5-Unit Apartment
For Sale
$895,000
4260 NW 31st Ter, Lauderdale Lakes, FL 33309
Residential Income, Lauderdale Lakes, FL
Property Size3,534 SF
Price / SF$253.25
Days on Market126
Property Features for 4260 NW 31st Ter
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RM-16
Bedrooms
8
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 3
Parking
8
Subdivision
ORIOLE ESTATES SEC 8
Lot features
< 1/4 Acre
Standard status
Active
APN
494219152200
Size
3,534 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ORIOLE ESTATES SEC 8 65-9 B TR C N 75 OF S 375 OF W 118
Tax Annual Amount
17678
Legal Description
ORIOLE ESTATES SEC 8 65-9 B TR C N 75 OF S 375 OF W 118
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1971
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Truenest Property Management
(954) 594-8182
Listed By:
Ana Binetti · License #3407116
(954) 592-9617
Added: Jun 11
Changed: Oct 13
Last Checked: Oct 14 at 6:06AM
MLS# A12034627
Copyright © 2026 Miami REALTORS®. 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 five-unit apartment property contains four two-bedroom, one-bathroom residences and one studio, totaling 3,534 square feet. The building dates to 1971 and has block construction, central air, laminate and ceramic tile flooring, and a shingle roof. Public sewer serves the property.
All five units are occupied, with annual lease agreements in place. The unit mix combines multi-bedroom apartments with a studio in one residential income property.
All five units are occupied, with annual lease agreements in place. The unit mix combines multi-bedroom apartments with a studio in one residential income property.
Key Highlights
- Five units: four 2‑bedroom, 1‑bathroom apartments and one studio
- All five units are occupied under annual lease agreements
- 3,534 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,351
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,020
$1.1M
Cap Rate 7%
$776,443
$776.4K
Cap Rate 9%
$603,900
$603.9K
Market Conditions
NOI Build-Up for 3,534 SF
Gross rent
$103.5K $29.28/SF
− Vacancy
−$4.7K −$1.32/SF
EGI
$98.8K $27.96/SF
− OpEx
−$44.5K −$12.58/SF
NOI
$54.4K $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%
$1,087,020
Cap Rate 7%
$776,443
Cap Rate 9%
$603,900
Alternative Uses
Best Use
Apartment 5plus
$776.4K
$679.4K – $905.9K
NOI $54,351 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,506 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
990
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Four two-bedroom apartments and a studio are leased on annual terms.
Where is this apartment building located?
The property is located at 4260 NW 31st Ter Lauderdale Lakes, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Five units: four 2‑bedroom, 1‑bathroom apartments and one studio; All five units are occupied under annual lease agreements; 3,534 square feet
