$1,650,000
Sold · September 21, 2026
842 NW 1st Avenue
Fort Lauderdale, FL 33311
Explore the area: Fort Lauderdale homes for sale · Broward County real estate
Sale Summary
What this home sold for
- Sold price
- $1,650,000
- Vs. list price
- 13.2% under
- Days on market
- 376
- Price per sq ft
- $347
This multi-family property in Progresso sold for $1,650,000 on September 21, 2026. That was 13.2% below its final list price of $1,900,000. It first came on the market at $2,050,000, so the price was adjusted before it sold. It spent 376 days on the market.
Listing Snapshot
- Sold Price
- $1,650,000
- Sold On
- September 21, 2026
- Days on Site
- 376 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 4,753 sqft
- Total Sq Ft
- 4,753 sqft
- Year Built
- 1973
- Property Type
- Multi-Family
- MLS #
- A11831358
- Property Tax
- $20,453 (2024)
- Subdivision
- PROGRESSO
- County
- Broward
- Status
- Sold
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Sold
- Year Built
- 1973
- Property Condition
- Resale
- Number of Stories
- 2
- Living Sq Ft
- 4,753
- Total Sq Ft
- 4,753
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Zoning
- RMM-25
Interior Features
- Cooling
- Other
- Heating
- Other / Separate Meters
- Flooring
- Other / Tile
Exterior Features
- Construction
- Block
- Roof
- Built Up / Shingle
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional / Owner Will Carry / Other
- MLS Area
- 3810
Schools
- Elementary School
- North Side
- Middle School
- Sunrise
- High School
- Fort Lauderdale
About the Community
Progresso is a community in Fort Lauderdale, Broward County, Florida. Active listings are priced from $244,900 to $2,900,000. Homes were built between 1931 and 2027. Pure Equity lists homes in Progresso and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 124
- Under Contract
- 19
- Median List Price
- $782,381
- Median Sale Price (September)
- $640,000
- Median $/Sq Ft
- $468
- Avg Days on Market
- 103
Frequently Asked Questions
- How do I schedule a tour of 842 NW 1st Avenue, Fort Lauderdale, FL 33311?
- Use the Tour button on this listing to request a showing of 842 NW 1st Avenue, Fort Lauderdale, FL 33311. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 842 NW 1st Avenue, Fort Lauderdale, FL 33311 still available?
- 842 NW 1st Avenue, Fort Lauderdale, FL 33311 is currently listed as Sold, and has been on the market 376 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 842 NW 1st Avenue, Fort Lauderdale, FL 33311?
- With 20% down ($380,000) on the $1,900,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 842 NW 1st Avenue, Fort Lauderdale, FL 33311 is about $9,985/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 842 NW 1st Avenue, Fort Lauderdale, FL 33311?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 842 NW 1st Avenue, Fort Lauderdale, FL 33311. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 842 NW 1st Avenue, Fort Lauderdale, FL 33311?
- 842 NW 1st Avenue, Fort Lauderdale, FL 33311 is zoned for North Side (elementary), Sunrise (middle), Fort Lauderdale (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 842 NW 1st Avenue, Fort Lauderdale, FL 33311?
- Often, yes. The right offer on 842 NW 1st Avenue, Fort Lauderdale, FL 33311 depends on how it's priced against comparable multi-family sales in Fort Lauderdale, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Fausto Commercial Realty Consultants Inc
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,650,000
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Listed by Elior Levi, Fausto Commercial Realty Consultants Inc
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Recent Sales
Recently sold homes in Progresso
These are the last 6 recorded closings in Progresso, with the price each home actually sold for rather than what it was listed at. They closed at a median of $463 per square foot. The most recent closed on October 15, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,470,000
Sold · October 15, 2026
1133 NE 12th Avenue
3 bed · 3.5 bath · 2,717 sqft · $541/sqft
$80,000 under the asking price
Sold$695,000
Sold · October 9, 2026
1728 NE 17th Terrace
3 bed · 2 bath · 1,482 sqft · $469/sqft
$50,000 under the asking price
Sold$510,000
Sold · October 9, 2026
1142 NW 2nd Avenue
3 bed · 2 bath · 1,102 sqft · $463/sqft
Sold$453,000
Sold · October 8, 2026
1115 NW 7th Avenue
3 bed · 2 bath · 1,180 sqft · $384/sqft
$5,500 over the asking price
Sold$415,000
Sold · October 8, 2026
1605 NW 7th Terrace
2 bed · 1 bath · 965 sqft · $430/sqft
$24,000 under the asking price
Sold$900,000
Sold · October 8, 2026
1749 NE 9th Street
3 bed · 3.5 bath · 2,436 sqft · $369/sqft
$10,000 under the asking price
See every recorded sale in Progresso or find out what your Progresso home is worth.
