5-Unit Apartment Property with
New
For Sale
$1,399,000
2731 NE 1ST Terrace, Wilton Manors, FL 33334
Residential Income, Wilton Manors, FL
Property Size3,886 SF
Lot Size0.30 Acres
Price / SF$360.01
Days on Market2
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Property Features for 2731 NE 1ST Terrace
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-16
Bedrooms
6
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 5
Pets allowed
Yes, No
Pool private
1
Exterior features
Garden
Subdivision
BABCO MANORS
Elementary school
Wilton Manors
Middle school
Sunrise
High school
Fort Lauderdale
Standard status
Active
APN
494227350010
Size
3,886 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BABCO MANORS 39-15 B PARCEL A E 150
Tax Annual Amount
18668
Legal Description
BABCO MANORS 39-15 B PARCEL A E 150
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
swimming pool
on-site washer/dryer
Building Details
Year built
1956
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Concrete Block - No Stucco
Roof type
Concrete
Listing Agency:
Keller Williams Realty Boca Ra
(561) 997-0500
Listed By:
Julian Simon Soffer · License #3321089
(561) 886-8486
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 6:06PM
MLS# B26088139
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,886-square-foot property contains five rental units: a three-bedroom, two-bathroom house of approximately 2,200 square feet and four one-bedroom, one-bathroom apartments. Each apartment has a private patio. The 0.3-acre site also includes a swimming pool and on-site washer and dryer. Built in 1956, the property has concrete-block construction, tile flooring, central heating and air conditioning, and RM-16 zoning.
The property is in Wilton Manors, near Wilton Drive restaurants, shops, nightlife, parks, and entertainment. Fort Lauderdale beaches and major roadways are also described as accessible from the site. Public water and sewer serve the property, and water is available.
The property is in Wilton Manors, near Wilton Drive restaurants, shops, nightlife, parks, and entertainment. Fort Lauderdale beaches and major roadways are also described as accessible from the site. Public water and sewer serve the property, and water is available.
Key Highlights
- Five units: one 3‑bedroom/2‑bath house and four 1‑bedroom/1‑bath apartments
- 3,886 SF building on a 0.3‑acre lot
- The house is approximately 2,200 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,764
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,280
$1.2M
Cap Rate 7%
$853,771
$853.8K
Cap Rate 9%
$664,044
$664.0K
Market Conditions
NOI Build-Up for 3,886 SF
Gross rent
$113.8K $29.28/SF
− Vacancy
−$5.1K −$1.32/SF
EGI
$108.7K $27.96/SF
− OpEx
−$48.9K −$12.58/SF
NOI
$59.8K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,280
Cap Rate 7%
$853,771
Cap Rate 9%
$664,044
Alternative Uses
Best Use
Apartment 5plus
$853.8K
$747.1K – $996.1K
NOI $59,764 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,007 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A three-bedroom home is paired with four one-bedroom apartments, each with its own patio.
Where is this apartment building located?
The property is located at 2731 NE 1ST Terrace Wilton Manors, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Five units: one 3‑bedroom/2‑bath house and four 1‑bedroom/1‑bath apartments; 3,886 SF building on a 0.3‑acre lot; The house is approximately 2,200 SF
