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842 NW 1st Ave, Fort Lauderdale FL 33311

Multi-family Active With Contract
$1,900,000

BTC: 24.57956016

ETH: 775.82686811

-$150K (2025/09/18)
376 days
0 room(s)
4,753 sqft

Overview

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.

Location

Florida • Fort Lauderdale • 33311 • Multi-family • Active With Contract

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1973
Lot:
No Data
Heating:
Other
Price/sqft:
$400
Cooling:
Other
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,300,000
$761K – $1.3M
Confidence Low
List vs. estimate
$600K above estimate
List $1,900,000 · +46.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$399
+1.4% vs. city median $394
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$20,453
2024
Parking
11 spaces
All facts and features

  • Flooring

    • Other

    • Tile

    Heating

    • Other

    Cooling

    • Other

  • Other Property Information

    • Parcel Number: 494234063170

    • Zoning: RMM-25

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $20,453

  • Source details

    • MLS ID: A11831358

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 4753

    • Subdivision Name: PROGRESSO

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
33311
469
median $429K
Active
Same city
Fort Lauderdale
2,697
median $699K
Active
Same type
Multi-family
169
median $894K
Active
Similar price
$1.3M – $2.5M
329
median $1.7M
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: Fausto Commercial Realty Consultants Inc