Duplex with Private Yard
516 SW 15th Street Fort Lauderdale, FL 33315
For Sale
$705,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size1,382 SF
Lot Size0.15 Acres
Price / SF$510.13
Days on Market101
Property Features for 516 SW 15th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RD-15
- Bedrooms
- 4
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2
- Pets allowed
- Yes, No
- Pool private
- 1
- Exterior features
- Barbecue, Courtyard, Garden, Storage
- Fencing
- Fenced, Perimeter, Gate
- Standard status
- Active
- APN
- 504215013180
- Size
- 1,382 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LAUDERDALE 2-9 D LOT 22 BLK 57
- Tax Annual Amount
- 12278
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Wood
- Building materials
- Stucco
- Roof type
- Flat
- Additional Structures
- Storage, Pergola
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Alex Simpson · License #3560581
(954) 295-4757
Added: Apr 16
Changed: Jul 25
Last Checked: Jul 25 at 4:06PM
MLS# B26016401
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.
Investment Insights
Based on property information with market context.
This duplex offers two completely separate homes on a single lot, providing independent space and privacy for each residence. Each home includes its own private fenced yard. The property is listed with a low-maintenance yard setup for outdoor use, and it did not flood in the 2023 generational flood event, according to the seller’s remarks.
Access is split between the front and rear homes. The front home is accessed from SW 15th Street, while the rear home has convenient alley access. The property is zoned RD-15 and sits on a 0.15-acre lot. The listing describes the area as convenient to major regional destinations, including downtown Fort Lauderdale, I-95 and I-595, Fort Lauderdale-Hollywood International Airport, boating marinas, Fort Lauderdale Beach, and Broward Health.
For buyers seeking either an owner-occupant setup or a straightforward leasing arrangement, the separate homes and private outdoor space support flexible occupancy decisions. The dual access points can also simplify day-to-day movement between residences without requiring shared common entry, while the duplex configuration keeps operations contained to one parcel.
Access is split between the front and rear homes. The front home is accessed from SW 15th Street, while the rear home has convenient alley access. The property is zoned RD-15 and sits on a 0.15-acre lot. The listing describes the area as convenient to major regional destinations, including downtown Fort Lauderdale, I-95 and I-595, Fort Lauderdale-Hollywood International Airport, boating marinas, Fort Lauderdale Beach, and Broward Health.
For buyers seeking either an owner-occupant setup or a straightforward leasing arrangement, the separate homes and private outdoor space support flexible occupancy decisions. The dual access points can also simplify day-to-day movement between residences without requiring shared common entry, while the duplex configuration keeps operations contained to one parcel.
Key Highlights
- Two completely separate homes on one lot, each with its own private fenced yard
- Front home accessed from SW 15th St; rear home accessed via alley
- Private pool plus low‑maintenance outdoor space with courtyard, garden, barbecue, and storage
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 | $34.8k | $25.20 |
| − Vacancy | −$1.9k | −$1.39 |
| EGI | $32.9k | $23.81 |
| − OpEx | −$9.9k | −$7.14 |
| NOI | $23.0k | $16.67 |
1,382 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,038 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$928.7K
$812.6K – $1.08M
NOI $65,009 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate homes on one lot, each with a private fenced yard and independent access for flexible living or leasing.
Where is this duplex located?
The property is located at 516 SW 15th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: Two completely separate homes on one lot, each with its own private fenced yard; Front home accessed from SW 15th St; rear home accessed via alley; Private pool plus low‑maintenance outdoor space with courtyard, garden, barbecue, and storage
