Triplex with Detached
1503 N 20th Avenue, Hollywood, FL 33020
For Sale
$699,000
Pending
Three-unit property with separate utility metering, central air conditioning, and laundry equipment.
Property Size2,507 SF
Days on Market54
Property Features for 1503 N 20th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Miami Estate Realty
Listed By:
Richardson Mothersil · License FL #3335196
(786) 991-8905
Source:
Laerrealty
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 8 at 3:03AM
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 Miami Estate Realty
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Investment Insights
Based on property information with market context.
This 2,067-square-foot triplex includes two larger 2 Bed/2 Bath units and a detached 1 Bed/1 Bath residence. The primary units feature walk-in closets, separate electric and water meters, washer and dryer equipment, and central AC. The detached residence has its own entrance and a private backyard, creating a distinct layout within the property. Built in 1955 and zoned ND-1, the asset is located at 1503 N 20th Avenue in Hollywood, Florida. Its East Hollywood setting places the property near major roadways, shopping centers, restaurants, and public transportation. The three-unit configuration and separately metered utilities provide clear physical distinctions among the residences.
Key Highlights
- Three‑unit property totaling 2067 square feet
- Two 2 Bed/2 Bath units with walk‑in closets
- Detached 1 Bed/1 Bath unit with private entrance and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,035
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,700
$740.7K
Cap Rate 7%
$529,071
$529.1K
Cap Rate 9%
$411,500
$411.5K
Market Conditions
NOI Build-Up for 2,067 SF
Gross rent
$55.8K $27.00/SF
− Vacancy
−$2.9K −$1.40/SF
EGI
$52.9K $25.60/SF
− OpEx
−$15.9K −$7.68/SF
NOI
$37.0K $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%
$740,700
Cap Rate 7%
$529,071
Cap Rate 9%
$411,500
Alternative Uses
Best Use
Multifamily LT 5
$529.1K
$462.9K – $617.3K
NOI $37,035 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$492.2K
$430.7K – $574.2K
NOI $34,453 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$808.6K
$707.5K – $943.4K
NOI $56,603 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
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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
$306,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Hollywood, FL
Properties on Market for Triplexes in Hollywood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with separate utility metering, central air conditioning, and laundry equipment.
Where is this triplex located?
The property is located at 1503 N 20th Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑unit property totaling 2067 square feet; Two 2 Bed/2 Bath units with walk‑in closets; Detached 1 Bed/1 Bath unit with private entrance and backyard
