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5-Unit Apartment Building
For Sale
$930,000

1-5-4020 Nw 31st Ter, Lauderdale Lakes, FL 33309

Single-story multifamily property with varied unit layouts, shared outdoor space, and resident parking.

Property SizeContact for details
Days on Market17

Property Features for 1-5-4020 Nw 31st Ter

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $11,039
Listing Agency: EXP Realty LLC
Listed By: Benson Paul
Source: Exprealty
Added: Aug 18 Changed: Aug 29 Last Checked: Sep 1 at 8:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC

Investment Insights

Based on property information with market context.

This single-story apartment property contains five units within approximately 3,534 square feet of building area on an approximately 8,850-square-foot lot. The unit mix includes three 2-bedroom/1-bath residences, one 1-bedroom/1-bath residence, and one studio. Central A/C serves the building, while a fenced shared courtyard and yard provide common outdoor space. Parking includes eight spaces, with assigned resident parking and two guest spaces.

Four of the five units are occupied. Residents pay their own electricity, while the owner covers water and trash. The property is approximately 5 minutes from I-95 and 15 minutes from downtown Ft Lauderdale. There is no HOA, and the sale is offered AS-IS.

Key Highlights

  • Five‑unit mix: three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one studio
  • Approximately 3,534 SF building on an approximately 8,850 SF lot
  • Four of five units currently occupied

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Parking Lot & Garage Gym & Fitness Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,338
Businesses Nearby

Demographics for 33309, FL

37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Single-story multifamily property with varied unit layouts, shared outdoor space, and resident parking.
Where is this apartment building located?
The property is located at 1-5-4020 Nw 31st Ter Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Five‑unit mix: three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one studio; Approximately 3,534 SF building on an approximately 8,850 SF lot; Four of five units currently occupied
More about this property
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