1515 NW 2nd Ave

Fort Lauderdale, FL 33311
  • $490,000

    Price
  • 3

    Bed
  • 2

    Bath
  • 1,523

    SqFt

About the Listing SEFRISR01 - SEF3317675,SEF3145441

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.

Listing Highlights

Status Active
Days on Site 24
Property Type Multi-Family
MLS ® A12051695
Year Built 1963
Total Square Footage 1,523
Lot/Acreage N/A
County Broward
Neighborhood Progresso
Area 3390
Elementary School Thurgood Marshall
Middle School Sunrise
High School Dillard 6-12

Interior Details

  • Bedrooms: 3
  • Bathrooms: 2 Full
  • Appliances:
  • Air Cond: Ceiling Fan(s),Wall/Window Unit(s)
  • Heating: Separate Meters
  • Fireplaces:
  • Floor: Terrazzo
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Parking Spaces: 3
  • Zoning: RDS-15
  • Roof: Shingle
  • Others: Outdoor Living Area
  • Sewer:

Financial Details

  • Tax Amount: $9,912
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 494234016370
  • Tax Year: 2025

Payment Calculator

Monthly Payment

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  • in Taxes
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Questions About..

1515 NW 2nd Ave Fort Lauderdale, FL 33311

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Originating MLS: BEACH

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Nicole Gary

CEO - The Nicole Gary Team | The Nicole Gary Team

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