842 NW 1st Ave Fort Lauderdale FL 33311 MLS #A11831358
842 NW 1st Ave
Fort Lauderdale, FL, 33311
$1,900,000
Beds
0 Baths
4,753 SqFt
0 Acres
$1,900,000
842 NW 1st Ave
Fort Lauderdale, FL, 33311
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Rare opportunity to acquire an 8-unit multifamily in Progresso Village, just off Andrews Ave and Sunrise Blvd in Downtown Fort Lauderdale. The property offers eight 1-bed/1-bath units with modern interiors, impact doors, separate meters, and upgrades including new kitchens, stone counters, walk-in closets, vanities, light fixtures, and cabinets. Currently 7 units are leased with 1 recently renovated and vacant, generating $146,568 gross income with upside as rents renew. Sitting on a 10,000 SF lot zoned RMM-25 and in process of rezoning to NW RAC, the site offers potential to double the unit count. With rare seller financing at 5.5% interest-only, this investment delivers strong cash flow and long-term redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors.

Property Details

Price:
$1,900,000
MLS #:
A11831358
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PROGRESSO
Neighborhood:
progresso
Listed Date:
Jul 5, 2025
Finished Sq Ft:
4,753
Total Sq Ft:
4,753
Year Built:
1973
Units:
8
DetachedProgressoProgressoProgresso

Schools

Interior

Cooling
Other
Flooring
Other, Tile
Heating
Other

Exterior

Architectural Style
Detached
Construction Materials
Concrete Block Construction, CBS Construction
Parking Spots
11
Roof
Built-Up, Shingle

Financial

Tax Year
2024
Taxes
$20,453
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Map

Current real estate data for Multi Family in Fort Lauderdale as of Mar 18, 2026
95
Multi Family Listed
127
Avg DOM
410
Avg $ / SqFt
$1,023,055
Avg List Price

Community

Subdivisions in Fort Lauderdale

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Property Summary

    Located in the PROGRESSO subdivision, 842 NW 1st Ave Fort Lauderdale FL is a Multi Family for sale in Fort Lauderdale, FL, 33311. It is listed for $1,900,000
842 NW 1st Ave
Fort Lauderdale, FL