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$990,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 0.2 Acres
  • Updated 4 hours ago
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Excellent Investment Opportunity! Legal 5-Unit Multifamily Property Featuring Four Spacious 2-Bedroom, 1-Bath Apartments Plus One Studio. Currently Generating $6,700 Monthly With One Vacant Unit Offering Immediate Upside! Projected Income Of $8,400 Monthly Or $100,800 Annually! Annual Expenses: Taxes $18,000, Insurance Estimated $7,500, Water $3,756, Lawn $660. Total Approx. $29,916 Annually. Projected NOI $70,884 With A Potential 7.16 Cap! New Roof In 2023, Mostly Renovated Units With Updated Kitchens, Flooring And PVC Plumbing. Tenants Pay Their Own Electric! No HOA! Excellent Income-Producing Property With Strong Upside Potential!

Full Property Details for 3970 NW 31st Terrace

General

  • Price: $990,000
  • Taxes: $18,353 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: B26087278
  • Updated: Today (10/12/2026)
  • Added to Site: Today

Interior

  • Flooring: Tile

Exterior

  • Exterior Features: Other

Parking

  • Total Spaces: 8

Location

  • County: Broward
  • Subdivision: ORIOLE ESTATES SEC 8

School Information

  • Elementary School: Oriole
  • Middle School: Lauderdale Lakes
  • High School: Boyd H. Anderson

Community

  • Community Name: 3550
  • Units Assoc/Comm: 4
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric
  • Heating Type: Central, Separate Meters

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Water Available
  • # Electric Meters: 5

Structural Information

  • Structure Type: Multi Family, Quadruplex
  • Construction: Block
  • Roof: Shingle
  • Stories/Levels: 1
  • Building Size: 3534
  • Square Feet: 3,534
  • Sq. Ft. Source: Other
  • Living Area: 3,534 Sq. Ft.
  • Year Built: 1972
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Dimensions: 8850
  • Lot Features: 1/4 Acre
  • Zoning: RM-16

Financial Considerations

  • Assessment Amount: $705,740
  • Tax Amount: $18,353.07
  • Tax Year: 2025
  • Terms: Cash, Conventional, 1031 Exchange
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: Standard, Listed As-Is
  • Documents Avail.: Financials, Other, Rent Rolls
  • Legal Description: ORIOLE ESTATES SEC 8 65-9 B PT OF TR A DESC AS S 75 OF N 255.71 OF W 118
  • Property ID: 494219152161

Listed by Fidelity Real Estate Group LLC

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Listing agents

— 3970 NW 31st Terrace —

  • Fidelity Real Estate Group LLC

  • Fidelity Real Estate Group 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

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Schools serving 3970 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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3970 NW 31st Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/12/2026
Listed
$990,000
65%
MLS
7/15/2021
Sold
$600,000
—
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 3970 NW 31st Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,353
7%
$705,740
7%
2024
$17,222
—
$657,700
5%
2024
$17,222
5%
$627,090
4%
2023
$16,440
12%
$601,300
25%
2022
$14,679
9%
$482,050
14%
2021
$13,490
—
$424,040
9%
2021
$13,490
38%
$388,580
74%
2019
$9,759
11%
$223,550
10%
2018
$8,803
6%
$203,230
-24%
2017
$8,275
7%
$268,960
10%
2016
$7,768
5%
$244,190
60%
2015
$7,425
2%
$152,700
10%
2014
$7,292
12%
$138,820
10%
2013
$6,533
—
$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.

Estimate the Cost for 3970 NW 31st Terrace

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Fidelity Real Estate Group LLC

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3970 NW 31st Terrace, Lauderdale Lakes, FL 33309 (MLS# B26087278) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 3970 NW 31st Terrace is currently listed for $990,000 and was received on October 12, 2026. Want to learn more about 3970 NW 31st Terrace? Do you have questions about finding other Multi-Family real estate for sale in Lauderdale Lakes? You can browse all Lauderdale Lakes real estate or contact a Coldwell Banker agent to request more information.

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