1515 NW 2nd Ave
Fort Lauderdale, FL 33311
3
Bed
2
Bath
1,523Sqft
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
Property Details
Map
Map
Features
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Interior Features
Roof: Shingle -
Heating & Cooling
Heating: Other Has Cooling: Yes Cooling: CeilingFans, WallWindowUnits
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Building Information
Year Built: 1963Building Area Total: 1523Construction Materials: BlockStories: 1Patio And Porch Features: PatioPool Features: NonePrivate Pool: No -
Exterior Features
Exterior Features: Patio
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Lot Information
Lot Description: LessThanQuarterAcreProperty Information
Subdivision: PROGRESSO Source Property Type: ResidentialIncome MLS Area Minor: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) Postal Code Plus 4: 5547 Zoning Description: RDS-15 Property SubType: Duplex Levels: One Property Age: 63
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Listing Price Information
Listing Price: $490000Original Price: $650000Cash, Conventional
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Tax Information
Parcel Number: 494234016370 Tax Year: 2024 Annual Tax: $9702 Tax Legal Desc: PROGRESSO 2-18 D LOT 9 BLK 32
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Parking Information
Parking Total: 3
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Utility Information
CableAvailable -
Location Information
Direction: Take I-95 to Sunrise Blvd and head east. Turn left (north) on NW 9th Ave (Powerline Rd), then right on NW 15th St. Turn left on NW 2nd Ave. Property is on the left side.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 510 NW 13th Street, Fort Lauderdale, FL, 33311 | $489,490 | 4 | 2 | 1,742 | 1,742 SqFt |
| 1100 NW 3rd Avenue #1-2, Fort Lauderdale, FL, 33311 | $525,000 | 2 | 2 | 1,137 | 1,137 SqFt |
| 1420 NW 5th Avenue, Fort Lauderdale, FL, 33311 | $565,000 | 3 | 3 | 1,615 | 1,615 SqFt |
| 1429 N Andrews Avenue, Fort Lauderdale, FL, 33311 | $455,000 | 2 | 2 | 1,000 | 1,000 SqFt |
| 926 - 932 NW 2nd St, Fort Lauderdale, FL, 33311 | $1,800,000 | 12 | 12 | 1,811 | 1,811 SqFt |
| 2800 W Sunrise Boulevard, Fort Lauderdale, FL, 33311 | $589,490 | -- | 4 | 1,734 | 1,734 SqFt |
| 25 NW 11th Street, Fort Lauderdale, FL, 33311 | $665,995 | 4 | 3 | 1,820 | 1,820 SqFt |
| 842 NW 1st Ave, Fort Lauderdale, FL, 33311 | $1,900,000 | 1 | 1 | 4,753 | 4,753 SqFt |
| 1304 NW 6th Ave, Fort Lauderdale, FL, 33311 | $515,000 | 3 | 2 | 1,275 | 1,275 SqFt |
| 1539 NW 8th Ave, Fort Lauderdale, FL, 33311 | $780,000 | 8 | 14 | 2,504 | 2,504 SqFt |
Similar Multifamily To 1515 NW 2nd Ave
Nearby For Sale
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ByOwner last updated this listing 06/21/2026 @ 15:17
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