Duplex with Detached
New
For Sale
$529,000
Hollywood, FL 33024, Hollywood, FL 33024
Residential Income, Hollywood, FL
Property Size964 SF
Price / SF$548.76
Days on Market4
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
C-MU
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3
Parking
6
Subdivision
GRACEWOOD NO 2
Lot features
< 1/4 Acre
Standard status
Active
APN
514113060188
Size
964 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GRACEWOOD NO 2 24-33 B LOT 5 BLK 3
Tax Annual Amount
8508
Legal Description
GRACEWOOD NO 2 24-33 B LOT 5 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Zoned
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Sandra Osorio · License #3389975
(786) 443-4761
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 26 at 8:06AM
MLS# A12094484
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 two detached residences and was remodeled in 2022. The property totals 964 square feet, with block construction, ceramic tile flooring, a shingle roof, and heat-pump heating. Both residences are currently rented. Public water and septic service are in place, and cable is available.
The property is in Hollywood, between the Florida Turnpike and US-441, with access to shopping, dining, and regional roadways. Hard Rock Stadium is among the destinations identified nearby. Parking is available on the lot.
The property is in Hollywood, between the Florida Turnpike and US-441, with access to shopping, dining, and regional roadways. Hard Rock Stadium is among the destinations identified nearby. Parking is available on the lot.
Key Highlights
- Two detached residences, both currently rented
- Remodeled in 2022
- 964 square feet
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
$17,272
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
3.27%
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%
$345,440
$345.4K
Cap Rate 7%
$246,743
$246.7K
Cap Rate 9%
$191,911
$191.9K
Market Conditions
NOI Build-Up for 964 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
$26.0K $27.00/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$24.7K $25.60/SF
− OpEx
−$7.4K −$7.68/SF
NOI
$17.3K $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%
$345,440
Cap Rate 7%
$246,743
Cap Rate 9%
$191,911
Alternative Uses
Best Use
Multifamily LT 5
$246.7K
$215.9K – $287.9K
NOI $17,272 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$229.5K
$200.9K – $267.8K
NOI $16,068 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$377.1K
$330.0K – $440.0K
NOI $26,398 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
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 separate residences are currently rented, with ceramic tile flooring and zoned cooling.
Where is this duplex located?
The property is located at Hollywood, FL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two detached residences, both currently rented; Remodeled in 2022; 964 square feet
