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842 NW 1st Ave Fort Lauderdale, FL $ 1,900,000
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$ 1,900,000 Get more info
842 NW 1st Ave
$ 1,900,000
Back to search
Share Save

842 NW 1st Ave

Fort Lauderdale, FL, 33311
$ 1,900,000
Bedrooms1 Baths1.0 Sq 4,753

Monthly Estimate*

$ 11,854

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Multi-Family Home for sale in Fort Lauderdale, FL

for $1,900,000 with 1 bedroom and 1 full bath. This 4,753 square foot home was built in 1973.

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.

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Multi-Family Active

Price

$ 1,900,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 20,453

Style

Year Built

1973

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11831358
Features
General
Sewer Public Sewer
Heating Other
Cooling Other
Utilities Cable Available
Possession Closing & Funding
Roof Built-Up Shingle
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1973
Stories Count 2
Levels Two
Property Subtype Quadruplex
Tax Year 2024
County Broward
Property Type Residential Income
Subdivision Name PROGRESSO
Rent Includes Gardener Hot Water Other Pest Control Sewer Trash Collection Water
Full Baths 1
Status Active
City Fort Lauderdale
Zoning Description RMM-25
Number Of Units Total 8
MLS Area 3810
Lot Size Units Square Feet
Listing Terms Cash Conventional Owner May Carry Other
Year Built Details Resale
Tax Annual Amount 20453
MLS Area Minor Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11831358
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Quadruplex
Legal Description PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259
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Interior
Flooring Other Tile
Half Baths 0
Total Bedrooms 1
Total Baths 0
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Exterior
Lot Features < 1/4 Acre
Total Parking 11
Building Area Total 4753
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Fausto Commercial Realty Consultants Inc

Broker

elevi@faustocommercial.com

Email

Affordability Calculator

$13,558
Per Month
87%
13%
0%
Monthly Principal & Interest
$11,854
Monthly Property Taxes
$1,704
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
10/22/2025 $1,900,000 Listed Price

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842 NW 1st Ave, Fort Lauderdale, FL, 33311 is a Multi-Family Home for sale at $1,900,000 with 4,753 sqft. 842 NW 1st Ave has 1 bedrooms, 1.0 baths, and was built in 1973. The property's zip code is 33311 which is in Fort Lauderdale, FL

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