Duplex Near Hollywood
For Sale
$599,000
1734 N 16th Ct, Hollywood, FL 33020
Duplex with spacious units near the beach and downtown Hollywood.
Property Size1,926 SF
Days on Market273
Property Features for 1734 N 16th Ct
General Information
Standard status
Active
Size
1,926 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$9,742
Building Details
Building Size
1,926 SF
Year Built
1986
Stories
1
Listing Agency:
(305) 985-6214
Listed By:
Babac Mahallati · License #0705018
(305) 985-6214
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 22
Last Checked: Aug 26 at 9:41AM
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 Babac Mahallati
Investment Insights
Based on property information with market context.
This duplex features a 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit. It is located east of US-1, placing it minutes from the beach and downtown Hollywood. Both units feature ceramic tile flooring throughout and large kitchens. Each unit is in excellent, move-in condition and includes central A/C and in-unit washer and dryer. The property is within walking distance of A-rated schools, shops, and public transportation. It also offers two parking spaces and a large backyard, providing a quiet and comfortable setting in a desirable neighborhood.
Key Highlights
- Minutes from the beach and downtown Hollywood
- Two units: a 3 bed/2 bath and a 1 bed/1 bath
- Excellent, move‑in condition
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
$34,509
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
5.76%
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%
$690,180
$690.2K
Cap Rate 7%
$492,986
$493.0K
Cap Rate 9%
$383,433
$383.4K
Market Conditions
NOI Build-Up for 1,926 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
$52.0K $27.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$49.3K $25.60/SF
− OpEx
−$14.8K −$7.68/SF
NOI
$34.5K $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%
$690,180
Cap Rate 7%
$492,986
Cap Rate 9%
$383,433
Alternative Uses
Best Use
Multifamily LT 5
$493.0K
$431.4K – $575.2K
NOI $34,509 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$458.6K
$401.3K – $535.1K
NOI $32,103 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$753.5K
$659.3K – $879.0K
NOI $52,742 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,413
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with spacious units near the beach and downtown Hollywood.
Where is this duplex located?
The property is located at 1734 N 16th Ct Hollywood, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Minutes from the beach and downtown Hollywood; Two units: a 3 bed/2 bath and a 1 bed/1 bath; Excellent, move‑in condition
