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$1,900,000

  • For Sale
  • Active
  • Apartment
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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.

Full Property Details for 842 NW 1st Ave

General

  • Price: $1,900,000
  • Taxes: $20,453
  • Status: Active
  • Type: Apartment
  • Source: Greater_Miami
  • MLS ID: A11831403
  • Updated: 12/20/2025
  • Added to Site: 197 day(s) ago

Business

  • Business Type: Apartments

Rental Information

  • Lease/Rent Term: 1 To 3 Year Lease

Interior

  • Flooring: Other, Tile

Parking

  • Parking Features: Common

Location

  • County: Broward County

Community

  • Units Assoc/Comm: 8

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction, CBS Construction
  • Roof: Other, Shingle
  • Stories/Levels: 2
  • Building Size: 4753
  • Year Built: 1973

Unit Information

  • Units in Complex: 8

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,126
  • Zoning: RMM-25

Financial Considerations

  • Tax Amount: $20,453
  • Terms: All Cash, Conventional/Refinance, Owner Will Carry

Disclosures and Reports

  • Special Conditions: Sale
  • 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

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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
NameGradesDistance
North Side Elementary School
120 Northeast 11th Street, Fort Lauderdale, FL 33304
PK-50.2 mi
Sunrise Middle School
1750 Northeast 14th Street, Fort Lauderdale, FL 33304
6-81.5 mi
Fort Lauderdale High School
1600 Northeast 4th Avenue, Fort Lauderdale, FL 33305
9-121 mi
Disclaimer: 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
9/18/2025
Price Reduced
$1,900,000
-7.32%
MLS
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
—
$1,071,440
2%
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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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# A11831403) is a Apartment property. 842 NW 1st Ave is currently listed for $1,900,000 and was received on July 05, 2025. Want to learn more about 842 NW 1st Ave? Do you have questions about finding other Apartment 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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