FL Real Estate & Homes • (561) 835-5400Mortgage • Title • List & Sell for 1% • Get Home Value
$1,900,000329 days on marketActive

842 NW 1st Avenue, Fort Lauderdale, FL 33311

Fort Lauderdale, FL 33311
4,753
Sq Ft
$400
$/Sq Ft
1973
Year Built

Listing Snapshot

List Price$1,900,000
Price / Sq Ft$400
Beds0
Baths0
Living Area4,753 sqft
Year Built1973
Property Tax$20,453/yr
MLS #1129950313
StatusActive
Days on Market329

About This Home

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.

General Features

Property Type
ResidentialIncome
Sub-type
Quadruplex
Stories
2
Parking Spaces
11
Zoning
RMM-25
Utilities
CableAvailable
Subdivision
PROGRESSO

Interior Features

Flooring
Other,Tile
Heating
Other,SeparateMeters
Cooling
Other

Exterior Features

Construction
Block
Roof
BuiltUp,Shingle
Pool
No
Waterfront
No

Community Features

MLS Area
3810

Schools

ElementaryNorth Side
MiddleSunrise
HighFort Lauderdale

Map

Virtual Tour

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Listed by Elior Levi · Fausto Commercial Realty Consultants Inc
MLS# 1129950313 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.

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Estimate Your Payment

$

20% down · Loan: $1,520,000

%
Est. Monthly$12,073
Principal & Interest$10,369
Property Tax$1,704

Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.

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