Income-Producing Fourplex on Corner
For Sale
$660,000
2216 NW 15th Ave Fort, Fort Lauderdale, FL 33311
Fourplex with park views, spacious layouts, and in-unit laundry.
Property Size2,612 SF
Price / SF$252.68
Days on Market273
Property Features for 2216 NW 15th Ave Fort
General Information
Standard status
Active
Size
2,612 SF
Property subtype
Quadruplex
Amenities
Central
Central Air
Cable Not Available, Flat, Tile
Building Details
Building Size
2,612 SF
Year Built
1995
Listing Agency:
KW Miami Eagle Realty
Listed By:
Ana Waxman · License #3165926
(305) 450-6878
Source:
Kw
Added: Jan 22
Changed: Oct 21
Last Checked: Oct 21 at 12:36AM
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 KW Miami Eagle Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This income-producing fourplex is situated on a corner lot at the end of a quiet, dead-end street, offering views of Millspond Park. Each unit features a spacious layout and an open kitchen equipped with a snack counter. For convenience, each unit also includes its own in-unit washer and dryer. Separate meters are installed for each unit. The property, with a size of 2612 square feet, presents a strong rental appeal due to its prime location, making it an excellent investment opportunity.
Key Highlights
- Income‑producing fourplex: Immediate return on investment.
- Prime location: Strong rental appeal.
- Corner lot on a quiet dead‑end street: Enhanced privacy and reduced traffic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,542
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,840
$870.8K
Cap Rate 7%
$622,029
$622.0K
Cap Rate 9%
$483,800
$483.8K
Market Conditions
NOI Build-Up for 2,612 SF
Gross rent
$65.8K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$62.2K $23.81/SF
− OpEx
−$18.7K −$7.14/SF
NOI
$43.5K $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%
$870,840
Cap Rate 7%
$622,029
Cap Rate 9%
$483,800
Alternative Uses
Best Use
Multifamily LT 5
$622.0K
$544.3K – $725.7K
NOI $43,542 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$560.3K
$490.3K – $653.7K
NOI $39,223 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,868 @ 7.0% cap · market cap 18.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
776
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?
Quadplex - Fourplex with park views, spacious layouts, and in-unit laundry.
Where is this quadplex located?
The property is located at 2216 NW 15th Ave Fort Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Income‑producing fourplex: Immediate return on investment.; Prime location: Strong rental appeal.; Corner lot on a quiet dead‑end street: Enhanced privacy and reduced traffic.
