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$975,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 0.2 Acres
  • Updated 19 hours ago
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Great investment opportunity! 5 Unit Building in the heart of Lauderdale Lakes, great location surrounded by single family and multifamily residences. Building consists of 4 units with 2 bedrooms one bath plus Studio/Efficiency with 1 bath. Property is in excellent condition & well maintained. This income-generating asset features recent renovations, ideal for investors seeking stable returns. In 2025, major improvements include installation of hurricane impact windows & doors, new meter cans, and upgrades to include freshly painted interior and exterior, porcelain tile throughout, modern kitchen with brand-new stainless-steel appliances, upgraded cabinets, and quartz-style countertops. Fully upgraded bathrooms with premium fixtures. Water Heater and AC units replace within 5 years. roof is in good condition with no leaks. Property features courtyard entrance to each unit, fully fenced yard. Hook ups for common laundry available in storage room in rear.Location has a strong tenant appeal in a growing rental market. Centrally located minutes from major highways, schools, shopping centers, and more..

Full Property Details for 4040 NW 31st Terrace

General

  • Price: $975,000
  • Taxes: $18,566 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: R11164243
  • Updated: 2/19/2026
  • Added to Site: 3 day(s) ago

Interior

  • Flooring: Tile

Rooms

Other Rooms

  • Laundry: Washer Hookup, Dryer Hookup, Outside

Additional Information

  • Shared Amenities: None

Location

  • County: Broward
  • Subdivision: ORIOLE ESTATES SEC 8
  • Driving Directions: Follow FL-870 E/W Commercial Blvd and NW 31st Ave to NW 31st Terrace in Lauderdale Lakes

Community

  • Community Name: 3550
  • Units Assoc/Comm: 5

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central

Utilities

  • Water: Multiple Meters
  • Utility Description: Water Available

Structural Information

  • Structure Type: Quadruplex
  • Construction: Block
  • Roof: Flat
  • Windows: Storm Window(s)
  • Stories/Levels: 1
  • Building Size: 3534
  • Square Feet: 3,534
  • Living Area: 3,534 Sq. Ft.
  • Year Built: 1972
  • Property Condition: Resale

Lot Features

  • Property View: Garden
  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,712
  • Lot Features: Item14Acre
  • Zoning: RM-16
  • Fencing (Description): Fenced

Water Features

  • Water Front View: None

Financial Considerations

  • Tax Amount: $18,566.1
  • Tax Year: 2025
  • Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Electricity, Sewer, Water

Disclosures and Reports

  • Documents Avail.: Lease, Other
  • Legal Description: ORIOLE ESTATES SEC 8 65-9 B TR B S 75 OF N 375 OF W 118
  • Property ID: 494219152179

Listed by Kingdom Living Properties, LLC

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Listing agents

— 4040 NW 31st Terrace —

  • Kingdom Living Properties, LLC

  • Kingdom Living Properties, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4040 NW 31st Terrace

School District:Broward County School District
NameGradesDistance
Oriole Elementary School
3081 Nw 39th St, Lauderdale Lakes, FL 33309
PK-50.2 mi
Lauderdale Lakes Middle School
3911 Northwest 30th Avenue, Lauderdale Lakes, FL 33309
6-80.3 mi
Boyd H. Anderson High School
3050 Northwest 41st Street, Lauderdale Lakes, FL 33309
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4040 NW 31st Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/17/2026
Listed
$975,000
129.41%
MLS
5/22/2007
Sold
$425,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4040 NW 31st Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,930
—
$655,280
5%
2024
$17,930
38%
$625,890
4%
2023
$12,987
13%
$601,970
25%
2022
$11,506
6%
$482,380
14%
2021
$10,843
—
$424,970
9%
2021
$10,843
11%
$388,300
74%
2019
$9,752
11%
$223,550
10%
2018
$8,800
6%
$203,230
-24%
2017
$8,272
7%
$268,570
10%
2016
$7,767
5%
$244,060
60%
2015
$7,429
2%
$152,700
10%
2014
$7,295
12%
$138,820
10%
2013
$6,537
—
$126,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Kingdom Living Properties, LLC

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4040 NW 31st Terrace, Fort Lauderdale, FL 33309 (MLS# R11164243) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 4040 NW 31st Terrace is currently listed for $975,000 and was received on February 17, 2026. Want to learn more about 4040 NW 31st Terrace? Do you have questions about finding other Multi-Family real estate for sale in Fort Lauderdale? You can browse all Fort Lauderdale real estate or contact a Coldwell Banker agent to request more information.

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