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#A11685074, Ilan Allen Ziv, Listing office: United Realty Group Inc
Property details
About 842 NW 1st Ave
Prime 8-unit multifamily in booming Downtown Fort Lauderdale, just off Andrews Ave and Sunrise Blvd in Progresso Village. Fully stabilized with spacious 1-bed/1-bath units featuring modern interiors, impact doors, separate meters, and extensive updates including new kitchens, doors, vanities, light fixtures, cabinets, stone counters, and walk-in closets. Fully leased at $1,750/month on Section 8, providing secure income from day one, with pro forma rents of $1,900+. The 10,000 SF lot (zoned RMM-25 and being rezoned to NW RAC) offers future potential to double the unit count. Rare seller financing at 5.5% interest-only makes this a standout cash flow and redevelopment opportunity in Fort Lauderdale’s fastest-growing corridor.
Highlights
Home typeQuadruplex
HeatingOther
StatusActive
CoolingOther
Size4,753 sqft
Year built1973
MLS #A11831358
Virtual tour
Summary
- Flooring Type: Other, Tile
- Architectural Style: Fourplex
- Heating: Other
- Cooling: Other
- List Price: $2,050,000
- Price/SqFt: $431
- Annual Tax Amount: $17,887
- Tax Year: 2023
- Year Built: 1973
- Stories: 2
- Living Area: 4,753 SqFt
- MLS Number: A11831358
- MLS Name: SEFMIAMI
- Office Name: Fausto Commercial Realty Consultants Inc
- Office Phone: (954) 743-7594
- Office Email: cfm@faustocommercial.com
- Listing Agent: Elior Levi
© 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 6:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $770,870 | $17,887 |
| 2022 | $689,840 | $16,097 |
| 2021 | $670,130 | $16,097 |
| 2020 | $603,470 | $15,150 |
| 2019 | $516,850 | $10,578 |
| 2018 | $469,870 | $8,195 |
| 2017 | $409,820 | $8,195 |
History based on county public records data.
Nearby schools
5
North Side Elementary School
Public District PK-5
0.2 mi
•120 NE 11th St
5
Thurgood Marshall Elementary School
Public Magnet PK-5
0.7 mi
•800 NW 13th St
4
Walker Elementary School
Public Magnet PK-5
0.9 mi
•1001 NW 4th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $15,814. Typical income of Fort Lauderdale, FL residents is less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
80%
<35k
19%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
23%
Single, with Kids
10%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
26%
18-34 yrs old
50%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 842 NW 1st Ave
The listing price of 842 NW 1st Ave property is $2,050,000.
The property 842 NW 1st Ave is a multi located in Fort Lauderdale, Florida, 33311.
Active Listing: 842 NW 1st Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 842 NW 1st Ave are: North Side Elementary School (GreatSchools Rating 5/10), Thurgood Marshall Elementary School (GreatSchools Rating 5/10), Walker Elementary School (GreatSchools Rating 4/10), Sunrise Middle School (GreatSchools Rating 5/10), Somerset Academy Village Charter Middle School (GreatSchools Rating 7/10), William Dandy Middle School (GreatSchools Rating 3/10), Sunrise High School (GreatSchools Rating 2/10), Fort Lauderdale High School (GreatSchools Rating 8/10), Pace Center for Girls Inc. (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $17,887 (source: MLS/based on county public records data).
The property 842 NW 1st Ave is 4,753 SqFt (source: MLS/tax record).
The year of construction for 842 NW 1st Ave is 1973.
This home is located at 842 NW 1st Ave in Fort Lauderdale, FL and zip code 33311 in the Progresso Village neighborhood. This 4,753 square foot home was built in 1973. Features: 0 bathroom. It has been listed on Rocket Homes since July 6, 2025 and is currently priced at $2,050,000.
In June 2025 more than 1 listings in Fort Lauderdale, FL were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 76 were sold below. The inventory of homes for sale in Fort Lauderdale, FL between May and June 2025 increased by 9.9%. The median list price of listings available in June 2025 was $480,000, while the average time on the real estate market was 69 days.
From Rocket Homes Real Estate and based on county public records data.