Remodeled Hollywood
For Sale
$665,000
2620 Harding Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,551 SF
Price / SF$428.76
Days on Market113
Property Features for 2620 Harding Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RS-3
Bedrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Spa
1
Patio and Porch features
Patio, Deck, Porch
Pets allowed
No, Yes
Exterior features
Storage
Fencing
Gate, Fenced
Subdivision
CRANSTON TERRACE
Lot features
Fruit Tree(s)
Elementary school
Oakridge
Middle school
Attucks
High school
South Broward
Standard status
Active
APN
514209130090
Size
1,551 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CRANSTON TERRACE 28-14 B LOT 9 BLK 1
Tax Annual Amount
9473
Legal Description
CRANSTON TERRACE 28-14 B LOT 9 BLK 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
spa/plunge pool
deck
low-maintenance landscaping
Building Details
Year built
1952
Floors in Building
1
Number of units
3
Flooring type
Tile, Tile - Ceramic
Building materials
Block, CBS, Stucco
Roof type
Tile, Shingle, Flat
Additional Structures
Storage, Outbuilding
Listing Agency:
Aqua Realty Services
(954) 941-6658
Listed By:
Alexis N Tinsley · License #3339862
(954) 326-4160
Added: May 26
Changed: Sep 13
Last Checked: Sep 15 at 3:06AM
MLS# B26033099
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 RS-3-zoned triplex includes three distinct residences: a renovated two-bedroom, one-bath unit, a one-bedroom, one-bath unit, and a detached studio efficiency with its own rear entry. Each residence has a newer air-conditioning system. The property provides approximately 1,611 square feet of living area and about 2,000 square feet under roof, with tile flooring, public water and sewer, fenced outdoor areas, storage, and a 45-foot deck. Roofs were replaced in 2020.
Situated on a low-traffic street in East Hollywood, the property is minutes from downtown Hollywood, area beaches, Fort Lauderdale International Airport, and the Hard Rock. Parking accommodates up to 6 vehicles, with additional room for an RV or boat. The residences are occupied by tenants on month-to-month arrangements, and the property includes an in-ground spa or plunge pool that is not currently in use.
Situated on a low-traffic street in East Hollywood, the property is minutes from downtown Hollywood, area beaches, Fort Lauderdale International Airport, and the Hard Rock. Parking accommodates up to 6 vehicles, with additional room for an RV or boat. The residences are occupied by tenants on month-to-month arrangements, and the property includes an in-ground spa or plunge pool that is not currently in use.
Key Highlights
- Three residences: 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and detached studio efficiency
- Approximately 1,611 square feet of living space and 2,000 square feet under roof
- Parking for up to 6 vehicles, including room for an RV or boat
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
$27,790
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
4.18%
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%
$555,800
$555.8K
Cap Rate 7%
$397,000
$397.0K
Cap Rate 9%
$308,778
$308.8K
Market Conditions
NOI Build-Up for 1,551 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
$41.9K $27.00/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$39.7K $25.60/SF
− OpEx
−$11.9K −$7.68/SF
NOI
$27.8K $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%
$555,800
Cap Rate 7%
$397,000
Cap Rate 9%
$308,778
Alternative Uses
Best Use
Multifamily LT 5
$397.0K
$347.4K – $463.2K
NOI $27,790 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$369.3K
$323.2K – $430.9K
NOI $25,852 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$606.8K
$530.9K – $707.9K
NOI $42,473 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,224
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated interiors, separate access, parking, and flexible short- or long-term rental use.
Where is this triplex located?
The property is located at 2620 Harding Street Hollywood, FL.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Three residences: 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and detached studio efficiency; Approximately 1,611 square feet of living space and 2,000 square feet under roof; Parking for up to 6 vehicles, including room for an RV or boat
