For Sale
1 / 30
Property summary
This exceptional 8-unit multifamily property, located at 842 NW 1st Ave, Fort Lauderdale, FL 33311, is offered at $2,049,000. Built in 1974, this two-story building boasts a total of 4,753 square feet. The property has undergone renovations, resulting in a currently strong cash flow stream. Investors will appreciate the potential for rental growth, given the increasing demand for multifamily units in Fort Lauderdale. The property's location in Progresso Village, conveniently situated off Andrews Avenue and Sunrise Boulevard, offers excellent access to major thoroughfares and amenities. Furthermore, the area is experiencing a transition to higher-density zoning, presenting significant opportunities for future appreciation. This presents a solid long-term investment opportunity in a thriving market. The property's existing cash flow, combined with the potential for future growth and appreciation, makes this an attractive proposition for discerning investors seeking a stable and profitable multifamily asset in a prime Fort Lauderdale location. The property's size and location within Broward County make it an ideal investment for both experienced and emerging investors in the multifamily sector.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Fort Lauderdale market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
