622 NE 1st Ave - Multi-Family FOR SALE


Fort Lauderdale, FL 33304- Flagler Heights
$1,215,000 USD
954-595-2999
622 NE 1st Ave, Fort Lauderdale, FL for Sale
$1,215,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

622 NE 1st Ave
Fort Lauderdale, FL 33304
Flagler Heights


HIGHLIGHTS

  • Duplex investment with (1) 1BR/1BA and (1) 2BR/1BA units
  • Zoned RAC-UV allowing for higher density and redevelopment potential
  • Strong demand for small-format multifamily in the immediate area
  • Accessible to major corridors including Federal Highway and Broward Blvd

OVERVIEW

Native Realty is pleased to present a multifamily investment opportunity located at 622 NE 1st Avenue in Fort Lauderdale. The property consists of a well-maintained duplex situated on a ~6,750 square foot lot, offering a total of two residential units including one 1-bedroom/1-bathroom unit and one 2-bedroom/1-bathroom unit. The existing structure spans approximately 1,424 square feet and provides immediate in-place income with the potential for rental upside through repositioning or market rent adjustments. The unit mix caters to a broad tenant base, making it attractive for both investors and owner-users seeking supplemental income. Zoned RAC-UV (Regional Activity Center – Urban Village), the property benefits from flexible zoning that allows for a range of residential and mixed-use redevelopment scenarios. This designation supports increased density and long-term appreciation potential as the surrounding area continues to evolve. Strategically located just minutes from Downtown Fort Lauderdale, Flagler Village, and major transportation corridors, the property offers strong accessibility and proximity to employment centers, dining, retail, and ongoing development activity. This offering presents a compelling opportunity to acquire a stabilized asset with future redevelopment potential in one of Fort Lauderdale’s most active growth corridors.

FOR SALE DETAILS

PRICE

$1,215,000 USD

PRICE/SF

$853 USD /SF

# OF UNITS

2

PRICE/UNIT

$607,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,750 SF

ZONING

RAC-UV

APN/PARCEL ID

49-42-34-07-6020

ASK ABOUT THIS PROPERTY

Jaime SturgisNative Realty Co.More Info
954-595-2999

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Jaime SturgisNative Realty Co.More Info
954-595-2999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.