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Pinnacle Real Estate Group – FL

1515 NW 2nd Avenue, Fort Lauderdale, FL 33311 (MLS# A12051695)

1515 NW 2nd Avenue, Fort Lauderdale, FL 33311

$465,000
Property Type: Residential Income Square Footage: 1,523 Status: Active
Current Price: $465,000 List Date: 7/10/2026 Last Modified: 8/31/2026

Overview

Description

5.86% EST. CAP RATE!! Fully rented duplex near highly desirable Wilton Manors generating $3,600/month in rental income. Tenants pay water and electricity, helping keep owner expenses low and providing immediate income from day one. Each unit offers its own washer/dryer, water heater, separate electric meter and private backyard—features that support tenant privacy and long-term rental appeal. Property features mostly PVC plumbing, no cloth wiring and newer appliances. Long-term tenants are already in place with active leases. Minutes from Wilton Manors, Las Olas, Flagler Village, Sistrunk Marketplace, Downtown Fort Lauderdale and the beach. An attractive opportunity for buy-and-hold or 1031 exchange investors seeking an occupied income-producing asset in a prime Fort Lauderdale location.

Listing Details MLS# A12051695

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: Washer Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Washer Unit 2 Parking Features: Parking Space

Contract Information

Comp Sale YN
No
Original List Price
490000

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
Special Assessment YN
No
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
9912
Tax Year
2025
Tax Legal Description
PROGRESSO 2-18 D LOT 9 BLK 32

Status Change Information

Major Change Timestamp
2026-08-21T21:54:51Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-08-21T21:54:51Z
Status Change Date
2026-07-10

More Information

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

Price Calculations

Current Price To SqFt
305.31

Section Details

Parcel Number MLX
6370

Originating Details

Originating System Key
529260878
Originating System ID
M00000151
IDX
Listing Office: Related General Realty, LLC.
Last Updated: August - 31 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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