5-Unit Multifamily
For Sale
$950,000
3980 30th Terrace, Lauderdale Lakes, FL 33309
Well-maintained 5-unit building with four 2-bedroom units and one efficiency, recent roof replacement and central A/C.
Property Size3,892 SF
Price / SF$244.09
Days on Market276
Property Features for 3980 30th Terrace
General Information
Standard status
Active
Size
3,892 SF
Property subtype
General Commercial
Additional Details
Fenced Yard
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$14,186
Amenities
3
5 Parking Spaces.
Building Details
Year Built
1973
Listing Agency:
Ace Realty & Investment
(954) 298-1875
Listed By:
Donato Paolillo · License #472277
(954) 298-1875
Source:
Xome
Added: Nov 21, 2025
Changed: Aug 23
Last Checked: Aug 23 at 5:59AM
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 Ace Realty & Investment
Investment Insights
Based on property information with market context.
This very well-maintained 5-unit multifamily property includes four spacious 2-bedroom, 1-bath units and one efficiency unit. Interior updates include tile flooring throughout and freshly painted interiors. Mechanical improvements are a key highlight, with a brand-new roof installed in 2024, five newer central A/C systems for the larger units, and a wall unit in the efficiency. The property also features a fully fenced yard for added privacy and security.
Located at 3980 NW 30th Ter in Lauderdale Lakes, the area is described as car-dependent, with BikeScore of 43 and WalkScore of 40. TransitScore is listed at 40, supporting a setup where most daily needs are typically handled by vehicle.
From a tenant and operator standpoint, the unit mix provides flexibility, pairing multiple larger 2-bedroom residences with an efficiency option within the same building. For buyers evaluating near-term maintenance considerations, the recently replaced roof and newer A/C equipment may help reduce the immediate need for major building systems work, while the clean, updated interiors can support straightforward leasing and resident turnover.
Located at 3980 NW 30th Ter in Lauderdale Lakes, the area is described as car-dependent, with BikeScore of 43 and WalkScore of 40. TransitScore is listed at 40, supporting a setup where most daily needs are typically handled by vehicle.
From a tenant and operator standpoint, the unit mix provides flexibility, pairing multiple larger 2-bedroom residences with an efficiency option within the same building. For buyers evaluating near-term maintenance considerations, the recently replaced roof and newer A/C equipment may help reduce the immediate need for major building systems work, while the clean, updated interiors can support straightforward leasing and resident turnover.
Key Highlights
- 5‑unit multifamily built in 1973: four 2‑bedroom, 1‑bath units plus one efficiency unit
- Brand‑new roof installed in 2024
- Five newer central A/C systems, with a wall unit for the efficiency
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,856
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,120
$1.2M
Cap Rate 7%
$855,086
$855.1K
Cap Rate 9%
$665,067
$665.1K
Market Conditions
NOI Build-Up for 3,892 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$114.0K $29.28/SF
− Vacancy
−$5.1K −$1.32/SF
EGI
$108.8K $27.96/SF
− OpEx
−$49.0K −$12.58/SF
NOI
$59.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,120
Cap Rate 7%
$855,086
Cap Rate 9%
$665,067
Alternative Uses
Best Use
Apartment 5plus
$855.1K
$748.2K – $997.6K
NOI $59,856 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,220 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 5-unit building with four 2-bedroom units and one efficiency, recent roof replacement and central A/C.
Where is this apartment building located?
The property is located at 3980 30th Terrace Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5‑unit multifamily built in 1973: four 2‑bedroom, 1‑bath units plus one efficiency unit; Brand‑new roof installed in 2024; Five newer central A/C systems, with a wall unit for the efficiency
