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4825 NE 23rd Ave # 7, Fort Lauderdale FL 33308

Commercial Recently Sold
$1,640,000

BTC: 27.33333333

ETH: 939.28980527

Sold on: 2026-03-31
8 days
0 room(s)

Overview

Unlock significant equity in one of Fort Lauderdale’s most sought-after pockets. This 7-unit multifamily asset is the perfect "blank canvas" for an investor looking to capitalize on immediate rental growth or a high-yield hospitality conversion. Current rents are significantly below market. With all tenants on month-to-month leases, a new owner can immediately implement renovations to achieve market-leading ROI. Ideal for a traditional long-term hold or a lucrative Short-Term Rental conversion, given its proximity to the beach and tourist hubs. The 40-year safety certification is complete, offering peace of mind and reducing immediate capital expenditure. Nestled near Coral Ridge Country Club and just minutes from the pristine beaches of Lauderdale-by-the-Sea, major commuter highways, Holy Cross Hospital, within 5–10-minute drive and walking distance to restaurants, shops, schools, and major highways.

Location

Florida • Fort Lauderdale • 33308 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
Common
Year Built:
1961
Lot:
13995 Square Feet
Heating:
Central Electric / Wall/Window Units
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,975,000
$1.1M – $2.9M
Confidence Low
List vs. estimate
$285K below estimate
List $1,690,000 · -14.4%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$29,759
2025
Parking
13 spaces
All facts and features

  • Flooring

    • Tile

    Heating

    • Central Electric

    • Wall/Window Units

    Cooling

    • Wall/Window Unit(s)

  • Parking

    • Common

    Lot

    • Lot: 13995 Square Feet

    Other Property Information

    • Parcel Number: 494224080860

    • Zoning: RMM-25

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $29,759

  • Source details

    • MLS ID: A11975188

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Window Features: Complete Impact Glass

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33308
150
median $597K
Active
Same city
Fort Lauderdale
1,052
median $678K
Active
Same type
Commercial
79
median $1.2M
Active
Similar price
$1.2M – $2.2M
158
median $1.6M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Douglas Elliman