$800,000
4020 NW 31st Terrace 1-5
Explore the area: Lauderdale Lakes homes for sale · Broward County real estate
Price Check
How this price compares
- Asking price
- $800,000
- Price per sq ft
- N/A
- Original price
- $930,000
- Days on market
- 51
This commercial property in ZIP 33309 went under contract with an asking price of $800,000. The asking price has come down 14% from its original $930,000. It spent 51 days on the market before going under contract.
Estimated monthly payment
$4,204 /mo
Principal and interest only, based on $160,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $800,000
- Days on Site
- 51 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 3,534 sqft
- Lot Size
- 0.2 Acres
- Year Built
- 1971
- Property Type
- Commercial
- MLS #
- A12058411
- Property Tax
- $11,039 (2025)
- County
- Broward
- Status
- Under Contract
About This Property
Opportunity meets practicality in this established Lauderdale Lakes 5-unit multifamily property. Approximately 8,850 SF lot, this single-story building offers a versatile mix of three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio—giving an investor multiple rental options under one roof. The property features approximately 3,534 SF of building area, central A/C, eight parking spaces including assigned resident parking and two guest spaces, plus a fenced shared courtyard/yard that gives residents a pleasant outdoor area. Tenants pay their own electricity, while the owner covers water and trash.4 out 5 units are currently occupied, providing an existing rental base while the remaining unit offers flexibility for an investor. Current rents are below market, creating an opportunity to increase income over time as units turn and rents are adjusted, subject to market conditions.Location is another benefit. The property is approximately 5 minutes to I-95 and 15 minutes to downtown Ft Lauderdale. The surrounding community has an established rental presence, helping attract tenants looking for convenient and accessible housing.For an investor looking for a manageable multifamily property with existing occupancy, multiple units, no HOA, and room to improve rental income, this property is worth a closer look. Offered for sale AS-IS. Buyer to independently verify all measurements, zoning, licensing, unit configuration, and other property information.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Under Contract
- Year Built
- 1971
- Property Condition
- Resale
- Number of Stories
- 1
- Parking
- Assigned / Guest
- Lot Size (Acres)
- 0.2
- Total Sq Ft
- 3,534
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RM-16
Interior Features
- Flooring
- Tile
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Lot Features
- City Lot
Community & HOA
- Financing Terms
- Cash / Conventional
- MLS Area
- 3550
About the Area
Browse Lauderdale Lakes homes for sale across every neighborhood and price point in Broward. Available homes span single-family, townhome, and condo segments throughout the city. Lauderdale Lakes includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Broward, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Broward market data, see Florida Realtors' monthly statistics. Browse the latest Lauderdale Lakes listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 350
- Under Contract
- 61
- Median List Price
- $119,000
- Median Sale Price (September)
- $90,000
- Median $/Sq Ft
- $132
- Avg Days on Market
- 170
Frequently Asked Questions
- How do I schedule a tour of 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309?
- Use the Tour button on this listing to request a showing of 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309 still available?
- 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309 is currently listed as Under Contract, and has been on the market 51 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309?
- With 20% down ($160,000) on the $800,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309 is about $4,204/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309?
- Often, yes. The right offer on 4020 NW 31st Terrace 1-5, Lauderdale Lakes, FL 33309 depends on how it's priced against comparable commercial sales in Lauderdale Lakes, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of EXP Realty LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.
$800,000
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Listed by Benson Paul, EXP Realty LLC
Map & Location
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Recent Sales
Recently sold homes in ZIP 33309
These are the last 6 recorded closings in ZIP 33309, with the price each home actually sold for rather than what it was listed at. They closed at a median of $281 per square foot. The most recent closed on October 13, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$200,000
Sold · October 13, 2026
213 Lake Pointe Drive 106
2 bed · 2 bath · 890 sqft · $225/sqft
Sold$222,500
Sold · October 7, 2026
2662 NW 33rd Street 2508
2 bed · 2 bath · 1,256 sqft · $177/sqft
$17,500 under the asking price
Sold$625,000
Sold · October 6, 2026
2138 S Appleton Circle S
3 bed · 2.5 bath · 1,774 sqft · $352/sqft
$6,000 over the asking price
Sold$390,000
Sold · October 5, 2026
3209 NW 33rd Street
3 bed · 3 bath · 1,514 sqft · $258/sqft
$9,900 under the asking price
Sold$404,000
Sold · October 5, 2026
5209 N ANDREWS Avenue
2 bed · 1 bath · 966 sqft · $418/sqft
$4,001 over the asking price
Sold$425,000
Sold · October 5, 2026
3251 NW 32nd Terrace
3 bed · 3 bath · 1,514 sqft · $281/sqft
See every recorded sale in ZIP 33309 or find out what your ZIP 33309 home is worth.
