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$2,050,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Units
  • Updated 6 days ago
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Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale's fastest-growing corridor.

Full Property Details for 842 NW 1st Ave

General

  • Price: $2,050,000
  • Taxes: $20,453 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11831358
  • Updated: 7/6/2025
  • Added to Site: 7 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
  • Zoning: RMM-25

Financial Considerations

  • Price Per Sq. Ft.: $431.31
  • 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 by Fausto Commercial Realty Consultants Inc

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Listing agent

— 842 NW 1st Ave —

  • Fausto Commercial Realty Consultants Inc

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 842 NW 1st Ave

School District:Broward County School District
RatingNameGradesDistance
4
North Side Elementary School
120 Ne 11th St, Ft Lauderdale, FL 33304
PK-50.2 mi
4
Sunrise Middle School
1750 Ne 14th St, Ft Lauderdale, FL 33304
6-81.4 mi
7
Fort Lauderdale High School
1600 Ne 4th Ave, Ft Lauderdale, FL 33305
9-121 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 842 NW 1st Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/05/2025
Listed
$2,050,000
225.4%
MLS
4/14/2017
Sold
$630,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 842 NW 1st Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,453
14%
$1,051,220
36%
2023
$17,888
18%
$770,870
15%
2021
$15,150
-6%
$670,130
-3%
2022
$16,097
6%
$689,840
14%
2021
$15,150
20%
$603,470
17%
2019
$12,618
19%
$516,850
10%
2018
$10,578
29%
$469,870
15%
2017
$8,195
5%
$409,820
10%
2016
$7,830
15%
$372,680
55%
2015
$6,786
6%
$240,090
10%
2014
$6,383
10%
$218,270
10%
2013
$5,812
—
$198,430
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Fausto Commercial Realty Consultants Inc

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842 NW 1st Ave, Fort Lauderdale, FL 33311 (MLS# A11831358) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 842 NW 1st Ave is currently listed for $2,050,000 and was received on July 05, 2025. Want to learn more about 842 NW 1st Ave? Do you have questions about finding other Multi-Family real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

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