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    831 NW 1St Ave Fort Lauderdale, FL 33311

    For Sale
    $849,500

    Four-unit property near downtown Fort Lauderdale with income-producing potential.

    Building Details

    Year built
    1974

    Source: Adache LLC Agent Johnathan Ibarra-Blackmoon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fort Lauderdale Multifamily Investment Property

    Located at 831 NW 1st Ave in Fort Lauderdale, this well-maintained four-unit multifamily property presents an investment opportunity. Each of the four units averages 600 square feet and generates $1,600 per month in rent. The building is equipped with hurricane impact windows. Situated near downtown Fort Lauderdale, the property benefits from its proximity to ongoing development. A site across the street has been rezoned to allow structures up to 120 feet in height and a density of 150 units per acre. While this zoning does not apply to the subject property, the surrounding growth enhances the area's appeal and long-term value.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.1453573
    Latitude
    26.1344532

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near downtown Fort Lauderdale with income-producing potential.
    Where is this quadplex located?
    The property is located at 831 NW 1St Ave Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $849,500.
    What are key features of this property?
    This property features: - Income-producing 4-unit multifamily property.; - Each unit generates $1,600 per month in rent.; - Hurricane impact windows for enhanced security.
    (646) 241-9551
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    831 NW 1St Ave Fort Lauderdale, FL 33311
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