2531 Pierce Street Hollywood, FL 33020
MULTI_FAMILY - Hollywood, FL
Property Features for 2531 Pierce Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-18
- Bedrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
- Pets allowed
- No, Yes
- Exterior features
- Awning(s), Lighting, Storage
- Standard status
- Active
- APN
- 514216015270
- Size
- 1,440 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
- Tax Annual Amount
- 9667
Utilities
- Sewer type
- Septic Tank, Private Sewer, Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Terrazzo, Vinyl, Tile
- Building materials
- Block, CBS, Concrete, Concrete Block - With Stucco, Stucco
- Roof type
- Flat, Shingle
- Additional Structures
- Storage
Listing agent Michael J Sheer License #3355952 (954) 993-6664
Listing office United Realty Group Inc. 975 N Nob Hill Road, Plantation, FL (954) 450-2000
Listing date Jun 1, 2026
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.
Zoned RM-18, the site includes a formal Pre-Application Consultation (PAC) meeting with the City, with representatives from multiple disciplines present, and they confirmed the site plan is feasible and compliant with current zoning and regulations. The seller’s materials also describe the property as within walking distance to local schools, a library, parks, and Downtown Hollywood.
For investors or developers, the practical fit is the combination of an operating residence and additional development capacity on one tract without requiring demolition of the current 3/2 home. Seller-provided underwriting references market value and projected returns, and the property is stated to be located in a Qualified Opportunity Zone; tax benefits may apply and eligibility should be reviewed with a tax professional. For more details on the layout, parking/access, and submitted materials, contact the listing agent.
Key Highlights
- 3/2 home with in‑law suite setup plus additional development capacity for 8 more units on the same lot (total 9 units).
- Additional 8 units planned as approximately 760 SF 2‑bedroom apartments.
- Formal Pre‑Application Consultation (PAC) meeting with the city held; site plan confirmed feasible and compliant with current zoning and regulations.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.8k | $31.80 |
| − Vacancy | −$2.2k | −$1.49 |
| EGI | $43.6k | $30.31 |
| − OpEx | −$19.6k | −$13.64 |
| NOI | $24.0k | $16.67 |
