8-Unit Cooperative Apartment
1524 SE 2nd Street, Fort Lauderdale, FL
For Sale
New
$2,100,000
Commercial Sale, Fort Lauderdale, FL
Property Size4,000 SF
Lot Size0.20 Acres
Price / SF$525
Days on Market2
Property Features for 1524 SE 2nd Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Realty Profess
(954) 630-7020
Listed By:
Sandy A Sonkin · License #3095715
(954) 547-7372
Added: Nov 8
Last Checked: Nov 9 at 10:06AM
MLS# B26097873
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8-unit cooperative apartment property contains approximately 4,000 square feet. Each residence has a one-bedroom, one-bathroom layout of about 500 square feet, with unit condition varying across the property. The building dates to 1960, and the roof was replaced in 2015. Termite tenting is noted for November 2025. Units are individually owned, and the current use is multifamily cooperative. Freehold land purchase has been completed.
The property occupies an approximately 0.2-acre corner lot in Fort Lauderdale, zoned RM-15. Restaurants and shopping along Las Olas Boulevard are two blocks away. Assigned parking is provided. Utilities and services include cable availability, public sewer, and well and public water sources. Cooling includes electric, window, and wall/window units, as well as ceiling fans.
The property occupies an approximately 0.2-acre corner lot in Fort Lauderdale, zoned RM-15. Restaurants and shopping along Las Olas Boulevard are two blocks away. Assigned parking is provided. Utilities and services include cable availability, public sewer, and well and public water sources. Cooling includes electric, window, and wall/window units, as well as ceiling fans.
Key Highlights
- 8 cooperative units, each with 1 bedroom, 1 bathroom and approximately 500 square feet
- Approximately 4,000 square feet on a 0.2‑acre corner lot
- RM‑15 zoning; current use is multifamily cooperative
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,065
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,300
$1.2M
Cap Rate 7%
$858,071
$858.1K
Cap Rate 9%
$667,389
$667.4K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$115.2K $28.80/SF
− Vacancy
−$6.0K −$1.50/SF
EGI
$109.2K $27.30/SF
− OpEx
−$49.1K −$12.29/SF
NOI
$60.1K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,300
Cap Rate 7%
$858,071
Cap Rate 9%
$667,389
Alternative Uses
Best Use
Apartment 5plus
$858.1K
$750.8K – $1.00M
NOI $60,065 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,160 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
5,695
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Market
Average Price Trend$/SF for Apartment buildings in Fort Lauderdale, FL
Properties on Market for Apartment buildings in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - RM-15 zoning and a corner parcel frame this existing cooperative multifamily property.
Where is this apartment building located?
The property is located at 1524 SE 2nd Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8 cooperative units, each with 1 bedroom, 1 bathroom and approximately 500 square feet; Approximately 4,000 square feet on a 0.2‑acre corner lot; RM‑15 zoning; current use is multifamily cooperative
