Updated Two-Unit
For Sale
$510,000
630 NE 15th Ct, Fort Lauderdale, FL 33304
Residential Income, Fort Lauderdale, FL
Property Size1,306 SF
Price / SF$390.51
Days on Market48
Property Features for 630 NE 15th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RS-8
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Parking
4
Exterior features
Fence
Fencing
Fenced
Subdivision
CASPER SUB
Lot features
< 1/4 Acre
Standard status
Active
APN
494235250040
Size
1,306 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CASPER SUB 25-32 B LOT 3 E 10,4
Tax Annual Amount
9467
Legal Description
CASPER SUB 25-32 B LOT 3 E 10,4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
updated kitchens and bathrooms
impact windows
in-unit washer and dryer
private yard space
Building Details
Year built
1979
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Jeffrey Mathurin · License #3262270
(954) 798-6681
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 13 at 2:06PM
MLS# A11976190
Copyright © 2026 Miami REALTORS®. 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 1,306-square-foot duplex in Fort Lauderdale contains two 1-bedroom, 1-bathroom units. Both residences include updated kitchens and bathrooms, tile flooring, impact windows, in-unit washers and dryers, private yard space, and two dedicated parking spaces per unit. The block-built property was constructed in 1979 and features central heating, central air, a shingle roof, fencing, and public sewer service.
Separate water and electric meters support independent utility tracking. One tenancy runs through 10/31/26, while the other is month to month. Located at 630 NE 15th Ct in Fort Lauderdale, the property combines a two-unit layout with distinct outdoor areas and dedicated parking for each residence.
Separate water and electric meters support independent utility tracking. One tenancy runs through 10/31/26, while the other is month to month. Located at 630 NE 15th Ct in Fort Lauderdale, the property combines a two-unit layout with distinct outdoor areas and dedicated parking for each residence.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units within a 1,306‑square‑foot duplex
- Updated kitchens and bathrooms in both units
- Impact windows and in‑unit washer and dryer for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,771
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$435,420
$435.4K
Cap Rate 7%
$311,014
$311.0K
Cap Rate 9%
$241,900
$241.9K
Market Conditions
NOI Build-Up for 1,306 SF
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.
Gross rent
$32.9K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.1K $23.81/SF
− OpEx
−$9.3K −$7.14/SF
NOI
$21.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$435,420
Cap Rate 7%
$311,014
Cap Rate 9%
$241,900
Alternative Uses
Best Use
Multifamily LT 5
$311.0K
$272.1K – $362.9K
NOI $21,771 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$280.2K
$245.1K – $326.9K
NOI $19,611 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$877.6K
$767.9K – $1.02M
NOI $61,434 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
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 - Separately metered units offer refreshed kitchens and baths, impact windows, private yard areas, and dedicated parking.
Where is this duplex located?
The property is located at 630 NE 15th Ct Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units within a 1,306‑square‑foot duplex; Updated kitchens and bathrooms in both units; Impact windows and in‑unit washer and dryer for each residence
