Duplex with Separate
For Sale
Under Contract
$645,000
516 SW 15th Street, Fort Lauderdale, FL 33315
Residential Income, Fort Lauderdale, FL
Property Size1,382 SF
Lot Size0.15 Acres
Price / SF$466.71
Days on Market174
Property Features for 516 SW 15th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-15
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Pets allowed
No, Yes
Pool private
1
Exterior features
Barbecue, Courtyard, Garden, Storage
Fencing
Fenced, Perimeter, Gate
Subdivision
LAUDERDALE
Elementary school
Croissant Park
Middle school
New River
High school
Stranahan
Standard status
Active Under Contract
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
Legal Description
LAUDERDALE 2-9 D LOT 22 BLK 57
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
private fenced yard
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Flooring type
Tile, Wood, Vinyl
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: Oct 6
Last Checked: Oct 6 at 9:06PM
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 property contains two detached homes on a 0.15-acre parcel, with 1,382 square feet of building area. Each residence has its own fenced yard; the property also includes a private pool, courtyard, garden, and storage. The front home is accessed from SW 15th Street, while the rear home has alley access.
The property is in Fort Lauderdale, with access to I-95 and I-595. The listing also identifies downtown Fort Lauderdale, Fort Lauderdale-Hollywood International Airport, Broward Health, area marinas, and Fort Lauderdale Beach as nearby destinations. Zoning is RD-15.
The property is in Fort Lauderdale, with access to I-95 and I-595. The listing also identifies downtown Fort Lauderdale, Fort Lauderdale-Hollywood International Airport, Broward Health, area marinas, and Fort Lauderdale Beach as nearby destinations. Zoning is RD-15.
Key Highlights
- Two separate homes on one 0.15‑acre lot
- 1,382 square feet of building area
- RD‑15 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,038
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,760
$460.8K
Cap Rate 7%
$329,114
$329.1K
Cap Rate 9%
$255,978
$256.0K
Market Conditions
NOI Build-Up for 1,382 SF
Gross rent
$34.8K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$32.9K $23.81/SF
− OpEx
−$9.9K −$7.14/SF
NOI
$23.0K $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%
$460,760
Cap Rate 7%
$329,114
Cap Rate 9%
$255,978
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,038 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$928.7K
$812.6K – $1.08M
NOI $65,009 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,744
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two dwellings occupy one parcel, with individual fenced outdoor areas and access from both the street and alley.
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 $645,000.
What are key features of this property?
This property features: Two separate homes on one 0.15‑acre lot; 1,382 square feet of building area; RD‑15 zoning
