2531 Pierce Street Hollywood, FL
MULTI_FAMILY - Hollywood, FL
Property Features for 2531 Pierce Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-18
- Parking
- 4
- Parking features
- Covered
- Standard status
- Active
- APN
- 514216015270
- Size
- 1,785 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
- Parquet Wood, Laminate, Tile, Terrazzo, Vinyl
- Building materials
- Block, CBS, Concrete, Concrete Block - With Stucco, Stucco
- Roof type
- Flat, Shingle
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 4, 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.
The property is zoned RM-18. A formal Pre-Application Consultation (PAC) meeting with the city has been held, with representatives from planning, zoning, engineering, landscape, fire, and other relevant disciplines present, who confirmed the site plan is feasible and compliant with current zoning and regulations. The property is also identified as being in a Qualified Opportunity Zone.
For buyers and developers, the combination of an income-producing existing residence and planned multi-unit development can support a transition from single-structure income to a larger multifamily configuration without demolishing the current home. Seller financing is noted as available. For project specifics, including the provided plans, attachments, and supporting materials referenced in the remarks, review the photos and attachments or contact the listing agent.
Key Highlights
- Income‑producing 3/2 home with in‑law suite plus additional development capacity on the same lot for a total of 9 units
- Proposed build‑out includes 8 additional 2‑bedroom units, each approximately 760 SF (without tearing down the existing home)
- City PAC (pre‑application consultation) held; representatives across disciplines confirmed the site plan is 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 | $56.8k | $31.80 |
| − Vacancy | −$2.7k | −$1.49 |
| EGI | $54.1k | $30.31 |
| − OpEx | −$24.3k | −$13.64 |
| NOI | $29.8k | $16.67 |
