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1515 NW 2nd Avenue, Fort Lauderdale, FL 33311

$490,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11718487

Property Type: Residential Income Square Footage: 1,523 Status: Active

Current Price: $490,000 List Date: 1/09/2025 Last Modified: 6/02/2026

Overview

Description

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 Details MLS# A11718487

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 1523
Living Area Main: 1523
Adjusted Area Main: 1523
Year Built: 1963
Parking Total: 3
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Other Available Information Flooring: Terrazzo Property Condition: Resale Structure Type: Duplex Construction Materials: CBS Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Separate Meters; Other Listing Terms: Cash; Conventional Possession: Negotiable Roof: Shingle Utilities: Cable Available; Sewer Available Showing Requirements: Call Listing Agent Outdoor Living Spaces: Patio Unit 1 Appliances: Dryer; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Dryer; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space

Contract Information

Comp Sale YN: No
Original List Price: 650000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 1515
Street Direction Prefix: NW
Street Name: 2nd
Street Suffix: Avenue
City Name: Fort Lauderdale
State Or Province: FL
Postal Code: 33311
Postal Code +4: 5547
Postal Zip: 33311
Subdivision Name: PROGRESSO
Area: 3390
Geographic Area: FTNW - Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Elementary School: Thurgood Marshall
Middle Or Junior School: Sunrise
High School: Dillard 6-12
Parcel Number: 494234016370
Subdivision Number: Yes
Zoning: RDS-15
Flood Zone: AE
Directions: 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.

Financial Information

Tax Annual Amount: 9702
Tax Year: 2024
Tax Legal Description: PROGRESSO 2-18 D LOT 9 BLK 32

Status Change Information

Major Change Timestamp: 2026-06-02T20:25:42Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-02T20:25:42Z
Status Change Date: 2025-01-09

More Information

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Income: 3600

Unit 1 Details

Actual Rent: 1600
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 2000
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished

Unit 2 Lease Description

Currently Leased YN: Yes

Section Details

Parcel Number MLX: 6370

Originating Details

Originating System Key: 405227367
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Flooring

Terrazzo: Yes

Property Condition

Resale: Yes

Documents Available

Other Available Information: Yes

Structure Type

Duplex: Yes

Possession

Negotiable: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes

Heating

Separate Meters: Yes
Other: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Shingle: Yes

Cooling

Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Showing Requirements

Call Listing Agent: Yes

Outdoor Living Spaces

Patio: Yes

Unit 1 Appliances

Dryer: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Dryer: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Documents

Recent upgrades in the property ›

Net Operating Income - 1515 NW 2nd Ave F ›

Listing Office: Related General Realty, LLC.

Last Updated: June - 02 - 2026

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