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$975,000

  • For Sale
  • Active
  • Multi-Family
  • 1 Unit
  • Updated 6 days ago

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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 $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% 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.

Full Property Details for 848 NW 2nd

General

  • Price: $975,000
  • Taxes: $10,779 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Martin_County
  • MLS ID: A11841385
  • Updated: 9/3/2026
  • Added to Site: 403 day(s) ago

Interior

  • Flooring: Other, Vinyl

Parking

  • Covered Spaces: 8
  • Total Spaces: 8

Location

  • Area: 3810
  • County: Broward
  • Subdivision: PROGRESSO

Community

  • Community Name: 3810
  • Assoc. Fees Include: Hot Water, Maintenance Grounds, Other, Pest Control, Sewer, Trash, Water

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Utility Description: Sewer Available

Structural Information

  • Construction: Block, Concrete
  • Roof: Built-Up, Composition, Shingle
  • Stories/Levels: 1
  • Square Feet: 1,936
  • Living Area: 1,936 Sq. Ft.
  • Year Built: 1972
  • Property Condition: Resale

Lot Features

  • Zoning: RMM-25

Financial Considerations

  • Tax Amount: $10,779
  • Tax Year: 2024
  • Terms: Cash, Conventional, Owner May Carry, Other

Disclosures and Reports

  • Legal Description: PROGRESSO 2-18 D LOT 47, 48 BLK 260
  • Property ID: 494234063450

Listed by Fausto Commercial Realty Consultants Inc

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Listing agent

— 848 NW 2nd —

  • 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 848 NW 2nd

School District:Broward County School District
NameGradesDistance
North Side Elementary School
120 Northeast 11th Street, Fort Lauderdale, FL 33304
PK-50.3 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
9-121.1 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 848 NW 2nd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/03/2025
Listed
$975,000
-17.65%
MLS
6/14/2019
Sold
$1,184,000
—
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 848 NW 2nd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,539
7%
$476,430
—
2024
$10,779
—
$476,430
4%
2024
$10,779
-1%
$458,370
—
2023
$10,871
7%
$458,370
6%
2022
$10,144
7%
$433,650
6%
2021
$9,468
—
$408,930
14%
2021
$9,468
14%
$358,440
2%
2019
$8,340
16%
$351,760
10%
2018
$7,175
8%
$319,790
10%
2017
$6,651
5%
$290,720
10%
2016
$6,319
18%
$264,500
23%
2015
$5,377
7%
$214,880
10%
2014
$5,028
66%
$195,350
108%
2013
$3,025
—
$93,970
—
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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Listed by Fausto Commercial Realty Consultants Inc

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848 NW 2nd, Fort Lauderdale, FL 33311 (MLS# A11841385) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 848 NW 2nd is currently listed for $975,000 and was received on August 03, 2025. Want to learn more about 848 NW 2nd? Do you have questions about finding other Multi-Family real estate for sale in Progresso Village? You can browse all Progresso Village real estate or contact a Coldwell Banker agent to request more information.

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