Duplex with Split Electrical
For Sale
$469,999
Hollywood, FL 33020, Hollywood, FL 33020
MULTI_FAMILY - Hollywood, FL
Property Size986 SF
Price / SF$476.67
Days on Market77
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
DH-3
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
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
Amenities
yard
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: May 28
Changed: Aug 2
Last Checked: Aug 12 at 7:06PM
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 features two equal one-bedroom, one-bath units, with split electrical meters to support flexible living and leasing. The property includes ample parking and a huge yard, with a flat roof, block construction, and vinyl flooring. It’s served by public sewer and has cable available, supporting straightforward utility setup for tenants.
Built in 1938, the duplex is located in Hollywood, FL 33020, in central Hollywood near schools and just minutes from Hollywood Beach and Downtown Hollywood. The area also offers nearby shops, dining, and major highways for day-to-day convenience.
Each unit’s layout provides a practical option for an owner-occupant to live in one unit while renting the other, or for leasing both units. The oversized lot also offers space you can consider using for added privacy and exterior improvements, including fencing, as well as options to expand parking or add future utility to the site.
Built in 1938, the duplex is located in Hollywood, FL 33020, in central Hollywood near schools and just minutes from Hollywood Beach and Downtown Hollywood. The area also offers nearby shops, dining, and major highways for day-to-day convenience.
Each unit’s layout provides a practical option for an owner-occupant to live in one unit while renting the other, or for leasing both units. The oversized lot also offers space you can consider using for added privacy and exterior improvements, including fencing, as well as options to expand parking or add future utility to the site.
Key Highlights
- Two equal one‑bedroom, one‑bath units
- Split electrical meters for flexible tenant setup
- 986 SF duplex built in 1938
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
3.76%
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 3.76%
Second Best
Apartment 5plus
$234.8K
$205.4K – $273.9K
NOI $16,435 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$385.7K
$337.5K – $450.0K
NOI $27,001 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,146
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 - Duplex with two equal one-bedroom, one-bath units and split electrical meters, block construction, and cable available utilities.
Where is this duplex located?
The property is located at Hollywood, FL.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: Two equal one‑bedroom, one‑bath units; Split electrical meters for flexible tenant setup; 986 SF duplex built in 1938
