Four-Unit Multifamily
316 SW 15TH Street, Fort Lauderdale, FL 33315
For Sale
New
$969,000
Residential Income, Fort Lauderdale, FL
Property Size2,790 SF
Lot Size0.15 Acres
Price / SF$347.31
Days on Market3
Property Features for 316 SW 15TH Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
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
Flooring type
Building materials
Roof type
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Edward Gurovich · License #3367861
(954) 667-8487
Added: Nov 7
Last Checked: Nov 9 at 5:06AM
MLS# B26097683
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 1966 multifamily property contains four units, each arranged with two bedrooms and one bathroom. The building encompasses 2,790 square feet on a 0.15-acre parcel and is constructed of block and stucco. RM-15 zoning applies, and all four units are currently occupied.
The property is in Fort Lauderdale, with downtown Fort Lauderdale, Broward Medical Hospital, Las Olas, beaches, FLL airport, Port Everglades, shopping, dining, and major roadways identified in the surrounding area. Public water and public sewer serve the property.
The property is in Fort Lauderdale, with downtown Fort Lauderdale, Broward Medical Hospital, Las Olas, beaches, FLL airport, Port Everglades, shopping, dining, and major roadways identified in the surrounding area. Public water and public sewer serve the property.
Key Highlights
- Four occupied units, each with a two‑bedroom, one‑bathroom layout
- 2,790‑square‑foot building on a 0.15‑acre parcel
- RM‑15 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,509
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,180
$930.2K
Cap Rate 7%
$664,414
$664.4K
Cap Rate 9%
$516,767
$516.8K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$70.3K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$66.4K $23.81/SF
− OpEx
−$19.9K −$7.14/SF
NOI
$46.5K $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%
$930,180
Cap Rate 7%
$664,414
Cap Rate 9%
$516,767
Alternative Uses
Best Use
Multifamily LT 5
$664.4K
$581.4K – $775.2K
NOI $46,509 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$598.5K
$523.7K – $698.3K
NOI $41,896 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,242 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Fort Lauderdale, FL
Properties on Market for Quadplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each of the four leased units has two bedrooms and one bathroom.
Where is this quadplex located?
The property is located at 316 SW 15TH Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Four occupied units, each with a two‑bedroom, one‑bathroom layout; 2,790‑square‑foot building on a 0.15‑acre parcel; RM‑15 zoning
