Updated Duplex with Gated
For Sale
$875,000
1123 N 17th Avenue, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,540 SF
Lot Size0.16 Acres
Price / SF$568.18
Days on Market569
Property Features for 1123 N 17th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-12
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Window features
Blinds
Patio and Porch features
Deck, Porch
Exterior features
Balcony, Barbecue
Fencing
Fenced
Subdivision
ST JAMES COURT
Lot features
Room for Pool
Directions
I 95 to Sheration Street. Sheradian Street East to US1 South on US1 to Taft Street East on Taft street to17th Ave Property located on the East side
Standard status
Active
APN
514210100210
Size
1,540 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ST JAMES COURT 5-26 B LOT 30 S 10,31
Tax Annual Amount
12476
Legal Description
ST JAMES COURT 5-26 B LOT 30 S 10,31
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
gated yard
patio
Building Details
Year built
1969
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
CBS
Roof type
Barrel
Listing Agency:
Premier Brokers International
(561) 855-6179
Listed By:
Anna A Gadaleta · License #3062315
(772) 224-7620
Added: Feb 5, 2025
Changed: Aug 23
Last Checked: Aug 28 at 10:06AM
MLS# F10485271
Copyright © 2026 BeachesMLS. 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 1969 duplex contains 1,540 square feet on a 0.16-acre parcel. The unit mix includes a two-bedroom, one-bath residence and a one-bedroom, one-bath residence. Both units feature updated kitchens and bathrooms, ceramic tile flooring, and washer and dryer appliances. The CBS building also includes central heating and central air conditioning.
Exterior features include a fenced yard, deck, porch, balcony, barbecue area, and barrel roof. Public water and public sewer serve the property, with cable available. The address is in Hollywood near shopping, local hospitals, three casinos, Hollywood Beach, I-95, and the Florida Turnpike.
Exterior features include a fenced yard, deck, porch, balcony, barbecue area, and barrel roof. Public water and public sewer serve the property, with cable available. The address is in Hollywood near shopping, local hospitals, three casinos, Hollywood Beach, I-95, and the Florida Turnpike.
Key Highlights
- Two‑unit duplex with one 2 Bed/1 Bath unit and one 1 Bed/1 Bath unit
- 1,540 Square Feet on a 0.16‑acre parcel
- Updated kitchens and bathrooms with ceramic tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,592
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$551,840
$551.8K
Cap Rate 7%
$394,171
$394.2K
Cap Rate 9%
$306,578
$306.6K
Market Conditions
NOI Build-Up for 1,540 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.6K $27.00/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$39.4K $25.60/SF
− OpEx
−$11.8K −$7.68/SF
NOI
$27.6K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$551,840
Cap Rate 7%
$394,171
Cap Rate 9%
$306,578
Alternative Uses
Best Use
Multifamily LT 5
$394.2K
$344.9K – $459.9K
NOI $27,592 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$366.7K
$320.9K – $427.8K
NOI $25,669 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$602.4K
$527.1K – $702.9K
NOI $42,171 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with RM-12 zoning, ceramic tile finishes, central systems, and public utilities.
Where is this duplex located?
The property is located at 1123 N 17th Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2 Bed/1 Bath unit and one 1 Bed/1 Bath unit; 1,540 Square Feet on a 0.16‑acre parcel; Updated kitchens and bathrooms with ceramic tile flooring
