Duplex With Separate
For Sale
$705,000
516 SW 15th Street 1-1, Fort Lauderdale, FL 33315
Two private fenced yards provide flexible outdoor space for both residences.
Days on Market110
Property Features for 516 SW 15th Street 1-1
General Information
Standard status
Active
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,382 SF
Year Built
1952
Buildings
2
Listing Agency:
LoKation
(954) 295-4757
Listed By:
Alex Simpson · License #3560581
(954) 295-4757
Source:
Tylertuchow
Added: Apr 16
Changed: Jul 31
Last Checked: Aug 2 at 11:42AM
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 LoKation
Investment Insights
Based on property information with market context.
This duplex property includes two completely separate homes on one lot, with each residence having its own private fenced yard. The front home is accessed from SW 15th St, while the rear home has separate alley access. Built in 1952, the layout provides distinct residential spaces with dedicated outdoor areas.
The property is located at 516 SW 15th Street in Fort Lauderdale’s Croissant Park area, with access to downtown Fort Lauderdale, I-95, I-595, Fort Lauderdale-Hollywood International Airport, boating marinas, Fort Lauderdale Beach, and Broward Health. The property did not flood in the 2023 generational flood.
The property is located at 516 SW 15th Street in Fort Lauderdale’s Croissant Park area, with access to downtown Fort Lauderdale, I-95, I-595, Fort Lauderdale-Hollywood International Airport, boating marinas, Fort Lauderdale Beach, and Broward Health. The property did not flood in the 2023 generational flood.
Key Highlights
- Two completely separate homes on one lot
- Private fenced yard for each residence
- Front home access from SW 15th St
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 authorities.
Property Analytics
Current Use
Lease Details
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two private fenced yards provide flexible outdoor space for both residences.
Where is this duplex located?
The property is located at 516 SW 15th Street 1-1 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; Private fenced yard for each residence; Front home access from SW 15th St
