Tenant-Occupied
For Sale
$585,000
715 NW 15TH Terrace 1-3, Fort Lauderdale, FL 33311
Three matching residences offer established occupancy, private patios, and in-unit laundry areas.
Property Size1,853 SF
Days on Market65
Property Features for 715 NW 15TH Terrace 1-3
General Information
Standard status
Active
Size
1,853 SF
Property subtype
Triplex
Site & Location
Neighborhood
Dhoa
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,760
Amenities
patio
washer/dryer in unit
Building Details
Building Size
1,853 SF
Year Built
1961
Buildings
1
Tenancy
Multi
Listing Agency:
Brookfield Executive Real Esta
Listed By:
Devin M Ruiz · License #3318029
(954) 429-5649
Source:
Tylertuchow
Added: Aug 21
Changed: Oct 19
Last Checked: Oct 23 at 5:06PM
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 Esta
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Investment Insights
Based on property information with market context.
This triplex, built in 1961, contains three tenant-occupied residences with matching floor plans. Each unit includes two bedrooms, one bathroom, a living area, and a kitchen, along with a private patio area and washer-dryer setup. Newly remodeled bathrooms and a roof replacement completed in 2026 add recent updates to the property.
The property is located at 715 NW 15TH Ter in Fort Lauderdale. Walk Score is 63, characterized as Somewhat Walkable; Bike Score is 58, or Bikeable; and Transit Score is 42, indicating Some Transit. All three residences are currently occupied, providing an existing multifamily configuration with consistent layouts across the building.
The property is located at 715 NW 15TH Ter in Fort Lauderdale. Walk Score is 63, characterized as Somewhat Walkable; Bike Score is 58, or Bikeable; and Transit Score is 42, indicating Some Transit. All three residences are currently occupied, providing an existing multifamily configuration with consistent layouts across the building.
Key Highlights
- Three tenant‑occupied units, each with 2 bedrooms and 1 bathroom
- Matching floor plans across all three residences
- Private patio areas and washer‑dryer setup for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,889
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,780
$617.8K
Cap Rate 7%
$441,271
$441.3K
Cap Rate 9%
$343,211
$343.2K
Market Conditions
NOI Build-Up for 1,853 SF
Gross rent
$46.7K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.1K $23.81/SF
− OpEx
−$13.2K −$7.14/SF
NOI
$30.9K $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 Rate 5%
$617,780
Cap Rate 7%
$441,271
Cap Rate 9%
$343,211
Alternative Uses
Best Use
Multifamily LT 5
$441.3K
$386.1K – $514.8K
NOI $30,889 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$397.5K
$347.8K – $463.8K
NOI $27,825 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,165 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three matching residences offer established occupancy, private patios, and in-unit laundry areas.
Where is this triplex located?
The property is located at 715 NW 15TH Terrace 1-3 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Three tenant‑occupied units, each with 2 bedrooms and 1 bathroom; Matching floor plans across all three residences; Private patio areas and washer‑dryer setup for each unit
