Two-Unit Duplex with Separate
For Sale
$449,999
Hollywood, FL 33020, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size986 SF
Price / SF$456.39
Days on Market59
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
DH-3
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking
4
Subdivision
HOLLYWOOD PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
514209050630
Size
986 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD PARK 4-19 B LOT 16 BLK 6
Tax Annual Amount
7153
Legal Description
HOLLYWOOD PARK 4-19 B LOT 16 BLK 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Building Details
Year built
1938
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Flat
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Eric Faden · License #3419776
(786) 704-2468
Added: Jul 30
Changed: Sep 18
Last Checked: Sep 26 at 9:06PM
MLS# A11923163
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 duplex contains 986 square feet arranged as two equal one-bedroom, one-bath units. The property was built in 1938 and features block construction, vinyl flooring, flat roofing, public sewer service, and cable availability. Separate electrical meters serve the units, supporting independent utility management.
The property is in Hollywood, Florida, near Hollywood Beach, Downtown Hollywood, shops, dining, major highways, and schools. Its configuration accommodates leasing both residences or occupying one unit while renting the other. Existing rooms include two bedrooms and two bathrooms across the two-unit layout.
The property is in Hollywood, Florida, near Hollywood Beach, Downtown Hollywood, shops, dining, major highways, and schools. Its configuration accommodates leasing both residences or occupying one unit while renting the other. Existing rooms include two bedrooms and two bathrooms across the two-unit layout.
Key Highlights
- 986‑square‑foot duplex with two equal 1‑bedroom, 1‑bath units
- Separate electrical meters for the two residences
- Block construction with vinyl flooring and a flat roof
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
$17,666
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
3.93%
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%
$353,320
$353.3K
Cap Rate 7%
$252,371
$252.4K
Cap Rate 9%
$196,289
$196.3K
Market Conditions
NOI Build-Up for 986 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
$26.6K $27.00/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$25.2K $25.60/SF
− OpEx
−$7.6K −$7.68/SF
NOI
$17.7K $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%
$353,320
Cap Rate 7%
$252,371
Cap Rate 9%
$196,289
Alternative Uses
Best Use
Multifamily LT 5
$252.4K
$220.8K – $294.4K
NOI $17,666 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$234.8K
$205.4K – $273.9K
NOI $16,435 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$385.7K
$337.5K – $450.0K
NOI $27,001 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,617
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered units support flexible rental or owner-occupant use.
Where is this duplex located?
The property is located at Hollywood, FL.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: 986‑square‑foot duplex with two equal 1‑bedroom, 1‑bath units; Separate electrical meters for the two residences; Block construction with vinyl flooring and a flat roof
