Multifamily in Fort Lauderdale, FL 33311
South Middle River, 1515 NW 2nd Ave

Own in South Middle River?
Beds
1,523
SqFt
$322
$/SqFt
Premium Multifamily
Built in 1963
Patio
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.
MLS Number: A11718487
On Site: 643 Days
Updated: 131 Days ago
Page Views: 0
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Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Patio
      Interior, Heating and Cooling
      • Heating Description: Other
      • Cooling Description: CeilingFans, WallWindowUnits
      Building and Construction
      • Floor Description: Terrazzo
      • Year Built: 1963
      • Year Built Description: Resale
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2025-01-09T12:23:30.000-00:00
        Taxes, Fees & More
        • Taxes: 9702

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        Price History

        Current
        $490K
        High
        $650K
        Low
        $490K
        Total Change
        -24.6%
        $669K$570K$471KJan 25Mar 25Apr 25Jun 25Sep 25Nov 25Feb 26Apr 26May 26Jun 26
        Date
        Event
        Price
        Change
        Price Per
        06/02/2026
        Price Reduced
        $490K
        -2%
        $322 ft2
        $3,463 m2
        05/08/2026
        Price Reduced
        $500K
        -1.96%
        $328 ft2
        $3,534 m2
        04/01/2026
        Price Reduced
        $510K
        -1.92%
        $335 ft2
        $3,604 m2
        02/27/2026
        Price Reduced
        $520K
        -3.7%
        $341 ft2
        $3,675 m2
        11/25/2025
        Price Reduced
        $540K
        -1.82%
        $355 ft2
        $3,817 m2
        09/25/2025
        Price Reduced
        $550K
        -7.09%
        $361 ft2
        $3,887 m2
        06/05/2025
        Price Reduced
        $592K
        -1.33%
        $389 ft2
        $4,184 m2
        04/25/2025
        Price Reduced
        $600K
        -4.76%
        $394 ft2
        $4,241 m2
        03/24/2025
        Price Reduced
        $630K
        -3.08%
        $414 ft2
        $4,453 m2
        01/06/2025
        Listed
        $650K
         
        $427 ft2
        $4,594 m2
        06/02/2026
        $490K
        Event
        Price Reduced
        Change
        -2%
        Price Per
        $322 ft2
        $3,463 m2
        05/08/2026
        $500K
        Event
        Price Reduced
        Change
        -1.96%
        Price Per
        $328 ft2
        $3,534 m2
        04/01/2026
        $510K
        Event
        Price Reduced
        Change
        -1.92%
        Price Per
        $335 ft2
        $3,604 m2
        02/27/2026
        $520K
        Event
        Price Reduced
        Change
        -3.7%
        Price Per
        $341 ft2
        $3,675 m2
        11/25/2025
        $540K
        Event
        Price Reduced
        Change
        -1.82%
        Price Per
        $355 ft2
        $3,817 m2
        09/25/2025
        $550K
        Event
        Price Reduced
        Change
        -7.09%
        Price Per
        $361 ft2
        $3,887 m2
        06/05/2025
        $592K
        Event
        Price Reduced
        Change
        -1.33%
        Price Per
        $389 ft2
        $4,184 m2
        04/25/2025
        $600K
        Event
        Price Reduced
        Change
        -4.76%
        Price Per
        $394 ft2
        $4,241 m2
        03/24/2025
        $630K
        Event
        Price Reduced
        Change
        -3.08%
        Price Per
        $414 ft2
        $4,453 m2
        01/06/2025
        $650K
        Event
        Listed
        Price Per
        $427 ft2
        $4,594 m2
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by Carlos Pulido • Related General Realty, LLC. • Buyer Agency Compensation .
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        Community Snapshot
        2 – 7 BR
        Bedrooms
        $175K – $2.5M
        Price Tier
        664 - 7,318
        SqFt Range
        1954
        Year Build
        1
        Total Floors

        Subdivision Amenities

        None

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        South Middle River Communities in Fort Lauderdale, FL