615 SW 14th Avenue # 2 #1-2 Fort Lauderdale, FL 33312
Two updated 2-bedroom, 1-bath homes on one lot offer flexible living arrangements and rental income potential.
Property Features for 615 SW 14th Avenue # 2 #1-2
General Information
- Standard status
- Active
- Size
- 1,722 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing office Sellstate 360 Realty (954) 765-0700
Listing date Apr 9, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Located in the Riverside Park neighborhood of Fort Lauderdale, the property is within a couple of blocks of a sports park and playground. It is also around the corner from Abiaka Park on the New River, offering nearby access to outdoor recreation such as paddle boarding and other water activities.
From a practical standpoint, this arrangement can appeal to buyers who want a straightforward two-unit residential asset without giving up the familiarity of single-family living. For investors, the presence of two updated, independently usable homes on one lot supports a simple rental-income strategy, while owner-occupants may value the ability to share the same property footprint with family or use one unit to help offset housing expenses.
Key Highlights
- Year built 1931 with two single‑family homes on the same lot
- Each home is an updated 2‑bedroom, 1‑bath layout
- Flexible setup for extended family living and/or rental income
Local 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 | $43.4k | $25.20 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $41.0k | $23.81 |
| − OpEx | −$12.3k | −$7.14 |
| NOI | $28.7k | $16.67 |
