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848 NW 2nd Ave Fort Lauderdale, FL $ 975,000
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848 NW 2nd Ave
$ 975,000
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Share Save

848 NW 2nd Ave

Fort Lauderdale, FL, 33311
$ 975,000
Bedrooms3 Baths5.0 Sq 1,936

Monthly Estimate*

$ 6,003

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Multi-Family Home for sale in Fort Lauderdale, FL

for $975,000 with 3 bedrooms and 5 full baths. This 1,936 square foot home was built in 1972.

Prime 5-unit multifamily in booming Progresso Village, just minutes from Flagler Village, the Brightline station, and the beach. Fully occupied and cash flowing from day one, the property features three 1-bed/1-bath units and two studios, all rented to long-term tenants—most over 5 years. Current monthly income is $8,200 with room for additional upside through future rent increases or improvements, delivering an attractive 8.13% cap rate. Interiors have been lightly updated, and the property includes separate electric meters and low-maintenance operations. Zoned RMM-25 with redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Rare seller financing offered at 5.5% interest-only for 3 years with 35% down.

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Multi-Family Contingent

Price

$ 975,000

Bedrooms

3

Full Bath

5

Property Type

Multi-Family

Taxes

$ 10,779

Style

Year Built

1972

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11841385
Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available
Possession Closing & Funding
Roof Built-Up Shingle
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1972
Stories Count 1
Levels One
Property Subtype Quadruplex
Tax Year 2024
County Broward
Property Type Residential Income
Contingency Pending Inspections
Subdivision Name PROGRESSO
Rent Includes Gardener Hot Water Other Pest Control Sewer Trash Collection Water
Full Baths 5
Status Active Under Contract
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 10779
MLS Area Minor Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11841385
Standard Status Active Under Contract
Occupancy Type Call Agent
Property Sub Type Additional Quadruplex
Legal Description PROGRESSO 2-18 D LOT 47 48 BLK 260
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Interior
Flooring Other Tile Vinyl
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 3
Total Baths 0
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Exterior
Lot Features < 1/4 Acre
Total Parking 8
Building Area Total 1936
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

$6,901
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,003
Monthly Property Taxes
$898
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1/5/2026 $975,000 -7.14% Price Down
10/22/2025 $1,050,000 Listed Price

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848 NW 2nd Ave, Fort Lauderdale, FL, 33311 is a Multi-Family Home for sale at $975,000 with 1,936 sqft. 848 NW 2nd Ave has 3 bedrooms, 5.0 baths, and was built in 1972. The property's zip code is 33311 which is in Fort Lauderdale, FL

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