Quadplex with Flexible Unit
For Sale
$875,000
1922 Jefferson Street, Hollywood, FL 33020
Four-unit residential income property with three-bedroom and one-bedroom layouts in Hollywood.
Property Size2,262 SF
Price / SF$386.83
Days on Market623
Property Features for 1922 Jefferson Street
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
does need some TLC
Units
Unit Mix
1 x 3BR/2BA, 3 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,305
Building Details
Year Built
1959
Listing Agency:
The Keyes Company
(954) 274-1274
Listed By:
Angela Dolce · License #3346434
(954) 274-1274
Source:
Exitrealty
Added: Dec 17, 2024
Changed: Aug 31
Last Checked: Aug 31 at 2:53PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This 1959 quadplex at 1922 Jefferson Street in Hollywood, Florida, contains 2,262 square feet and offers four residential units. The configuration includes one three-bedroom, two-bath unit and three one-bedroom, one-bath units, providing a varied mix within the property.
Three units are vacant, while one is occupied under a month-to-month tenancy. A proposal involving fifth and sixth units is awaiting approval from the City of Hollywood; any broader expansion concept remains subject to architectural design and municipal approval.
Three units are vacant, while one is occupied under a month-to-month tenancy. A proposal involving fifth and sixth units is awaiting approval from the City of Hollywood; any broader expansion concept remains subject to architectural design and municipal approval.
Key Highlights
- Four‑unit quadplex with 2,262 square feet
- Unit mix includes one 3‑bedroom, 2‑bath unit and three 1‑bedroom, 1‑bath units
- Built in 1959
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
$40,529
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
4.63%
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%
$810,580
$810.6K
Cap Rate 7%
$578,986
$579.0K
Cap Rate 9%
$450,322
$450.3K
Market Conditions
NOI Build-Up for 2,262 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
$61.1K $27.00/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$57.9K $25.60/SF
− OpEx
−$17.4K −$7.68/SF
NOI
$40.5K $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%
$810,580
Cap Rate 7%
$578,986
Cap Rate 9%
$450,322
Alternative Uses
Best Use
Multifamily LT 5
$579.0K
$506.6K – $675.5K
NOI $40,529 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$538.6K
$471.3K – $628.4K
NOI $37,703 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$884.9K
$774.3K – $1.03M
NOI $61,943 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,497
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?
Quadplex - Four-unit residential income property with three-bedroom and one-bedroom layouts in Hollywood.
Where is this quadplex located?
The property is located at 1922 Jefferson Street Hollywood, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,262 square feet; Unit mix includes one 3‑bedroom, 2‑bath unit and three 1‑bedroom, 1‑bath units; Built in 1959
