Renovated Four-Unit Residential
For Sale
$1,099,000
2739 Lincoln St, Hollywood, FL 33020
Four legally permitted apartments with renovation work slated for completion by September 30, 2025.
Property Size2,397 SF
Days on Market60
Property Features for 2739 Lincoln St
General Information
Standard status
Active
Size
2,397 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,268
Building Details
Building Size
2,397 SF
Year Built
1947
Stories
1
Units
4
Listing Agency:
I Kushnir Realty LLC
(954) 367-2363
Listed By:
Israel I Kushnir
(954) 367-2363
Source:
Elliman
Added: Jun 15
Changed: Aug 8
Last Checked: Aug 12 at 6:39AM
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 I Kushnir Realty LLC
Investment Insights
Based on property information with market context.
This is a true legal four-family property featuring three one-bedroom apartments and one two-bedroom apartment. Renovations are being completed by September 30, 2025 with MVA Construction, with work noted as completed with permits and legal. The buyer has the option to choose colors, appliances, and cabinets, allowing for customization within the renovation scope.
The property is located at 2739 Lincoln St in Hollywood, Florida. The public remarks note that 28 Street, Johnson Street, and 95 are nearby, with Hollywood Beach about 10 minutes away and Hollywood Boulevard about 5 minutes away. WalkScore and bikeScore are reported as 90 (Very Walkable) and 73 (Very Bikeable), with a transitScore of 45.
As a residential income offering, the mix of three one-bedroom units and one two-bedroom unit may appeal to operators seeking unit variety within a single fourplex structure. With renovation timelines and permitted work explicitly stated, interested buyers can evaluate the property based on its planned post-renovation condition and the included customization choices described in the remarks.
The property is located at 2739 Lincoln St in Hollywood, Florida. The public remarks note that 28 Street, Johnson Street, and 95 are nearby, with Hollywood Beach about 10 minutes away and Hollywood Boulevard about 5 minutes away. WalkScore and bikeScore are reported as 90 (Very Walkable) and 73 (Very Bikeable), with a transitScore of 45.
As a residential income offering, the mix of three one-bedroom units and one two-bedroom unit may appeal to operators seeking unit variety within a single fourplex structure. With renovation timelines and permitted work explicitly stated, interested buyers can evaluate the property based on its planned post-renovation condition and the included customization choices described in the remarks.
Key Highlights
- Year built: 1947 four‑family property with 3 legal 1‑bedroom apartments plus 1 legal 2‑bedroom apartment
- Renovations completed by September 30, 2025 with MVA Construction and permits
- Buyer can choose colors, appliances, and cabinets
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
$42,948
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
3.91%
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%
$858,960
$859.0K
Cap Rate 7%
$613,543
$613.5K
Cap Rate 9%
$477,200
$477.2K
Market Conditions
NOI Build-Up for 2,397 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
$64.7K $27.00/SF
− Vacancy
−$3.4K −$1.40/SF
EGI
$61.4K $25.60/SF
− OpEx
−$18.4K −$7.68/SF
NOI
$42.9K $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%
$858,960
Cap Rate 7%
$613,543
Cap Rate 9%
$477,200
Alternative Uses
Best Use
Multifamily LT 5
$613.5K
$536.9K – $715.8K
NOI $42,948 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$570.8K
$499.4K – $665.9K
NOI $39,953 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$937.7K
$820.5K – $1.09M
NOI $65,639 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,075
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?
Quadplex - Four legally permitted apartments with renovation work slated for completion by September 30, 2025.
Where is this quadplex located?
The property is located at 2739 Lincoln St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Year built: 1947 four‑family property with 3 legal 1‑bedroom apartments plus 1 legal 2‑bedroom apartment; Renovations completed by September 30, 2025 with MVA Construction and permits; Buyer can choose colors, appliances, and cabinets
