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 Market15
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: Sep 6
Last Checked: Sep 6 at 2:24PM
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
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 = 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
$32,036
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
4.27%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
