848 NW 2nd Ave, Fort Lauderdale FL 33311
1972
Year Built
1
Stories
258
Days on Market
Description
Prime 5-unit multifamily in booming Progresso Village, just minutes from Flagler Village, the Brightline station, and the beach. Fully occupied and cash flowing from day one, the property features three 1-bed/1-bath units and two studios, all rented to long-term tenants—most over 5 years. Current monthly income is $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% cap rate. Interiors have been lightly updated, and the property includes separate electric meters and low-maintenance operations. Zoned RMM-25 with redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Rare seller financing offered at 5.5% interest only!
Facts
- MLS#
- A11841391
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Income/MultiFamily
- Year Built
- 1972
- Lot Size
- 6,534 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- 1
- Garage
- —
- Pool
- —
- Days on Market
- 258 days
- Listed
- Aug 3, 2025
- Last Updated
- May 14, 2026
- Price/Lot Sq.Ft.
- $149/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
$975,000
— bd · 0 ba · 1,936 sqft
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SOLD$980,000
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Market insights for Fort Lauderdale
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
32
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 1/5/2026 | Price change | $975,000-7.1% |
| 8/3/2025 | Listed for sale | $1,050,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Key Biscayne K-8 CenterPK,KG,1,2,3,4,5,6,7,8 · public · 0.2 mi
- St Christophers Montessori
PK,KG,1,2,3,4,5,6,UG · private · 0.6 mi
- St Christophers Episc Mont
PK,KG · private · 0.6 mi
- St Agnes Academy
PK,KG,1,2,3,4,5,6,7,8 · private · 0.7 mi
- Key Biscayne Presbyterian School
PK,KG,1 · private · 0.7 mi
- Mast Academy
6,7,8,9,10,11,12 · public · 3.4 mi
- Amikids Miami-Dade South
6,7,8,9,10,11,12 · public · 3.4 mi
- Immaculata-La Salle High School
9,10,11,12 · private · 4.8 mi
- Immaculata-La Salle High School
9,10,11,12 · private · 4.8 mi
- Fisher Island Day School
PK,KG,1,2,3,4,5,6,7,8 · private · 5.0 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$6,152/mo
Principal & Interest
$5,189
Property Tax
$813
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
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