Exceptional investment opportunity offering immediate cash flow, generating approximately $120,000 in annual revenue and a 7.5% CAP rate. The 11,300 SF lot features a 4-bedroom, 2-bath single-family home generating $2,800/month in rental income, plus a quadplex with four 2-bedroom, 1-bath units generating $1,800/month per unit, for an additional $7,200/month. An additional building is currently used for storage and may offer potential for conversion to a laundry facility or additional living space, providing an opportunity for additional income, subject to applicable approvals. A strong opportunity for investors seeking multiple income-producing units, existing cash flow, and future upside. Lot size and property information are based on BCPA records.
Multi-familyProperty Type
1957Year Built
0.26 acresLot Size
$299Price/Sq.Ft.
Listed by Michael Topow• Keller Williams Realty Consult
Dorsey-Riverbend, located between Sistrunk Boulevard and the North Fork of the New River, is a historic and river-adjacent Fort Lauderdale neighborhood with modest mid-century homes and leafy streets. The neighborhood’s character concentrates around the Sistrunk Blvd corridor near NW 9th Ave, where murals, small storefronts, and community institutions set an energetic street rhythm. Housing leans toward single-story ranches and older Florida bungalows, with pockets of newer infill. River edges and canals shape the geography, giving many blocks a tucked-away feel behind shade trees. Cultural anchors nearby include the African-American Research Library and Cultural Center, the Broward Center for the Performing Arts, and the Historic Ward Rooming House. Daily life orbits local parks, neighborhood churches, and the downtown arts district just east of the river.
Provided by Walk Score and Local Logic
Market insights
526 NW 15th Way · $1,200,000
DAYS ON MARKET
25 days
The average home goes pending in 80 days.
SALE-TO-LIST
94.4%
Most homes are selling 6% below list price.
LIST PRICE
$1,200,000
Median list price in this area is $739,875. (38% lower than this home)
PRICE DROP
0 price drops
16% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Tile and wood flooring
Flooring
Tile
Wood
Heating & cooling
Electric heating
Heat pump
Natural gas heating
Window/wall heating units
Ceiling fans
Ductless cooling
Wall/window cooling units
Heat pump cooling
Exterior features
Gazebo
Outbuilding and storage shed(s)
Fenced backyard
Home design
Quadruplex
Single-story (one level)
Resale condition
Construction
Block, stucco, and CBS construction
Flat roof
Utilities
Public water
Public sewer
Circuit breaker electric panel
Cable not available
Financial info
Two total units (property is a quadruplex in a 4-unit community)
No pets allowed for units
Electricity and solar
View estimated energy costs and solar savings for this home
HUGE duplex property in the heart of Ft. Lauderdale - OPPORTUNITY ZONE! 3 separate structures on 11,300 square feet of land. First building has 12 bedrooms, 2 bathrooms. Could be used as a boarding house, temporary housing or halfway house. Second building is a 4 bedroom 2 bathroom single family house and third building could include a laundry facility. Everything is brand new - completely renovated with permits. All major components are new including electrical, plumbing, flooring, kitchen and baths, walls, impact windows and doors and brand new roofs. Currently Vacant. READ BROKER REMARKS
Public Records
Oct 21, 2021
Sold
$615,000
$153/sq ft
Beaches MLS #F10210028
Feb 2, 2021
Listing Removed
—
Jan 6, 2020
Listed
$739,999
$185/sq ft
Beaches MLS #F10164530
Dec 31, 2019
Listing Removed
—
Feb 26, 2019
Listed
$799,000
$199/sq ft
Public Records
May 20, 2015
Sold
$63,571
$16/sq ft
MARMLS #A2019050
May 19, 2015
Sold
$65,000
$16/sq ft
Oct 13, 2014
Listed
$100,000
$25/sq ft
Public Records
Sep 25, 2012
Sold
$45,000
$11/sq ft
Public Records
Sep 11, 1989
Sold
$30,000
$7/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$21,674 (+16.2%)
2024
$18,659 (+5.8%)
2023
$17,636 (+11.5%)
2022
$15,816 (+1.1%)
$33,900 + $546,800
$580,700
2021
$15,640 (+1.6%)
$33,900 + $543,600
$577,500
2020
$15,398 (+5.5%)
$33,900 + $533,530
$567,430
2019
$14,589 (+324.9%)
$33,900 + $533,530
$567,430
2018
$3,434
$33,900 + $533,530
$567,430
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
1968
Finished Sq. Ft.
3,816
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,816
Year built
1957
Style
Multi-Family (5+ Unit)
County
Broward County
APN
504204240470
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
RS-8
Residential Single Family/Low Medium Density District
RS-8 district is intended to provide areas within the city for single family detached residences and accessory uses. The RS-8 district has a maximum density of eight dwelling units per net acre, which is consistent with the density permitted by the residential low-medium category of the citys comprehensive plan.
Permitted uses
Include but are not limited to:
Agriculture
Day care facility
Housing-Group
Housing-Single unit
Park & open space
Sep 5, 2024 • Final
Plumbing meter install
Install a new water meter.
Electrical
Electric meter
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
6/10 Flood Factor
Estimated 61-75% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 26 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Fort Lauderdale, FL • 33311
Average low and high temperatures (°F)
75
60
77
63
80
67
82
72
88
77
89
79
90
79
92
79
89
78
85
76
81
69
78
66
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 526 NW 15th Way
$1,142,120
$58K under list price of $1.20M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $573K to $965K.