Income-Generating Triplex
715 NW 15TH Ter 1-3 Fort Lauderdale, FL 33311
New
For Sale
$615,000
Triplex with three occupied 2-bedroom, 1-bath units, each with a patio and washer/dryer, plus recent roof and remodels.
Days on Market7
Property Features for 715 NW 15TH Ter 1-3
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1961
Listing Agency:
BROOKFIELD EXECUTIVE REAL ESTATE LLC
(954) 429-5649
Listed By:
Devin M Ruiz · License #3318029
(954) 429-5649
Source:
Elliman
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 29 at 10:43AM
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 BROOKFIELD EXECUTIVE REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This income-producing triplex includes three tenant-occupied 2-bedroom, 1-bath units with functional, matching floor plans. Each unit features a living area and kitchen, along with bedrooms and a bathroom. Patio areas and a washer/dryer are included for each unit.
The property is described as having a roof replacement completed in 2026, and bathrooms that have been newly remodeled. With all three units already in place, the triplex is positioned for stabilized multi-family ownership.
Each unit shares the same basic layout design, supporting a straightforward rental configuration within the triplex structure.
The property is described as having a roof replacement completed in 2026, and bathrooms that have been newly remodeled. With all three units already in place, the triplex is positioned for stabilized multi-family ownership.
Each unit shares the same basic layout design, supporting a straightforward rental configuration within the triplex structure.
Key Highlights
- Income‑producing triplex with three tenant‑occupied 2‑bedroom, 1‑bath units
- Each unit has its own patio and washer/dryer
- 2026 roof replacement
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 | $46.7k | $25.20 |
| − Vacancy | −$2.6k | −$1.39 |
| EGI | $44.1k | $23.81 |
| − OpEx | −$13.2k | −$7.14 |
| NOI | $30.9k | $16.67 |
1,853 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$441.3K
$386.1K – $514.8K
NOI $30,889 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$397.5K
$347.8K – $463.8K
NOI $27,825 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,165 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three occupied 2-bedroom, 1-bath units, each with a patio and washer/dryer, plus recent roof and remodels.
Where is this triplex located?
The property is located at 715 NW 15TH Ter 1-3 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Income‑producing triplex with three tenant‑occupied 2‑bedroom, 1‑bath units; Each unit has its own patio and washer/dryer; 2026 roof replacement
