Duplex with Impact Windows and Private
For Sale
$555,000
1928 Adams Street, Hollywood, FL 33020
MULTI_FAMILY - Hollywood, FL
Property Size1,755 SF
Price / SF$316.24
Days on Market245
Property Features for 1928 Adams Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMCRA-12
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Subdivision
Hollywood 1-21 B
Elementary school
Hollywood Central
Middle school
Olsen
High school
South Broward
Directions
From 95. take Hollywood Blvd east to s26th, van buren, right on Dixie, left on monroe, r on s 20th ave, left on Adams and property will be on the right
Standard status
Active
APN
514215016390
Size
1,755 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HOLLYWOOD 1-21 B LOT 23 BLK 32
Tax Annual Amount
7709
Legal Description
HOLLYWOOD 1-21 B LOT 23 BLK 32
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
newer appliances
air conditioning
washer/dryer in each unit
Building Details
Year built
1951
Floors in Building
1
Number of units
2
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
VantaSure Realty LLC
(954) 461-5734
Listed By:
Lauren Laski · License #3398531
(954) 461-8572
Added: Dec 5, 2025
Changed: Aug 5
Last Checked: Aug 7 at 5:06AM
MLS# F10539787
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 duplex includes two separate units, each with two bedrooms and one bathroom. The property features block construction with central heating and central air conditioning, along with impact windows and impact doors throughout. Updates noted include newer appliances, newer gas water heaters in both units, and one-year-old AC. Each unit has a washer and dryer, and flooring is split by unit (laminate in the front unit and tile in the back unit).
Located near Hollywood Blvd, Young Circle, and the Hollywood Broadwalk, the property also has four private parking spots in the back alley, with the property line going to the street. The roof is described as flat with tile.
Utilities include cable availability, with public water and public sewer. Built in 1951, the duplex is set up for a variety of occupancy options, including use as a primary residence or as a short-term rental.
Located near Hollywood Blvd, Young Circle, and the Hollywood Broadwalk, the property also has four private parking spots in the back alley, with the property line going to the street. The roof is described as flat with tile.
Utilities include cable availability, with public water and public sewer. Built in 1951, the duplex is set up for a variety of occupancy options, including use as a primary residence or as a short-term rental.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a duplex
- 1755 SF block duplex built in 1951
- Impact windows and doors throughout
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
$31,445
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
5.67%
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%
$628,900
$628.9K
Cap Rate 7%
$449,214
$449.2K
Cap Rate 9%
$349,389
$349.4K
Market Conditions
NOI Build-Up for 1,755 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
$47.4K $27.00/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$44.9K $25.60/SF
− OpEx
−$13.5K −$7.68/SF
NOI
$31.4K $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%
$628,900
Cap Rate 7%
$449,214
Cap Rate 9%
$349,389
Alternative Uses
Best Use
Multifamily LT 5
$449.2K
$393.1K – $524.1K
NOI $31,445 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$686.6K
$600.7K – $801.0K
NOI $48,059 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
602
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 - Duplex with impact windows and doors, RMCRA-12 zoning, and four private parking spots behind the units.
Where is this duplex located?
The property is located at 1928 Adams Street Hollywood, FL.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a duplex; 1755 SF block duplex built in 1951; Impact windows and doors throughout
