Duplex With Airbnb
For Sale
$535,000
1947 Adams Street, Hollywood, FL 33020
MULTI_FAMILY - Hollywood, FL
Property Size1,021 SF
Lot Size0.13 Acres
Price / SF$523
Days on Market43
Property Features for 1947 Adams Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PS-2
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Pets allowed
Yes, No
Subdivision
HOLLYWOOD
Elementary school
Hollywood Central
Middle school
Olsen
High school
South Broward
Standard status
Active
APN
514215016050
Size
1,021 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD 1-21 B LOT 3 BLK 31
Tax Annual Amount
6126
Legal Description
HOLLYWOOD 1-21 B LOT 3 BLK 31
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Frame, Stucco
Roof type
Flat
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Ann E McQueen · License #3041716
(954) 673-2842
Added: Jun 27
Changed: Aug 5
Last Checked: Aug 8 at 10:06PM
MLS# B26046190
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.
Duplex located at 1947 Adams Street, Hollywood, FL 33020, built in 1925. The property sits on a 0.13-acre lot with a flat roof and frame/stucco construction. Interior finishes include ceramic tile flooring. Cooling is provided by wall/window unit(s) and window unit(s). Public utilities include public water service and public sewer.
The home is described as an income-producing duplex currently operating with an active Airbnb license. Zoning is listed as PS-2, with zoning allowing up to 10 units and 5 stories. The listing notes the property’s proximity to restaurants, shopping, and entertainment, and that it is about 10 minutes from the beach.
For buyers seeking a property that can support short-term rental operations today while also aligning with a higher-density development framework under the stated zoning limits, this duplex offers a configuration that includes two bedrooms and two bathrooms.
The home is described as an income-producing duplex currently operating with an active Airbnb license. Zoning is listed as PS-2, with zoning allowing up to 10 units and 5 stories. The listing notes the property’s proximity to restaurants, shopping, and entertainment, and that it is about 10 minutes from the beach.
For buyers seeking a property that can support short-term rental operations today while also aligning with a higher-density development framework under the stated zoning limits, this duplex offers a configuration that includes two bedrooms and two bathrooms.
Key Highlights
- 0.13‑acre lot with duplex construction built in 1925
- Zoned PS‑2 allowing up to 10 units and 5 stories
- Currently operating with an active Airbnb license
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
$18,293
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
3.42%
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%
$365,860
$365.9K
Cap Rate 7%
$261,329
$261.3K
Cap Rate 9%
$203,256
$203.3K
Market Conditions
NOI Build-Up for 1,021 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
$27.6K $27.00/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$26.1K $25.60/SF
− OpEx
−$7.8K −$7.68/SF
NOI
$18.3K $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%
$365,860
Cap Rate 7%
$261,329
Cap Rate 9%
$203,256
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.7K – $304.9K
NOI $18,293 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,018 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$399.4K
$349.5K – $466.0K
NOI $27,959 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 1925 with public water and public sewer service and an active Airbnb license.
Where is this duplex located?
The property is located at 1947 Adams Street Hollywood, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 0.13‑acre lot with duplex construction built in 1925; Zoned PS‑2 allowing up to 10 units and 5 stories; Currently operating with an active Airbnb license
