Fort Lauderdale, FL 33304
1201 NE 15TH AVE, Fort Lauderdale, FL, 33304
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For Sale
Contact for pricing
1960-built nine-unit concrete block apartment with painted stucco exterior, shingle roof, and on-site laundry.
Property Size4,431 SF
Lot Size0.26 Acres
Price / SF$446.85
Days on Market24
Property Features for 1201 NE 15TH AVE
General Information
- Standard status
- Active
- Size
- 4,431 SF
- Lot size
- 0.26 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agency
Marcus & Millichap - Fort Lauderdale
(954) 245-3492
Listed by
Ethan Krauss · License #SL3552519
Source
Crexi
Added: Jun 29 Updated: Jul 21 at 10:35PM Checked: Jul 21 at 10:35PM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
1201 Northeast 15th Avenue is a 1960-built, single-story concrete block apartment building with a painted stucco exterior and shingle roof. The property contains nine units totaling approximately 4,425 square feet of estimated leasable area and sits on an 11,204-square-foot lot. The unit mix consists of four one-bedroom/one-bath units, four furnished one-bedroom/one-bath units, and one two-bedroom/two-bath unit. Amenities include on-site laundry facilities, wall air conditioning units, and paved asphalt parking.
The building is located in east Fort Lauderdale with access to Sunrise Boulevard, Federal Highway (US-1), and State Road A1A. Nearby retailers include Publix Super Market at Sunrise Boulevard and Walgreens Pharmacy, along with several dining and shopping options within about three-tenths of a mile. Major destinations and employers are also within driving distance, including Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, Port Everglades, and the Broward County Convention Center.
The property is offered for sale as a nine-unit residential income building configured with both furnished and unfurnished one-bedroom units plus a single two-bedroom unit.
The building is located in east Fort Lauderdale with access to Sunrise Boulevard, Federal Highway (US-1), and State Road A1A. Nearby retailers include Publix Super Market at Sunrise Boulevard and Walgreens Pharmacy, along with several dining and shopping options within about three-tenths of a mile. Major destinations and employers are also within driving distance, including Downtown Fort Lauderdale, Fort Lauderdale–Hollywood International Airport, Port Everglades, and the Broward County Convention Center.
The property is offered for sale as a nine-unit residential income building configured with both furnished and unfurnished one-bedroom units plus a single two-bedroom unit.
Key Highlights
- Nine‑unit apartment building built in 1960 in east Fort Lauderdale, FL
- Concrete block, painted stucco exterior with shingle roof; 4,431 SF total building area and ~4,425 SF total leasable area
- Unit mix: 4 one‑bed/one‑bath units, 4 furnished one‑bed/one‑bath units, plus 1 two‑bed/two‑bath unit
Local Financial Insights For Apartment 5plus
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 | $127.6k | $28.80 |
| − Vacancy | −$6.6k | −$1.50 |
| EGI | $121.0k | $27.30 |
| − OpEx | −$54.4k | −$12.29 |
| NOI | $66.5k | $15.02 |
4,431 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$950.5K
$831.7K – $1.11M
NOI $66,537 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.47M
NOI $208,434 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 1960-built nine-unit concrete block apartment with painted stucco exterior, shingle roof, and on-site laundry.
Where is this apartment building located?
The property is located at 1201 NE 15TH AVE Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Nine‑unit apartment building built in 1960 in east Fort Lauderdale, FL; Concrete block, painted stucco exterior with shingle roof; 4,431 SF total building area and ~4,425 SF total leasable area; Unit mix: 4 one‑bed/one‑bath units, 4 furnished one‑bed/one‑bath units, plus 1 two‑bed/two‑bath unit
