Duplex with Upgraded
New
For Sale
$619,000
2341 HARDING Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,421 SF
Price / SF$435.61
Days on Market3
Property Features for 2341 HARDING Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
DH-1
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Subdivision
HOLLYWOOD PARK
Elementary school
Oakridge
Middle school
Attucks
High school
South Broward
Standard status
Active
APN
514209055380
Size
1,421 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD PARK 4-19 B LOT 11 BLK 33
Tax Annual Amount
8332
Legal Description
HOLLYWOOD PARK 4-19 B LOT 11 BLK 33
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Number of units
3
Building materials
CBS
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX Prestige Realty/WPB · RE/MAX International
(561) 659-1575
Listed By:
Ronald Cosby PA · License #653683
(754) 367-4663
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 3:06AM
MLS# B26073864
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 contains 1,421 square feet and was built in 1962 with CBS construction. The property includes a two-bedroom apartment with a long-term tenant and a one-bedroom apartment that has been upgraded and recently leased. Window and wall/window unit cooling serve the residences, while the building has a shingle roof and DH-1 zoning.
Located at 2341 Harding Street in Hollywood, the property is near Hollywood Beach and the downtown area, with I-95 accessible by a short drive. Public water, septic service, and electricity availability are reported for the site.
Located at 2341 Harding Street in Hollywood, the property is near Hollywood Beach and the downtown area, with I-95 accessible by a short drive. Public water, septic service, and electricity availability are reported for the site.
Key Highlights
- 1,421‑square‑foot duplex built in 1962
- Two‑bedroom unit occupied by a long‑term tenant
- Upgraded one‑bedroom unit with a recent tenant
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
$25,460
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
4.11%
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%
$509,200
$509.2K
Cap Rate 7%
$363,714
$363.7K
Cap Rate 9%
$282,889
$282.9K
Market Conditions
NOI Build-Up for 1,421 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
$38.4K $27.00/SF
− Vacancy
−$2.0K −$1.40/SF
EGI
$36.4K $25.60/SF
− OpEx
−$10.9K −$7.68/SF
NOI
$25.5K $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%
$509,200
Cap Rate 7%
$363,714
Cap Rate 9%
$282,889
Alternative Uses
Best Use
Multifamily LT 5
$363.7K
$318.3K – $424.3K
NOI $25,460 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$338.4K
$296.1K – $394.8K
NOI $23,685 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$555.9K
$486.4K – $648.6K
NOI $38,913 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,197
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-unit residential property with one upgraded apartment and established occupancy in a central Hollywood setting.
Where is this duplex located?
The property is located at 2341 HARDING Street Hollywood, FL.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: 1,421‑square‑foot duplex built in 1962; Two‑bedroom unit occupied by a long‑term tenant; Upgraded one‑bedroom unit with a recent tenant
