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    Fort Lauderdale Multifamily Opportunity Title is generated by Realmo AI

    633 NW 15th Avenue, Fort Lauderdale, FL

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    Claim this Listing
    Pending
    $695,000

    COMMERCIAL - Fort Lauderdale, FL

    Property size:
    2,622 SF
    Added:
    Apr 25, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 10 at 3:06 pm

    Property Features for 633 NW 15th Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    RC-15
    Standard status
    Pending
    APN
    504204230430
    Size
    2,622 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    DORSEY PARK 19-5 B LOTS 23 & 24 BLK 3
    Tax Annual Amount
    21257

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1958
    Floors in Building
    1
    Flooring type
    Tile
    Roof type
    Flat

    We can help!

    Listing Contact
    Elaina Torres-Salinas

    Listing agent Elaina Torres-Salinas License #3516791

    Listing office LPT Realty, LLC 1400 S International Parkw Suite 1020, Lake Mary, FL

    Listing date Apr 25, 2026

    MLS# B26020398

    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.

    HighLights

    • Four‑unit multifamily property in three separate buildings
    • Interiors were renovated a few years ago
    • Built in 1958
    • Flat roof and tile flooring
    • Utilities include public water and public sewer
    • Walking distance to several local parks; just north of Sistrunk Blvd with easy access to Sunrise and Broward Blvd

    Overview

    This property features a total of four units situated within three separate buildings. The property was previously configured as eleven units and retains that build-out. Interior renovations were completed in recent years. The site offers ample parking and outdoor space. Located just north of Sistrunk Blvd, the property is within walking distance of several local parks and provides convenient access to Sunrise and Broward Blvd. It is approximately 5 minutes from downtown Ft Lauderdale and Flagler Village. The property is located in an opportunity zone. The owner is selling the property in as-is condition. The property is zoned RC-15 and has a total size of 2622 square feet.

    Local Financial Insights For Apartment 5plus

    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 $75.5k $28.80
    − Vacancy −$3.9k −$1.50
    EGI $71.6k $27.30
    − OpEx −$32.2k −$12.29
    NOI $39.4k $15.02
    2,622 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $562.5K
    $492.2K – $656.2K (±1% cap)
    NOI $39,373 @ 7.0% cap · market cap 5.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.76M
    $1.54M – $2.06M (±1% cap)
    NOI $123,339 @ 7.0% cap · market cap 17.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.16226
    Latitude
    26.130332

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    FAQs

    What type of property is this?
    Multifamily property - Four units in three buildings near downtown Fort Lauderdale.
    Where is this multifamily property located?
    The property is located at 633 NW 15th Avenue Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Four‑unit multifamily property in three separate buildings; Interiors were renovated a few years ago; Built in 1958
    (954) 681-1331
    We can help!
    Listing Contact
    Elaina Torres-Salinas
    Real Estate License ID: 3516791
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