Income-Generating Fourplex on Corner
2216 NW 15th Ave Fort Lauderdale, FL 33311
2216 NW 15th Ave, Fort Lauderdale, FL, 33311
$745,000
For Sale
$745,000
MULTI_FAMILY - Other - Fort Lauderdale, FL
Property Size2,612 SF
Price / SF$285.22
Days on Market29
Property Features for 2216 NW 15th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 2
- Parking
- 4
- Standard status
- Active
- APN
- 494228190340
- Size
- 2,612 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FT LAUDERDALE ESTATES 1ST ADD 80-28 B LOT 17 BLK 6
- Tax Annual Amount
- 12754
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1995
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Tile, Flat
- Architectural style
- Other
Listing Agency
Keller Williams Eagle Realty
(305) 757-1700
700 NE 90 Street, Miami, FL
Listed by
Ana Waxman · License #3165926
(305) 450-6878
Added: Jun 23 Updated: Jul 18 at 1:38 am Checked: Jul 20 at 11:06 pm
MLS# A11949222
Listing URL
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 income-producing fourplex is set on a corner lot and offers spacious residential layouts across four units. Each unit includes an open kitchen with snack counters, an in-unit washer/dryer, and separate meters for individual utility responsibility. A roof replacement is noted as recently completed, which can help support near-term property maintenance planning.
The property sits at the end of a quiet dead-end street, contributing to a more private setting. Park views are described over Millspond Park, adding a pleasant visual element from the site.
With three key in-unit features—open kitchen design, in-unit laundry, and separate meters—this property may fit buyers or operators looking for a straightforward four-unit rental setup. The corner-lot position and end-of-street location can be attractive to residents seeking reduced through-traffic while still having on-site privacy. For investors evaluating a residential income property in Fort Lauderdale, this fourplex presents a clean, unit-by-unit utility arrangement along with a recently replaced roof.
The property sits at the end of a quiet dead-end street, contributing to a more private setting. Park views are described over Millspond Park, adding a pleasant visual element from the site.
With three key in-unit features—open kitchen design, in-unit laundry, and separate meters—this property may fit buyers or operators looking for a straightforward four-unit rental setup. The corner-lot position and end-of-street location can be attractive to residents seeking reduced through-traffic while still having on-site privacy. For investors evaluating a residential income property in Fort Lauderdale, this fourplex presents a clean, unit-by-unit utility arrangement along with a recently replaced roof.
Key Highlights
- Income‑producing fourplex on a corner lot at the end of a quiet dead‑end street with park views over Millspond Park
- Block construction with tile flooring throughout and roof with tile and flat sections
- Built in 1995 with central heating and central air conditioning
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 | $65.8k | $25.20 |
| − Vacancy | −$3.6k | −$1.39 |
| EGI | $62.2k | $23.81 |
| − OpEx | −$18.7k | −$7.14 |
| NOI | $43.5k | $16.67 |
2,612 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.0K
$544.3K – $725.7K
NOI $43,542 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$560.3K
$490.3K – $653.7K
NOI $39,223 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,868 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Soccer Field C
Gym & Fitness Center
Soccer Field #3
Park
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units with open kitchens, in-unit laundry, and separate meters, positioned on a corner lot.
Where is this quadplex located?
The property is located at 2216 NW 15th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Income‑producing fourplex on a corner lot at the end of a quiet dead‑end street with park views over Millspond Park; Block construction with tile flooring throughout and roof with tile and flat sections; Built in 1995 with central heating and central air conditioning
