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610 NE 1st Ave
Fort Lauderdale, FL 33304
Multifamily Property For Sale · 26 Units

Investment Highlights

  • 26-unit multifamily asset in a high-demand Fort Lauderdale submarket
  • Located within minutes of Downtown Fort Lauderdale and Flagler Village
  • Value-add opportunity through interior renovations and rent growth
  • Zoned RAC-UV allowing for increased density and redevelopment potential

Executive Summary

Native Realty is pleased to present a 26-unit multifamily investment opportunity located at 610 NE 1st Avenue in Fort Lauderdale. The property consists of a well-maintained two-story apartment building totaling 17,165 square feet, situated on a 27,001 square foot lot in one of the city’s most active redevelopment corridors.
The asset offers a stabilized unit mix with consistent rental demand driven by its proximity to Downtown Fort Lauderdale, Flagler Village, and the surrounding employment hubs. Units feature functional layouts with updated interiors in select units, providing an opportunity for continued interior upgrades to further increase rental income and overall asset value.
The property includes on-site parking and a secured courtyard-style layout, creating a practical and tenant-friendly environment. Its positioning within a high-density residential pocket supports strong occupancy fundamentals and long-term rental growth.
Zoned RAC-UV (Regional Activity Center – Urban Village), the site allows for increased density and redevelopment flexibility, making this an attractive long-term hold with potential upside through repositioning or future redevelopment.
Strategically located near major thoroughfares including Federal Highway, Broward Boulevard, and Sunrise Boulevard, the property offers excellent connectivity to the broader Fort Lauderdale market, including Las Olas Boulevard, Brightline, and the beach.
This offering presents a rare opportunity to acquire scale in a rapidly evolving submarket with both immediate cash flow and long-term upside potential.

Property Facts

Price Per Unit $260,364 CAD
Sale Type Investment
No. Units 26
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.71 AC
Building Size 20,252 SF
Average Occupancy 96%
No. Stories 2
Year Built 1975
Parking Ratio 0.79/1,000 SF
Zoning RAC-UV

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - 736
2+1 16 - 1,055

Property Taxes

Property Taxes

Parcel Number
49-42-34-07-5930
Land Assessment
$300,189 CAD
Improvements Assessment
$4,430,350 CAD
Total Assessment
$4,730,539 CAD
  • Listing ID: 39949438

  • Date on Market: 2026-03-28

  • Last Updated:

  • Address: 610 NE 1st Ave, Fort Lauderdale, FL 33304

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