Four-Unit Multifamily
For Sale
$750,000
1-4-1930 Pierce St, Hollywood, FL 33019
Multifamily property with varied unit layouts, separate electric meters, parking, storage, and a central courtyard.
Property Size1,788 SF
Price / SF$419.46
Days on Market60
Property Features for 1-4-1930 Pierce St
General Information
Standard status
Active
Size
1,788 SF
Total Parking Spaces
6
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 3 x efficiency
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,607
Amenities
storage room
courtyard
Building Details
Buildings
2
Listing Agency:
Coldwell Banker Realty/Hollywood
(954) 963-1600
Listed By:
Sharon K Welker
(954) 805-1520
Source:
Exprealty
Added: Aug 24
Changed: Oct 13
Last Checked: Oct 20 at 8:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty/Hollywood
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,788-square-foot quadplex at 1-4-1930 Pierce St in Hollywood includes four units: one open-plan 2-bedroom, 1-bath residence and three efficiencies. Tile flooring runs through the property, with 3 separate meters supporting the unit configuration. The improvements also include a large storage room and a courtyard positioned between the buildings.
Approximately 6 parking spaces are located at the front of the building and behind the second building. The property is situated near the beach, schools, and downtown Hollywood, with no HOA and an all-ages occupancy policy.
Approximately 6 parking spaces are located at the front of the building and behind the second building. The property is situated near the beach, schools, and downtown Hollywood, with no HOA and an all-ages occupancy policy.
Key Highlights
- Four‑unit configuration with one 2‑bedroom, 1‑bath unit and 3 efficiencies
- 1,788 square feet of multifamily improvements
- 3 separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,036
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,720
$640.7K
Cap Rate 7%
$457,657
$457.7K
Cap Rate 9%
$355,956
$356.0K
Market Conditions
NOI Build-Up for 1,788 SF
Gross rent
$48.3K $27.00/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$45.8K $25.60/SF
− OpEx
−$13.7K −$7.68/SF
NOI
$32.0K $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 Rate 5%
$640,720
Cap Rate 7%
$457,657
Cap Rate 9%
$355,956
Alternative Uses
Best Use
Multifamily LT 5
$457.7K
$400.5K – $533.9K
NOI $32,036 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$425.7K
$372.5K – $496.7K
NOI $29,802 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$699.5K
$612.0K – $816.1K
NOI $48,963 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 33019, FL
15,497
Population
12,453
Households
1.2
Avg Household Size
55
Median Age
60%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,188
Density / Sq Mi
$94,824
Median Household Income
$59,226
Median Earnings
$1,983
Median Rent
$631,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with varied unit layouts, separate electric meters, parking, storage, and a central courtyard.
Where is this quadplex located?
The property is located at 1-4-1930 Pierce St Hollywood, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit configuration with one 2‑bedroom, 1‑bath unit and 3 efficiencies; 1,788 square feet of multifamily improvements; 3 separate meters
