Five-Unit Apartment
For Sale
$950,000
3980 NW 30th Terrace, Lauderdale Lakes, FL 33309
The unit mix includes four two-bedroom apartments and one efficiency residence.
Property Size3,892 SF
Price / SF$244.09
Days on Market338
Property Features for 3980 NW 30th Terrace
General Information
Standard status
Active
Size
3,892 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA, 1 x efficiency
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$14,185
Amenities
fully fenced yard
Building Details
Building Size
3,892 SF
Year Built
1973
Listing Agency:
Ace Realty & Investment
Listed By:
Donato J Paolillo · License #472277
(954) 298-1875
Source:
Debuirerealty
Added: Nov 24, 2025
Changed: Oct 26
Last Checked: Oct 26 at 1:20PM
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
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Investment Insights
Based on property information with market context.
Built in 1973, this 3,892-square-foot apartment property contains five units: four with two bedrooms and one bathroom each, plus an efficiency. Tile flooring extends throughout, and the interiors have been freshly painted. The property also includes a fully fenced yard.
A 2024 roof replacement and five newer central A/C systems serve the apartments; the efficiency has a wall-mounted unit.
A 2024 roof replacement and five newer central A/C systems serve the apartments; the efficiency has a wall-mounted unit.
Key Highlights
- Five apartments: four 2‑bedroom, 1‑bath units and one efficiency
- 3,892 square feet; built in 1973
- Roof replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,856
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes four two-bedroom apartments and one efficiency residence.
Where is this apartment building located?
The property is located at 3980 NW 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: Five apartments: four 2‑bedroom, 1‑bath units and one efficiency; 3,892 square feet; built in 1973; Roof replaced in 2024
