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Hollywood Triplex Development Opportunity
For Sale
$915,000

1231 N 16th Ct, Hollywood, FL 33020

City-approved site plan for modern triplex project in Hollywood.

Property SizeContact for details
Days on Market484

Property Features for 1231 N 16th Ct

General Information

Standard status Active
Property subtype Lots/Land

Taxes and HOA fees

Annual Taxes $8,525
Listing Agency: Bricks Real Estate LLC
Listed By: Mariana Ruscelli · License #3400278
Source: Exitrealty
Added: May 20, 2025 Changed: Sep 2 Last Checked: Sep 15 at 4:42AM

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 Bricks Real Estate LLC

Investment Insights

Based on property information with market context.

This property presents an opportunity for investors and developers, featuring a city-approved site plan for a modern project on a 9,000 square foot double lot. Located in a prime area of Hollywood, east of US 1 and one block from Hollywood Young Circle and ArtsPark, the site is also a few minutes from beaches. The approved plans detail a project for 4 triplexes, each measuring 2,500 square feet, with 8 parking spots. Currently, there is a 1,130 square foot rented house on the property, which can provide income until permits are approved or be delivered vacant at closing.

Key Highlights

  • City‑approved site plan for a modern project consisting of four triplexes.
  • Prime Hollywood location, one block east of Hollywood Young Circle/ArtsPark and close to beaches.
  • Double lot, 9,000 sq ft corner lot with approved plans for desirable architecture.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Restaurant Clothing & Fashion Store Dental Office Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,089
Businesses Nearby

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
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - City-approved site plan for modern triplex project in Hollywood.
Where is this triplex located?
The property is located at 1231 N 16th Ct Hollywood, FL.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: City‑approved site plan for a modern project consisting of four triplexes.; Prime Hollywood location, one block east of Hollywood Young Circle/ArtsPark and close to beaches.; Double lot, **9,000 sq ft corner lot with approved plans for desirable architecture**.
More about this property
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