842 NW 1st Ave
Fort Lauderdale, FL 33311
1
Bed
1
Bath
4,753Sqft
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.
Property Details
Map
Map
Features
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Interior Features
Roof: BuiltUp, Shingle -
Heating & Cooling
Heating: Other Cooling: Other
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Building Information
Year Built: 1973Building Area Total: 4753Construction Materials: BlockStories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Lot Description: LessThanQuarterAcreProperty Information
Subdivision: PROGRESSO Source Property Type: ResidentialIncome MLS Area Minor: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810) Postal Code Plus 4: 7470 Zoning Description: RMM-25 Property SubType: Quadruplex Levels: Two Property Age: 53
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Listing Price Information
Listing Price: $1900000Original Price: $2050000Cash, Conventional, OwnerMayCarry, Other
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Tax Information
Parcel Number: 494234063170 Tax Year: 2024 Annual Tax: $20453 Tax Legal Desc: PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259
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Parking Information
Parking Total: 11
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Utility Information
CableAvailable -
Location Information
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 510 NW 13th Street, Fort Lauderdale, FL, 33311 | $489,490 | 4 | 2 | 1,742 | 1,742 SqFt |
| 730 NW 4th Avenue, Fort Lauderdale, FL, 33311 | $950,000 | 8 | 4 | 2,792 | 2,792 SqFt |
| 1429 N Andrews Avenue, Fort Lauderdale, FL, 33311 | $455,000 | 2 | 2 | 1,000 | 1,000 SqFt |
| 1212 NW 6th Ct, Fort Lauderdale, FL, 33311 | $1,080,000 | 8 | 6 | 3,232 | 3,232 SqFt |
| 926 - 932 NW 2nd St, Fort Lauderdale, FL, 33311 | $1,800,000 | 12 | 12 | 1,811 | 1,811 SqFt |
| 2800 W Sunrise Boulevard, Fort Lauderdale, FL, 33311 | $589,490 | -- | 4 | 1,734 | 1,734 SqFt |
| 25 NW 11th Street, Fort Lauderdale, FL, 33311 | $665,995 | 4 | 3 | 1,820 | 1,820 SqFt |
| 848 NW 2nd Ave, Fort Lauderdale, FL, 33311 | $975,000 | 3 | 5 | 1,936 | 1,936 SqFt |
| 1304 NW 6th Ave, Fort Lauderdale, FL, 33311 | $515,000 | 3 | 2 | 1,275 | 1,275 SqFt |
| 1539 NW 8th Ave, Fort Lauderdale, FL, 33311 | $780,000 | 8 | 14 | 2,504 | 2,504 SqFt |
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ByOwner last updated this listing 06/20/2026 @ 03:38
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