Triplex With Month-to-Month
For Sale
$650,000
1711 Thomas St, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,931 SF
Price / SF$336.61
Days on Market40
Property Features for 1711 Thomas St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
FH-1
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking
3
Subdivision
MARGOLIS ESTATES
Lot features
< 1/4 Acre
Standard status
Active
APN
514210420050
Size
1,931 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MARGOLIS ESTATES 35-35 B LOT 5
Tax Annual Amount
11676
Legal Description
MARGOLIS ESTATES 35-35 B LOT 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1957
Flooring type
Laminate, Tile - Ceramic
Building materials
Block
Roof type
Barrel
Listing Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Keylla Kell Sanchez · License #3232235
(954) 274-6341
Added: Jul 30
Changed: Sep 4
Last Checked: Sep 7 at 5:06AM
MLS# A12019592
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 1,931-square-foot triplex was built in 1957 with block construction, a barrel roof, ceramic tile and laminate flooring, electric heating, and window or wall-mounted cooling units. The property includes four bedrooms and four bathrooms, with public sewer service and cable availability.
All three units are leased on a month-to-month basis, and current rents are below market. The property has no HOA or rental restrictions, supporting both short- and long-term rental use. It is located in Hollywood near the beach, Downtown Hollywood, shopping, dining, and Fort Lauderdale International Airport.
All three units are leased on a month-to-month basis, and current rents are below market. The property has no HOA or rental restrictions, supporting both short- and long-term rental use. It is located in Hollywood near the beach, Downtown Hollywood, shopping, dining, and Fort Lauderdale International Airport.
Key Highlights
- Three‑unit triplex totaling 1,931 square feet
- All units are leased month‑to‑month
- Current rents are below market
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
$34,598
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
5.32%
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%
$691,960
$692.0K
Cap Rate 7%
$494,257
$494.3K
Cap Rate 9%
$384,422
$384.4K
Market Conditions
NOI Build-Up for 1,931 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
$52.1K $27.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$49.4K $25.60/SF
− OpEx
−$14.8K −$7.68/SF
NOI
$34.6K $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%
$691,960
Cap Rate 7%
$494,257
Cap Rate 9%
$384,422
Alternative Uses
Best Use
Multifamily LT 5
$494.3K
$432.5K – $576.6K
NOI $34,598 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$459.8K
$402.3K – $536.4K
NOI $32,186 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,879 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,211
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?
Triplex - Three-unit residential property with no HOA and flexible rental arrangements in Hollywood.
Where is this triplex located?
The property is located at 1711 Thomas St Hollywood, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 1,931 square feet; All units are leased month‑to‑month; Current rents are below market
