9-Unit Apartment
New
For Sale
$2,799,900
5619 MCKINLEY, Hollywood, FL 33021
MULTI_FAMILY - Hollywood, FL
Property Size7,322 SF
Lot Size0.80 Acres
Price / SF$382.40
Days on Market4
Property Features for 5619 MCKINLEY
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-9
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3
Pets allowed
Size Limit, Dogs OK, Cats OK, Yes
Exterior features
Awning(s)
Subdivision
HOLLYWOOD COUNTRY ESTATES
Elementary school
Sheridan Hills
Middle school
Attucks
High school
South Broward
Standard status
Active
APN
514112101070
Size
7,322 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD COUNTRY ESTATES 24-9 B LOT 17 LESS W 110 OF S 94, BLK 4
Tax Annual Amount
27723
Legal Description
HOLLYWOOD COUNTRY ESTATES 24-9 B LOT 17 LESS W 110 OF S 94, BLK 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Shingle
Listing Agency:
CSRF Real Estate
(954) 284-1971
Listed By:
Brian Davis · License #3483151
(954) 284-1971
Added: Aug 9
Changed: Aug 12
Last Checked: Aug 12 at 11:06PM
MLS# B26062106
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 apartment property comprises 9 rental units distributed among four duplex buildings and one single-family home across 2 folios. The improvements total 7,322 square feet on a 0.8-acre site and were built in 1990. Construction is CBS, with tile flooring, shingle roofing, central heating, central air, awnings, public water, and public sewer. Zoning is RM-9.
The property is in Hollywood, Florida, near the Seminole Hard Rock Hotel & Casino and Hard Rock Stadium. Access to the Florida Turnpike and I-95 is identified in the property information, while cable service is available. The site combines multiple residential structures under one offering, with the existing unit configuration providing a defined multifamily layout.
The property is in Hollywood, Florida, near the Seminole Hard Rock Hotel & Casino and Hard Rock Stadium. Access to the Florida Turnpike and I-95 is identified in the property information, while cable service is available. The site combines multiple residential structures under one offering, with the existing unit configuration providing a defined multifamily layout.
Key Highlights
- 9 units across four duplexes and one single‑family home
- 7,322 square feet of improvements on 0.8 acres
- Located across 2 folios
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
$131,190
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
4.69%
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%
$2,623,800
$2.6M
Cap Rate 7%
$1,874,143
$1.9M
Cap Rate 9%
$1,457,667
$1.5M
Market Conditions
NOI Build-Up for 7,322 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
$197.7K $27.00/SF
− Vacancy
−$10.3K −$1.40/SF
EGI
$187.4K $25.60/SF
− OpEx
−$56.2K −$7.68/SF
NOI
$131.2K $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%
$2,623,800
Cap Rate 7%
$1,874,143
Cap Rate 9%
$1,457,667
Alternative Uses
Best Use
Multifamily LT 5
$1.87M
$1.64M – $2.19M
NOI $131,190 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$1.74M
$1.53M – $2.03M
NOI $122,043 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,506 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Explore this area
Business Placement
Demographics for 33021, FL
50,091
Population
21,930
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
5,692
Density / Sq Mi
$69,249
Median Household Income
$41,390
Median Earnings
$1,707
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Rental compound includes four duplexes and one single-family residence across two folios.
Where is this apartment building located?
The property is located at 5619 MCKINLEY Hollywood, FL.
What is the asking price?
The asking price for this property is $2,799,900.
What are key features of this property?
This property features: 9 units across four duplexes and one single‑family home; 7,322 square feet of improvements on 0.8 acres; Located across 2 folios
