9-Unit Multifamily with Redevelopment
3315 SW 15th Ave 1-9 Fort Lauderdale, FL 33315
New
3315 SW 15th Ave 1-9, Fort Lauderdale, FL, 33315
$1,995,000
For Sale
$1,995,000
Nine-unit multifamily property on an oversized 37,000-square-foot lot with a unit mix of one- and two-bedroom homes.
Property Size9,000 SF
Lot Size0.85 Acres
Price / SF$221.67
Days on Market3
Property Features for 3315 SW 15th Ave 1-9
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.85 Acres
Building Details
- Year Built
- 1951
Listing agency
London Foster Realty
(954) 263-5234
Listed by
Joseph Iaciofano · License #3286424
Source
Mymiahomes
Added: Jul 20 Updated: Jul 21 at 7:29PM Checked: Jul 22 at 4:51AM
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 London Foster Realty
Investment Insights
Based on property information with market context.
This 9-unit multifamily property is offered on a 37,000-square-foot lot and includes three two-bedroom units and six one-bedroom units. The configuration features six standalone cottages along with three additional detached units, creating operational flexibility while maintaining a tenant-friendly mix.
The property is positioned near downtown Fort Lauderdale and offers quick access to major routes, including approximately one minute to I-95. It is also described as being about 3.5 miles from Las Olas Boulevard and 4.5 miles from Fort Lauderdale Beach.
The adjacent redevelopment pattern is noted as properties directly across the street being redeveloped into new-construction townhomes. The remarks indicate there may be an opportunity to construct up to nine townhomes of approximately 2,200 square feet each, subject to independent verification of zoning, density, and approvals by the buyer.
The property is positioned near downtown Fort Lauderdale and offers quick access to major routes, including approximately one minute to I-95. It is also described as being about 3.5 miles from Las Olas Boulevard and 4.5 miles from Fort Lauderdale Beach.
The adjacent redevelopment pattern is noted as properties directly across the street being redeveloped into new-construction townhomes. The remarks indicate there may be an opportunity to construct up to nine townhomes of approximately 2,200 square feet each, subject to independent verification of zoning, density, and approvals by the buyer.
Key Highlights
- 9‑unit multifamily property built in 1951 on a 37,000 SF lot
- Unit mix includes 3 two‑bedroom units and 6 one‑bedroom units
- Configured with six standalone cottages and three additional detached units for flexible operations
Local Financial Insights For Apartment 5plus
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 | $259.2k | $28.80 |
| − Vacancy | −$13.5k | −$1.50 |
| EGI | $245.7k | $27.30 |
| − OpEx | −$110.6k | −$12.29 |
| NOI | $135.1k | $15.02 |
9,000 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,147 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.05M
$5.29M – $7.06M
NOI $423,360 @ 7.0% cap · market cap 21.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property on an oversized 37,000-square-foot lot with a unit mix of one- and two-bedroom homes.
Where is this apartment building located?
The property is located at 3315 SW 15th Ave 1-9 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 9‑unit multifamily property built in 1951 on a 37,000 SF lot; Unit mix includes 3 two‑bedroom units and 6 one‑bedroom units; Configured with six standalone cottages and three additional detached units for flexible operations
