Quadplex with Duplex Conversion
For Sale
Under Contract
$625,000
1913 Taylor Street, Hollywood, FL 33020
MULTI_FAMILY - Hollywood, FL
Property Size2,670 SF
Lot Size0.14 Acres
Price / SF$234.08
Days on Market24
Property Features for 1913 Taylor Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
ND-3
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
Pets allowed
Yes, No
Exterior features
Lighting
Subdivision
HOLLYWOOD
Elementary school
Dania
Middle school
Olsen
High school
South Broward
Standard status
Active Under Contract
APN
514215013700
Size
2,670 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD 1-21 B LOT 11 LESS W 35,12 BLK 21
Tax Annual Amount
11402
Legal Description
HOLLYWOOD 1-21 B LOT 11 LESS W 35,12 BLK 21
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Tile
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Andrew D Dittoe · License #3369646
(954) 647-2900
Added: Aug 1
Changed: Aug 14
Last Checked: Aug 24 at 3:06AM
MLS# B26059024
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 ND-3 zoned quadplex at 1913 Taylor Street in Hollywood, FL is currently configured as four separate units with 2,670 SF of living space. The layout includes a 3/1, a 1/1, and two studios, with two electric meters and a house meter. Exterior features include lighting. Interior finishes include tile flooring, and the home is served by central heating and central air, along with window and wall/window unit cooling. Built in 1951, the structure is constructed with CBS, with a tile roof.
A Certificate of Use Violation from the City is currently in place; any buyer would assume responsibility for working with the City to resolve it. The current configuration can also be converted back into a duplex format with a spacious 4/2 and a 2/2. The property is served by public water and public sewer.
With its established multi-unit setup and the option to reconfigure, this property supports flexible use planning while remaining rooted in its existing quadplex infrastructure.
A Certificate of Use Violation from the City is currently in place; any buyer would assume responsibility for working with the City to resolve it. The current configuration can also be converted back into a duplex format with a spacious 4/2 and a 2/2. The property is served by public water and public sewer.
With its established multi-unit setup and the option to reconfigure, this property supports flexible use planning while remaining rooted in its existing quadplex infrastructure.
Key Highlights
- ND‑3 zoned quadplex on 0.14 acres at 1913 Taylor Street, Hollywood, FL
- 2,670 SF living space configured as a 3/1, 1/1, and two studios
- Two electric meters plus a house meter
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
$47,839
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
7.65%
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%
$956,780
$956.8K
Cap Rate 7%
$683,414
$683.4K
Cap Rate 9%
$531,544
$531.5K
Market Conditions
NOI Build-Up for 2,670 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
$72.1K $27.00/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$68.3K $25.60/SF
− OpEx
−$20.5K −$7.68/SF
NOI
$47.8K $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%
$956,780
Cap Rate 7%
$683,414
Cap Rate 9%
$531,544
Alternative Uses
Best Use
Multifamily LT 5
$683.4K
$598.0K – $797.3K
NOI $47,839 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$635.8K
$556.3K – $741.7K
NOI $44,503 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,115 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,566
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
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Frequently Asked Questions
What type of property is this?
Quadplex - ND-3 zoned quadplex on a 0.14-acre lot with public utilities and two electric meters plus a house meter.
Where is this quadplex located?
The property is located at 1913 Taylor Street Hollywood, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: ND‑3 zoned quadplex on 0.14 acres at 1913 Taylor Street, Hollywood, FL; 2,670 SF living space configured as a 3/1, 1/1, and two studios; Two electric meters plus a house meter
