7-Unit Apartment
For Sale
$1,999,900
2300 Douglas Street, Hollywood, FL 33020
Fully occupied mix of one- and two-bedroom units with individual electric metering.
Property Size3,802 SF
Price / SF$526.01
Days on Market901
Property Features for 2300 Douglas Street
General Information
Standard status
Active
Size
3,802 SF
Property subtype
Commercial/Industrial / Fourplex
Occupancy
100%
Financials
Cap Rate
5.63%
Gross Income
$142,200
Opportunity Zone
Yes
Units
Unit Mix
6 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$14,036
Building Details
Year Built
1956
Listing Agency:
Green Lands Realty
(305) 503-4121
Listed By:
Laura Sanchez · License #3200886
(305) 503-4121
Source:
Compass
Added: Mar 14, 2024
Changed: Aug 31
Last Checked: Aug 31 at 2:02AM
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 Green Lands Realty
Investment Insights
Based on property information with market context.
This 7-unit apartment property is occupied at 100% under annual leases and includes a practical unit mix: 6 one-bedroom, one-bath residences and 1 two-bedroom, one-bath residence. Separate electricity meters serve each unit, while residents also pay a monthly water surcharge in addition to rent.
Located at 2300 Douglas St in Hollywood, FL, the property is within an opportunity zone. The asset carries an approximate 5.63% cap rate and offers an established multifamily configuration with clearly defined utility metering and recurring lease terms.
Located at 2300 Douglas St in Hollywood, FL, the property is within an opportunity zone. The asset carries an approximate 5.63% cap rate and offers an established multifamily configuration with clearly defined utility metering and recurring lease terms.
Key Highlights
- 7‑unit multifamily property with 100% occupancy
- Unit mix includes 6 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit
- Annual leases in place across the property
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
$63,372
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
3.17%
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%
$1,267,440
$1.3M
Cap Rate 7%
$905,314
$905.3K
Cap Rate 9%
$704,133
$704.1K
Market Conditions
NOI Build-Up for 3,802 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
$120.9K $31.80/SF
− Vacancy
−$5.7K −$1.49/SF
EGI
$115.2K $30.31/SF
− OpEx
−$51.8K −$13.64/SF
NOI
$63.4K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,267,440
Cap Rate 7%
$905,314
Cap Rate 9%
$704,133
Alternative Uses
Best Use
Apartment 5plus
$905.3K
$792.2K – $1.06M
NOI $63,372 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,114 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,391
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied mix of one- and two-bedroom units with individual electric metering.
Where is this apartment building located?
The property is located at 2300 Douglas Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: 7‑unit multifamily property with 100% occupancy; Unit mix includes 6 one‑bedroom/one‑bath units and 1 two‑bedroom/one‑bath unit; Annual leases in place across the property
