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1509 NW 3rd Ave

Fort Lauderdale, FL 33311

– beds
– baths
2,000 sqft
$303 per sqft
1938 build
– on site

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Great investment opportunity in a booming neighborhood that could generate approximately $9,500 / month! Three legal units situated on a double lot. The main home is a 3 / 1, being operated as an AirBnB that could generate approximately $5,500 per month. Fenced backyard area, central AC, and recently renovated. The 2nd unit is a 1 / 1 with an additional room, backyard, renovated kitchen, and new central AC system. This unit is currently rented at $1,600 per month. The 3rd unit is a studio recently rented to a mid-term tenant at $2,000 per month, but could generate approximately $2,500 per month as a short-term rental. There are approximately 6 off-street parking spaces. Units 1 and 3 are fully furnished. Shared washer/dryer for property. Huge revenue and future development potential!

Listing courtesy of MLSM / Lokation

Last checked: Checking… • Last updated Feb 4, 2025 •

MLS# A11612556 —

The Building

Year Built:

1938
Year Built Details:

Effective Year Built
Construction Materials:

Frame, Stone, WoodSiding
Stories:

1
Levels:

One
Roof:

Flat, Shingle
Exterior Features:

Fence, FruitTrees, Lighting, Patio
Patio And Porch Features:

Patio
Building Area Total:

2040.0

Interior

Flooring:

Laminate, Tile, Vinyl

Room Dimensions

Living Area:

2000.0

Financial & Terms

Buyer Financing:

Conventional

The Property

Parcel Number:

494234016180
Property Type:

ResidentialIncome
Property Subtype:

Triplex
Property Subtype Additional:

Triplex
Zoning Description:

RDS-15
Possible Use:

Investment
Lot Features:

QuarterToHalfAcreLot
Lot Size Units:

SquareFeet
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$10,189
Tax Legal Description:

PROGRESSO 2-18 D LOT 10,11 N 40 BLK 31

The Listing

Disclosures:

OwnerIsListingAgent

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

CentralAir, CeilingFans, WallWindowUnits
Cooling:

true

Utilities

Utilities:

CableAvailable
Sewer:

PublicSewer

The Community

Subdivision Name:

Progresso
Community Features:

LaundryFacilities
Pool Features:

None

Parking

Parking Total:

6.0

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/21/25 Jan 21, 2025	Sold	MLSM	$607,500	-13.1%
11/21/24 Nov 21, 2024	Pending	MLSM	$699,000	96.9% (22.7% / YR)
8/14/20 Aug 14, 2020		GFLR	$355,000	-7.8%

Multifamily Sold on 1/21/2025

$607,500

Listing provided by broker:

David Taxman

Lokation

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Listing Courtesy of: MLSM and Lokation.

Based on information from the MLS MIAMI 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. MLSM, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. MLSM and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

1509 NW 3rd Ave

Fort Lauderdale, FL 33311