Duplex With Separate
For Sale
$520,000
915 N 19th Ave, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,462 SF
Price / SF$355.68
Days on Market40
Property Features for 915 N 19th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
ND-1
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking
4
Subdivision
HOLLYWOOD LAWNS
Lot features
< 1/4 Acre
Standard status
Active
APN
514210140050
Size
1,462 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD LAWNS 2-58 B LOT 8
Tax Annual Amount
9674
Legal Description
HOLLYWOOD LAWNS 2-58 B LOT 8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
in-unit laundry
on-site laundry room
Building Details
Year built
1959
Flooring type
Laminate
Building materials
Block
Listing Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Keylla Kell Sanchez · License #3232235
(954) 274-6341
Added: Jul 30
Changed: Sep 2
Last Checked: Sep 7 at 4:06AM
MLS# A12012881
Copyright © 2026 Miami REALTORS®. 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 1462-square-foot duplex contains two residential units with separate electric meters and four total parking spaces. Each unit has two assigned spaces. The front residence includes in-unit laundry, while the rear residence uses an on-site laundry room. The rear unit has been recently remodeled, and the building’s roof was replaced in 2023. Block construction, laminate flooring, central heating, and central air conditioning serve the property. Both units are currently leased month-to-month.
The property is located at 915 N 19th Ave in Hollywood, Florida, near restaurants, new development, and the beach. Public sewer service supports the site, and the building was constructed in 1959.
The property is located at 915 N 19th Ave in Hollywood, Florida, near restaurants, new development, and the beach. Public sewer service supports the site, and the building was constructed in 1959.
Key Highlights
- 1462 square feet with two residential units
- Separate electric meters for each unit
- Four parking spaces, with two assigned to each unit
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
$26,195
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
5.04%
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%
$523,900
$523.9K
Cap Rate 7%
$374,214
$374.2K
Cap Rate 9%
$291,056
$291.1K
Market Conditions
NOI Build-Up for 1,462 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
$39.5K $27.00/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$37.4K $25.60/SF
− OpEx
−$11.2K −$7.68/SF
NOI
$26.2K $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%
$523,900
Cap Rate 7%
$374,214
Cap Rate 9%
$291,056
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$348.1K
$304.6K – $406.2K
NOI $24,369 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$571.9K
$500.4K – $667.3K
NOI $40,035 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,411
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer individual electric metering, dedicated parking, and on-site laundry access.
Where is this duplex located?
The property is located at 915 N 19th Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1462 square feet with two residential units; Separate electric meters for each unit; Four parking spaces, with two assigned to each unit
