Remodeled Duplex with New
For Sale
$595,000
1927 Funston Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,523 SF
Lot Size0.12 Acres
Price / SF$390.68
Days on Market91
Property Features for 1927 Funston Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PS-1
Bedrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Window features
Insulated Windows
Pets allowed
Dogs OK, Yes
Subdivision
HOLLYWOOD SOUTH SIDE ADD NO 2
Lot features
Oversized Lot
Elementary school
Colbert
Middle school
Olsen
High school
South Broward
Standard status
Active
APN
514222101000
Size
1,523 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 9 BLK 6
Tax Annual Amount
7609
Legal Description
HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 9 BLK 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
front porch
backyard
Building Details
Year built
1949
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block, Brick, CBS
Roof type
Shingle
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Andrew L Nepaul · License #0679210
(954) 325-2627
Added: May 30
Changed: Aug 27
Last Checked: Aug 28 at 8:06AM
MLS# B26034762
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 1,523-square-foot duplex was built in 1949 and remodeled approximately 8–10 years ago. The property includes three bedrooms and three bathrooms, with ceramic tile flooring throughout and an updated kitchen equipped with modern appliances. A new shingle roof was installed in 2024. Block, brick, and CBS construction materials, public water, public sewer, central air, and electric cooling are also included.
The 0.12-acre property has a front porch and an expansive backyard. It is located near Young Circle, within a short bike ride of the beaches, and convenient to restaurants, shopping, and public transportation. The property is zoned PS-1 and includes cable availability.
The 0.12-acre property has a front porch and an expansive backyard. It is located near Young Circle, within a short bike ride of the beaches, and convenient to restaurants, shopping, and public transportation. The property is zoned PS-1 and includes cable availability.
Key Highlights
- 1,523‑square‑foot duplex on a 0.12‑acre lot
- New shingle roof installed in 2024
- Remodeled approximately 8–10 years ago
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
$27,288
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
4.59%
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%
$545,760
$545.8K
Cap Rate 7%
$389,829
$389.8K
Cap Rate 9%
$303,200
$303.2K
Market Conditions
NOI Build-Up for 1,523 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
$41.1K $27.00/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$39.0K $25.60/SF
− OpEx
−$11.7K −$7.68/SF
NOI
$27.3K $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%
$545,760
Cap Rate 7%
$389,829
Cap Rate 9%
$303,200
Alternative Uses
Best Use
Multifamily LT 5
$389.8K
$341.1K – $454.8K
NOI $27,288 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$595.8K
$521.3K – $695.1K
NOI $41,706 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,796
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?
Duplex - Duplex with ceramic tile floors, updated kitchen appliances, a front porch, and an expansive backyard.
Where is this duplex located?
The property is located at 1927 Funston Street Hollywood, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,523‑square‑foot duplex on a 0.12‑acre lot; New shingle roof installed in 2024; Remodeled approximately 8–10 years ago
