Three-Unit Triplex Near Federal
For Sale
$613,000
1008 N 18th Ct, Hollywood, FL 33020
Three separate residences provide a mix of one- and two-bedroom layouts alongside a studio.
Property Size1,337 SF
Lot Size0.12 Acres
Price / SF$458.49
Days on Market8
Property Features for 1008 N 18th Ct
General Information
Standard status
Active
Size
1,337 SF
Total Parking Spaces
4
Lot size
0.12 Acres
Property subtype
Residential Income
Zoning
ND-1
Net Operating Income
$21,595
Site & Location
Neighborhood
Royal Poinciana
Highway Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA, 1 x studio/1BA
Multifamily Units
3
Additional Details
Gross Income
$51,480
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,377
Amenities
Wall/Window Unit(s)
Central
Building Details
Building Size
1,337 SF
Year Built
1924
Stories
1
Tenancy
Multi
Listing Agency:
Compass Florida LLC
Listed By:
Daniel Uribe Meneses · License #3502877
(646) 573-2921
Source:
Evrealestate
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 30 at 2:47PM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
This 1924-built triplex contains three residences totaling 1,337 square feet on a 5,278-square-foot lot. The unit mix consists of a two-bedroom, one-bath apartment, a one-bedroom, one-bath apartment, and a studio with one bath. Appliances are included, and the property is offered as-is. All three tenancies are month-to-month, with current occupants expressing a preference to remain.
The property is in Hollywood, just west of Federal Highway (US-1), with ArtsPark at Young Circle, Downtown Hollywood, the beach, and I-95 cited among nearby destinations. Zoning is ND-1 (North Downtown District). Buyers should confirm permitted uses, density, and allowable square footage with the City of Hollywood.
The property is in Hollywood, just west of Federal Highway (US-1), with ArtsPark at Young Circle, Downtown Hollywood, the beach, and I-95 cited among nearby destinations. Zoning is ND-1 (North Downtown District). Buyers should confirm permitted uses, density, and allowable square footage with the City of Hollywood.
Key Highlights
- Three units totaling 1,337 sq ft
- 5,278 sq ft lot
- Unit mix: 2 bed/1 bath, 1 bed/1 bath, and studio/1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,955
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,100
$479.1K
Cap Rate 7%
$342,214
$342.2K
Cap Rate 9%
$266,167
$266.2K
Market Conditions
NOI Build-Up for 1,337 SF
Gross rent
$36.1K $27.00/SF
− Vacancy
−$1.9K −$1.40/SF
EGI
$34.2K $25.60/SF
− OpEx
−$10.3K −$7.68/SF
NOI
$24.0K $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%
$479,100
Cap Rate 7%
$342,214
Cap Rate 9%
$266,167
Alternative Uses
Best Use
Multifamily LT 5
$342.2K
$299.4K – $399.3K
NOI $23,955 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$318.4K
$278.6K – $371.4K
NOI $22,285 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$523.0K
$457.7K – $610.2K
NOI $36,612 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,682
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences provide a mix of one- and two-bedroom layouts alongside a studio.
Where is this triplex located?
The property is located at 1008 N 18th Ct Hollywood, FL.
What is the asking price?
The asking price for this property is $613,000.
What are key features of this property?
This property features: Three units totaling 1,337 sq ft; 5,278 sq ft lot; Unit mix: 2 bed/1 bath, 1 bed/1 bath, and studio/1 bath
