842 NW 1st Ave, Fort Lauderdale, FL 33311 - Photo 1

1/1

$1,650,000

Sold
Closed
Multi-Family
8 Units

1/1

Property Description

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.

Full Property Details

Full Property Details for 842 NW 1st Ave

General

Sold For: $1,650,000
Taxes: $20,453 (2024)
Status: Closed
Type: Multi-Family
Source: Greater_Miami
MLS ID: A11831358
Added to Site: 461 day(s) ago

Rental Information

Rent Includes: Hot Water, Gardener, Other Rent Incl, Pest Control, Sewer, Trash Collection, Water

Interior

Flooring: Other, Tile

Parking

Total Spaces: 11

Location

Area: Progresso
County: Broward County
Subdivision: PROGRESSO
Building Name: PROGRESSO

Community

Community Name: Progresso
Units Assoc/Comm: 1

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Other
Heating Type: Other

Utilities

Sewer: Public Sewer

Structural Information

Architectural Style: Detached
Structure Type: Quadruplex, Fourplex
Detached/Attached: Detached
Construction: Concrete Block Construction, CBS Construction
Roof: Built-Up, Shingle
Stories/Levels: 2
Building Size: 4753
Square Feet: 4,753
Living Area: 4,753 Sq. Ft.
Year Built: 1973

Unit Information

Units in Complex: 1

Lot Features

Lot Features: Less Than 1/4 Acre Lot
Potential Use: Investment
Zoning: RMM-25

Financial Considerations

Price Per Sq. Ft.: $347.15
Tax Amount: $20,453
Tax Year: 2024
Terms: All Cash, Conventional, Owner Will Carry

Disclosures and Reports

Documents Avail.: Other Available Information, Rent Rolls
Legal Description: PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259
Property ID: 494234063170

Listed and Sold by Fausto Commercial Realty Consultants Inc

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Listing agent

— 842 NW 1st Ave —

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Schools

Schools serving 842 NW 1st Ave

School District:Broward County School District

Name	Grades	Distance
North Side Elementary School 120 Northeast 11th Street, Fort Lauderdale, FL 33304	PK-5	0.2 mi
Sunrise Middle School 1750 Northeast 14th Street, Fort Lauderdale, FL 33304	6-8	1.5 mi
Fort Lauderdale High School 1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305	9-12	1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 842 NW 1st Ave

Date

Details

Price

Change

Source

9/21/2026

Sold

$1,650,000

-13.16%

MLS

9/18/2025

Price Reduced

$1,900,000

-7.32%

MLS

7/05/2025

Listed

$2,050,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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