Duplex with Private
For Sale
$465,000
1515 NW 2nd Avenue, Fort Lauderdale, FL 33311
Both residences are leased and include individual laundry equipment, water heaters, and electric meters.
Property Size1,523 SF
Price / SF$305.32
Days on Market112
Property Features for 1515 NW 2nd Avenue
General Information
Standard status
Active
Size
1,523 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Smlr
Units
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Cap Rate
5.86%
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,912
Amenities
washer/dryer
water heater
private backyard
Building Details
Building Size
1,523 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
Related General Realty, LLC.
Listed By:
Carlos Jose J Pulido · License #3317675
(305) 333-5859
Source:
Dangelorealty
Added: Jul 10
Changed: Oct 26
Last Checked: Oct 26 at 2:50PM
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 Related General Realty, LLC.
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Investment Insights
Based on property information with market context.
This Fort Lauderdale duplex contains two occupied residences with active leases. Each unit has its own washer and dryer, water heater, separate electric meter, and private backyard. The property was built in 1963 and has mostly PVC plumbing, no cloth wiring, and newer appliances.
The property is minutes from Wilton Manors, Las Olas, Flagler Village, Sistrunk Marketplace, Downtown Fort Lauderdale, and the beach. The reported estimated cap rate is 5.86%.
The property is minutes from Wilton Manors, Las Olas, Flagler Village, Sistrunk Marketplace, Downtown Fort Lauderdale, and the beach. The reported estimated cap rate is 5.86%.
Key Highlights
- Two‑unit duplex with both residences leased under active agreements
- 5.86% estimated cap rate
- Each unit has a private backyard, washer and dryer, water heater, and separate electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,388
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,760
$507.8K
Cap Rate 7%
$362,686
$362.7K
Cap Rate 9%
$282,089
$282.1K
Market Conditions
NOI Build-Up for 1,523 SF
Gross rent
$38.4K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$36.3K $23.81/SF
− OpEx
−$10.9K −$7.14/SF
NOI
$25.4K $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%
$507,760
Cap Rate 7%
$362,686
Cap Rate 9%
$282,089
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.4K – $423.1K
NOI $25,388 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$326.7K
$285.9K – $381.2K
NOI $22,870 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.02M
$895.5K – $1.19M
NOI $71,642 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,559
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include individual laundry equipment, water heaters, and electric meters.
Where is this duplex located?
The property is located at 1515 NW 2nd Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences leased under active agreements; 5.86% estimated cap rate; Each unit has a private backyard, washer and dryer, water heater, and separate electric meter
