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1515 NW 2nd Ave, Fort Lauderdale FL 33311

Multi-family For Sale
$490,000

BTC: 7.53846154

ETH: 257.53689610

22 days
0 room(s)
1,523 sqft

Overview

4.88% ROI! Incredible investment opportunity just steps from Wilton Manors—one of South Florida’s most desirable and rapidly growing rental markets. This fully rented duplex produces $3,600/month with an estimated 4.88% cap rate, offering immediate cash flow with long-term upside. Each unit has its own washer/dryer, water heater, private electric meter, and spacious backyard—ideal for tenants seeking comfort and privacy. Recent updates include PVC plumbing (no cast iron), no cloth wiring, and newer appliances. Located minutes from Las Olas, Fort Lauderdale Beach, Sistrunk Marketplace, Flagler Village, and major retailers like Publix and Home Depot. Long-term tenants in place with active leases. Whether you're looking for a strong ROI, a 1031 exchange, or a turnkey asset in a prime location.

Location

Florida • Fort Lauderdale • 33311 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1963
Lot:
No Data
Heating:
Other
Price/sqft:
$322
Cooling:
Ceiling Fan(s) / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$485,000
$404K – $826K
Confidence Low
List vs. estimate
At estimate
List $490,000 · +1.0%
List is in line with recent comparable activity.
Price per sq ft
$321
-21.7% vs. city median $410
Based on
20 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,912
2025
Parking
3 spaces
All facts and features

  • Flooring

    • Terrazzo

    Heating

    • Other

    Cooling

    • Ceiling Fan(s)

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 494234016370

    • Zoning: RDS-15

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $9,912

  • Source details

    • MLS ID: A12051695

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Patio

    • Architectural Style: Attached

    • Living Area: 1523

    • Subdivision Name: PROGRESSO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33311
458
median $429K
Active
Same city
Fort Lauderdale
2,816
median $699K
Active
Same type
Multi-family
164
median $985K
Active
Similar price
$343K – $637K
728
median $470K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Related General Realty, LLC.