Duplex with Private
For Sale
$465,000
1515 NW 2nd Ave, Fort Lauderdale, FL 33311
Residential Income, Fort Lauderdale, FL
Property Size1,523 SF
Price / SF$305.32
Days on Market88
Property Features for 1515 NW 2nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RDS-15
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Parking
3
Patio and Porch features
Patio
Exterior features
Patio
Subdivision
PROGRESSO
Lot features
Flood Zone, < 1/4 Acre
Directions
Take I-95 to Sunrise Blvd and head east. Turn left (north) on NW 9th Ave (Powerline Rd), then right on NW 15th St. Turn left on NW 2nd Ave. Property is on the left side.
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
Legal Description
PROGRESSO 2-18 D LOT 9 BLK 32
Utilities
Utilities
Cable Available
Cooling system
Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s)
Building Details
Year built
1963
Floors in Building
1
Flooring type
Terrazzo
Building materials
CBSConcreteBlockStructure, Block
Roof type
Shingle
Listing Agency:
Related General Realty, LLC.
(305) 932-6365
Listed By:
Carlos Jose Pulido · License #3317675
(305) 333-5859
Added: Jul 18
Changed: Oct 10
Last Checked: Oct 13 at 6:06PM
MLS# A12051695
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.
This 1,523-square-foot duplex, built in 1963, is occupied by long-term tenants with active leases. Each residence has a private backyard, washer and dryer, water heater, and separate electric meter. The building has mostly PVC plumbing, terrazzo flooring, and ceiling fans with wall or window cooling units. A patio is also part of the property.
The property is near Wilton Manors, Las Olas, Flagler Village, Sistrunk Marketplace, Downtown Fort Lauderdale, and the beach. Tenants pay their own water and electricity. The estimated cap rate is 5.86%.
The property is near Wilton Manors, Las Olas, Flagler Village, Sistrunk Marketplace, Downtown Fort Lauderdale, and the beach. Tenants pay their own water and electricity. The estimated cap rate is 5.86%.
Key Highlights
- Duplex totals 1,523 square feet
- Fully rented to long‑term tenants with active leases
- Estimated cap rate: 5.86%
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
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and have separate electric meters and individual laundry equipment.
Where is this duplex located?
The property is located at 1515 NW 2nd Ave 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: Duplex totals 1,523 square feet; Fully rented to long‑term tenants with active leases; Estimated cap rate: 5.86%
