Two-Unit
New
For Sale
$724,900
1405 N 24th Ave, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,859 SF
Price / SF$389.94
Days on Market3
Property Features for 1405 N 24th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
DH-1
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking
6
Subdivision
HOLLYWOOD PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
514209054300
Size
1,859 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD PARK 4-19 B LOT 12 BLK 28
Tax Annual Amount
11396
Legal Description
HOLLYWOOD PARK 4-19 B LOT 12 BLK 28
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1967
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
CBSConcreteBlockStructure, Block
Roof type
Shingle
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Dana Ramires · License #3610905
(754) 275-1392
Added: Oct 7
Changed: Oct 9
Last Checked: Oct 9 at 8:06PM
MLS# A12102556
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,859-square-foot duplex in Hollywood contains two separate residential units. Built in 1967, the property has a concrete-block structure, ceramic tile flooring, central heating and air conditioning, and a shingle roof. Sewer service is provided by a septic tank. The property is not subject to an HOA, according to the listing information.
The address is east of I-95, with Downtown Hollywood, shopping, restaurants, entertainment, major highways, and South Florida beaches described as a short drive away. The site is within the City of Hollywood’s DH-1 zoning district. Redevelopment or rebuilding would be subject to city approval and applicable zoning requirements.
The address is east of I-95, with Downtown Hollywood, shopping, restaurants, entertainment, major highways, and South Florida beaches described as a short drive away. The site is within the City of Hollywood’s DH-1 zoning district. Redevelopment or rebuilding would be subject to city approval and applicable zoning requirements.
Key Highlights
- Two‑unit duplex with 1,859 square feet
- Located in Hollywood’s DH‑1 zoning district; redevelopment requires city approval and applicable zoning compliance
- Built in 1967 with concrete‑block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,308
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,160
$666.2K
Cap Rate 7%
$475,829
$475.8K
Cap Rate 9%
$370,089
$370.1K
Market Conditions
NOI Build-Up for 1,859 SF
Gross rent
$50.2K $27.00/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$47.6K $25.60/SF
− OpEx
−$14.3K −$7.68/SF
NOI
$33.3K $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 Rate 5%
$666,160
Cap Rate 7%
$475,829
Cap Rate 9%
$370,089
Alternative Uses
Best Use
Multifamily LT 5
$475.8K
$416.4K – $555.1K
NOI $33,308 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$442.7K
$387.3K – $516.4K
NOI $30,986 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$727.2K
$636.3K – $848.5K
NOI $50,907 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,230
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - DH-1 zoning identifies the property within Hollywood’s redevelopment district, with any project subject to city approval and applicable requirements.
Where is this duplex located?
The property is located at 1405 N 24th Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,859 square feet; Located in Hollywood’s DH‑1 zoning district; redevelopment requires city approval and applicable zoning compliance; Built in 1967 with concrete‑block construction
