842 NW 1st Avenue
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
What's Nearby
Nearby Areas
Features
-
-
Interior Features
Roof: BuiltUp, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Other, SeparateMeters Has Cooling: Yes Cooling: Other
-
Building Information
Year Built: 1973Building Area Total: 4753Construction Materials: BlockPrivate Pool: No
-
Listing Price Information
Listing Price: $1900000Original Price: $2050000Cash, Conventional, OwnerWillCarry, Other
-
Tax Information
Parcel Number: 494234063170 Tax Year: 2024 Annual Tax: $20453 Tax Legal Desc: PROGRESSO 2-18 D LOTS 44 THRU 46 BLK 259
-
Parking Information
Parking Total: 11
-
School Information
Elementary School: North Side Junior High School: Sunrise Senior High School: Fort Lauderdale -
Utility Information
CableAvailable -
Location Information
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 414 NW 15th Way, Fort Lauderdale, FL, 33311 | $439,000 | 4 | 2 | 1,372 | 1,372 SqFt |
| 2840 NW 13th Court #1-2, Fort Lauderdale, FL, 33311 | $549,900 | 5 | 3 | 1,818 | 1,818 SqFt |
| 1026-1044 NW 7th Avenue, Fort Lauderdale, FL, 33311 | $2,050,000 | 15 | 5 | 6,024 | 6,024 SqFt |
| 1201 N Andrews Avenue, Fort Lauderdale, FL, 33311 | $675,000 | 3 | 3 | 2,653 | 2,653 SqFt |
| 831 NW 1st Ave, Fort Lauderdale, FL, 33311 | $1,110,000 | 4 | 4 | 2,423 | 2,423 SqFt |
| 848 NW 2nd Avenue, Fort Lauderdale, FL, 33311 | $975,000 | 3 | 5 | 1,936 | 1,936 SqFt |
| 1118-1120 NW 2nd Avenue, Fort Lauderdale, FL, 33311 | $640,000 | 2 | 2 | 1,368 | 1,368 SqFt |
| 811-817 NW 3rd Avenue, Fort Lauderdale, FL, 33311 | $1,599,000 | 12 | 12 | 1,032 | 1,032 SqFt |
| 730 NW 4th Avenue, Fort Lauderdale, FL, 33311 | $950,000 | 8 | 4 | 2,792 | 2,792 SqFt |
| 1515 NW 2nd Avenue, Fort Lauderdale, FL, 33311 | $490,000 | 3 | 2 | 1,523 | 1,523 SqFt |
Similar Multifamily To 842 NW 1st Avenue
Nearby For Sale
The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 07/21/2026 @ 23:22
More Cities with for Sale by Owner Homes
- Fort Lauderdale Homes For Sale By Owner
- Wilton Manors Homes For Sale By Owner
- Oakland Park Homes For Sale By Owner
- Dania Beach Homes For Sale By Owner
- Lauderdale By The Sea Homes For Sale By Owner
- Lauderhill Homes For Sale By Owner
- Lauderdale Lakes Homes For Sale By Owner
- Sea Ranch Lakes Homes For Sale By Owner
- Hollywood Homes For Sale By Owner
- Pompano Beach Homes For Sale By Owner
- Plantation Homes For Sale By Owner
- Coconut Creek Homes For Sale By Owner
- North Lauderdale Homes For Sale By Owner
- Hallandale Beach Homes For Sale By Owner
- Pembroke Park Homes For Sale By Owner
- Davie Homes For Sale By Owner
- Cooper City Homes For Sale By Owner
- West Park Homes For Sale By Owner
- Margate Homes For Sale By Owner
- Tamarac Homes For Sale By Owner
Homes around $1,900,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.