1515 NW 2nd Ave Fort Lauderdale, FL 33311
MULTI_FAMILY - Fort Lauderdale, FL
Property Features for 1515 NW 2nd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, 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
- 2025
- Tax Description
- PROGRESSO 2-18 D LOT 9 BLK 32
- Tax Annual Amount
- 9912
Utilities
- Utilities
- Cable Available
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Flooring type
- Terrazzo
- Building materials
- Block
- Roof type
- Shingle
Listing agent Carlos Jose Pulido License #3317675 (305) 333-5859
Listing office Related General Realty, LLC. 2999 NE 191st Street Suite 510, Avenutra, FL (305) 932-6365
Listing date Jul 10, 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.
Investment Insights
Based on property information with market context.
The duplex is located at 1515 NW 2nd Ave in Fort Lauderdale, Florida. The offering is described as producing $3,600 per month with an estimated 4.88% cap rate, supported by long-term tenants in place with active leases.
For buyers seeking an income-producing, turn-key residential income asset, the duplex is presented as a practical option with immediate cash flow and ongoing tenant occupancy, along with the noted recent improvements to the property’s core systems and in-unit features.
Key Highlights
- Fully rented duplex producing $3,600/month with an estimated 4.88% cap rate
- Each unit includes its own washer/dryer, water heater, and private electric meter
- Recent updates include PVC plumbing (no cast iron) and no cloth wiring
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 |
