For sale

$975,000

848 2nd, Fort Lauderdale, FL 33311

3beds

5baths

1,936sqft

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Quadruplex

Built in 1972

-- sqft lot

$924,000 Zestimate^®

$504/sqft

$-- HOA

What's special

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 for 3 years with 35% down.

344 days

87

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 5

Heating

Window/Wall

Cooling

Wall/Window Unit(s)

Features

Flooring: Other, Tile, Vinyl

Interior area

Total structure area: 1,936
Total interior livable area: 1,936 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 8

Features

Stories: 1

Lot

Features: Less Than 1/4 Acre Lot

Details

Parcel number: 494234063450
Zoning: RMM-25

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Concrete Block Construction, CBS Construction
Roof: Built-Up,Shingle

Condition

Year built: 1972

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: Progresso

HOA

Has HOA: No

Location

Region: Fort Lauderdale

Financial & listing details

Price per square foot: $504/sqft
Annual tax amount: $10,779
Date on market: 8/3/2025
Listing terms: All Cash,Conventional,Owner Will Carry

Estimated market value

$924,000

$878,000 - $970,000

$2,004/mo

Price history

Date	Event	Price
3/29/2026	Listed for sale	$975,000$504/sqft
Source: MIAMI #A11841385 Report a problem
3/5/2026	Pending sale	$975,000$504/sqft
Source: MIAMI #A11841385 Report a problem
1/5/2026	Price change	$975,000-7.1%$504/sqft
Source: MIAMI #A11841385 Report a problem
8/3/2025	Listed for sale	$1,050,000-10.6%$542/sqft
Source: MIAMI #A11841385 Report a problem
11/21/2023	Listing removed	--
Source: MIAMI #A11402049 Report a problem
8/16/2023	Price change	$1,175,000-6%$607/sqft
Source: MIAMI #A11402049 Report a problem
6/12/2023	Listed for sale	$1,250,000-2%$646/sqft
Source: MIAMI #A11402049 Report a problem
5/2/2023	Listing removed	--
Source: MIAMI #A11305627 Report a problem
4/5/2023	Listed for sale	$1,275,000+298.4%$659/sqft
Source: MIAMI #A11305627 Report a problem
8/18/2016	Sold	$320,000+22.1%$165/sqft
Source: BeachesMLS #F10011227 Report a problem
5/11/2015	Sold	$262,000$135/sqft
Source: BeachesMLS #F1331665 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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