1515 NW 2nd Ave, Fort Lauderdale, FL 33311
- Added:
- Jun 6, 2026
- Days on Market:
- 27
- Last Refresh:
- Jul 2 at 5:06 am
Property Features for 1515 NW 2nd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
- Parking
- 3
- Patio and Porch features
- Patio
- Exterior features
- Patio
- Standard status
- Active
- APN
- 494234016370
- Size
- 1,523 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PROGRESSO 2-18 D LOT 9 BLK 32
- Tax Annual Amount
- 9702
Utilities
- Utilities
- Cable Available
- Cooling system
- Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Flooring type
- Terrazzo
- Building materials
- Block
- Roof type
- Shingle
Listing agent Carlos Pulido License #3145441 (305) 505-1576
Listing office Related General Realty, LLC. 2999 NE 191st Street Suite 510, Avenutra, FL (305) 932-6365
Listing date Jun 6, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully rented duplex producing $3,600/month with an estimated 4.88% cap rate
- Each unit includes its own washer/dryer, water heater, private electric meter, and spacious backyard
- Recent updates: PVC plumbing (no cast iron) and no cloth wiring
- Newer appliances included
- 1963 construction with block exterior; roof is shingle
- Patio on the property; terrazzo flooring and window/wall‑unit cooling with ceiling fans
Overview
The property is described as being just steps from Wilton Manors and minutes from major Fort Lauderdale destinations and retail, including Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and retailers such as Publix and Home Depot. The listing also states that long-term tenants are in place with active leases.
For buyers seeking a turnkey, income-producing residential duplex, the current lease-in-place structure and unit-level utilities may simplify operations by keeping billing separate between units. The listing’s reported investment metrics are presented as an estimated 4.88% cap rate and $3,600 per month in monthly income. The asset is also positioned in the listing for consideration as a potential 1031 exchange property, depending on a buyer’s individual requirements.
Local 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 | $38.4k | $25.20 |
| − Vacancy | −$2.1k | −$1.39 |
| EGI | $36.3k | $23.81 |
| − OpEx | −$10.9k | −$7.14 |
| NOI | $25.4k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.146702
- Latitude
- 26.146145
