842 NW 1st Ave, Fort Lauderdale FL 33311 | Broward County | A11831403
  • $1,900,000

Description

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 Overview

This is a -bedroom, -bath home of about square feet at 842 NW 1st Ave, Fort Lauderdale FL 33311 (Fort Lauderdale 33311), listed at $1,900,000.

Monthly Costs, Stated Plainly

This home has no mandatory HOA (single-family / no association on record).

The tax of record is $20,453 (recent). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Broward rate near 2.1%: without homestead, about $39,900/yr (≈ $3,325/mo); with the homestead exemption on a primary residence, about $38,850/yr (≈ $3,238/mo). Confirm with the Broward Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price for 842 NW 1st Ave is $1,900,000. While the MLS does not specify the furnished status, fixtures and built-in appliances typically convey with the home—always verify inclusions before proceeding. Community amenities, if any, would be shared through the HOA and not part of the home itself. For precise details on what stays or goes, contact Christopher Lazaro, Fort Lauderdale Real Estate Advisor, to confirm and protect your interests.

Where exactly is it, and what should I know about the location?

842 NW 1st Ave is situated in Fort Lauderdale 33311, a prime coastal corridor location just minutes from the Intracoastal Waterway and downtown’s vibrant dining and cultural hubs. The property offers easy access to major thoroughfares like US-1 and I-95, blending convenience with the relaxed energy of South Florida’s waterfront lifestyle. For precise insights on how this location aligns with your priorities, contact Christopher Lazaro, Fort Lauderdale Real Estate Advisor, to discuss the details.

What are the HOA / association fees, and what do they cover?

This single-family home at 842 NW 1st Ave has no mandatory HOA—you won’t find association fees or shared amenities here. As the owner, you’ll manage utilities, landscaping, and upkeep independently, though the property remains subject to Fort Lauderdale’s city ordinances. For full clarity on local regulations or to explore this $1,900,000 home further, connect directly with Christopher Lazaro, Fort Lauderdale Real Estate Advisor.

What are the property taxes and homestead implications?

The property at 842 NW 1st Ave has a current tax of record at $20,453 (recent), but Florida reassesses taxes at sale. Based on the $1,900,000 list price and Broward County’s approximate 2.1% rate, we estimate annual taxes without a homestead exemption at around $39,900/yr (≈ $3,325/mo). With Florida’s homestead exemption—which reduces taxable value for primary residences only—the estimate drops to about $38,850/yr (≈ $3,238/mo). These are estimates, not guarantees, so consult the Broward Property Appraiser and a tax specialist for precise figures.

For personalized guidance, contact Christopher Lazaro, Fort Lauderdale Real Estate Advisor, to review your specific tax scenario and homestead eligibility.

Is the home in a flood zone, and what does that mean?

Flood zones indicate a property's risk level for flooding, with FEMA classifying areas as high-risk (like Zone A or V) or moderate/low-risk (Zone B, C, or X). You can explore FEMA's official flood zone definitions or View the FEMA flood map for this address to assess 842 NW 1st Ave's specific designation. If the home falls in a high-risk zone, lenders typically mandate flood insurance—a key cost to factor into your budget. For precise guidance on this property's flood status and insurance implications, connect with Christopher Lazaro, Fort Lauderdale Real Estate Advisor, who can clarify the details and protect your investment.

Are pets allowed?

As a single-family home at 842 NW 1st Ave, Fort Lauderdale, this property has no HOA or condo restrictions—pet policies are set solely by the owner, within local ordinances or lease terms. Documented service animals and emotional support animals (ESAs) are protected under federal law. For clarity on current allowances or to discuss this $1,900,000 home further, contact Christopher Lazaro, Fort Lauderdale Real Estate Advisor.

How is the price set and is there room to negotiate?

In Fort Lauderdale's current market, Broward single-family homes are closing at 96% of original list price, averaging 35 days to contract (MIAMI REALTORS®, May 2026). The $1,900,000 listing for 842 NW 1st Ave reflects a competitive CMA accounting for recent sales and demand in this prime downtown vicinity—but I’ll prepare a hyperlocal Fort Lauderdale CMA to pinpoint exact negotiability before you draft an offer. For precise guidance, contact Christopher Lazaro, Fort Lauderdale Real Estate Advisor, to verify strategy.

What financing step do you recommend before touring?

Before touring 842 NW 1st Ave, I strongly recommend securing a pre-approval from a licensed Florida mortgage professional — this streamlined process clarifies your budget and strengthens your position as a serious buyer. With the home listed at $1,900,000, a pre-approval ensures you’re evaluating properties within your financial scope. Reach out to me, Christopher Lazaro, Fort Lauderdale Real Estate Advisor, and I’ll connect you with trusted lenders or review your pre-approval to tailor our search.

Have a question about this Fort Lauderdale listing?

Talk directly with Christopher Lazaro, your Fort Lauderdale real estate advisor. No pressure — real answers.

  • Address: 1st Ave
  • City: Fort Lauderdale
  • Zip/Postal Code: 33311

Details

Updated on July 4, 2026 at 6:38 pm
  • Property ID A11831403
  • Price $1,900,000
  • Year Built 1973
  • Property Status Active, Commercial Sale

Additional details

  • Flooring Other, Tile
  • Annual Tax 20453
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional/Refinance, Owner Will Carry
  • Waterfront No
  • Total Stories 2
  • Parking Common
  • Construction Concrete Block Construction, CBS Construction
  • Building Area 4753
  • Year Built Details Resale
  • Flood Zone AE
  • New Construction No
  • Lot Size (Sq Ft) 10126

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