Four-Plex with Private Swimming
For Sale
$990,000
Pending
2447 Roosevelt Street, Hollywood, FL 33020
MULTI_FAMILY - Hollywood, FL
Property Size2,839 SF
Days on Market290
Property Features for 2447 Roosevelt Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-9
Bedrooms
8
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 8, Bathroom 5, Bathroom 3
Pets allowed
No
Pool private
1
Exterior features
Balcony, Courtyard, Private Rooftop Terrace
Fencing
Privacy, Gate
Subdivision
Hollywood Park 4-19 B
Lot features
Corner Lot
Elementary school
Oakridge
Middle school
Olsen
High school
South Broward
Directions
From I-95 go East on Sheridan to N 25th Ave. Go South on N 25th Ave (Turn Right) to Roosevelt St. Property will be on left side Northeast corner of N 25th Ave and Roosevelt. Park Anywhere.
Standard status
Pending
APN
514209057980
Size
2,839 SF
Taxes and HOA fees
Tax Year
2023
Tax Description
HOLLYWOOD PARK 4-19 B LOT 12 BLK 47
Tax Annual Amount
10162
Legal Description
HOLLYWOOD PARK 4-19 B LOT 12 BLK 47
Utilities
Utilities
Cable Available
Sewer type
Public Sewer, Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Window Unit(s), Wall/Window Unit(s), Electric
Water source
Public
Amenities
swimming pool
Building Details
Year built
1952
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Tile - Ceramic
Building materials
CBS, Frame, Stucco
Roof type
Flat, Composition, Rolled Hot Mop, Fiberglass, Shingle
Listing Agency:
Allstar Realty Inc
(954) 530-7118
Listed By:
William M McLaren Jr · License #3009266
(954) 445-7355
Added: Nov 2, 2025
Changed: Aug 5
Last Checked: Aug 18 at 9:06AM
MLS# F10534724
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 four-plex was built in 1952 and offers a total of 8 bedrooms across two structures. The main building is configured as 4 bedrooms and 2 bathrooms downstairs, plus 2 bedrooms and 1 bathroom upstairs. The back building offers 1 bedroom and 1 bathroom downstairs and a 1-bedroom studio upstairs. All units are described as in good condition, with new roofs on 3 of the units. Tenants are currently all month-to-month.
A private, full-sized swimming pool is available to all units, and the property includes outdoor features such as a courtyard and private rooftop terrace. Exterior elements also include balconies and fencing with a gate and privacy. Heating is electric with central systems, with cooling provided by window/wall units.
The property is served by public water and includes both septic tank and public sewer. The listing notes a great corner location with plenty of parking. Zoning is RM-9.
A private, full-sized swimming pool is available to all units, and the property includes outdoor features such as a courtyard and private rooftop terrace. Exterior elements also include balconies and fencing with a gate and privacy. Heating is electric with central systems, with cooling provided by window/wall units.
The property is served by public water and includes both septic tank and public sewer. The listing notes a great corner location with plenty of parking. Zoning is RM-9.
Key Highlights
- RM‑9 zoning four‑plex built in 1952
- Private, full‑sized swimming pool available to all units
- 8 bedrooms total across two structures
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
$50,867
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
5.14%
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%
$1,017,340
$1.0M
Cap Rate 7%
$726,671
$726.7K
Cap Rate 9%
$565,189
$565.2K
Market Conditions
NOI Build-Up for 2,839 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
$76.7K $27.00/SF
− Vacancy
−$4.0K −$1.40/SF
EGI
$72.7K $25.60/SF
− OpEx
−$21.8K −$7.68/SF
NOI
$50.9K $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%
$1,017,340
Cap Rate 7%
$726,671
Cap Rate 9%
$565,189
Alternative Uses
Best Use
Multifamily LT 5
$726.7K
$635.8K – $847.8K
NOI $50,867 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$676.0K
$591.5K – $788.7K
NOI $47,320 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.11M
$971.8K – $1.30M
NOI $77,743 @ 7.0% cap · market cap 7.85%
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
1,476
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?
Quadplex - Four-plex in RM-9 zoning with a private full-sized swimming pool and month-to-month tenants.
Where is this quadplex located?
The property is located at 2447 Roosevelt Street Hollywood, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: RM‑9 zoning four‑plex built in 1952; Private, full‑sized swimming pool available to all units; 8 bedrooms total across two structures
