Triplex with Detached
New
For Sale
$750,000
1503 N 20th Avenue, Hollywood, FL 33020
Three-unit property with separate utility metering, central air conditioning, and laundry equipment.
Property Size2,507 SF
Price / SF$362.84
Days on Market5
Property Features for 1503 N 20th Avenue
General Information
Standard status
Active
Size
2,507 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
ND-1
Taxes and HOA fees
Annual Taxes
$10,729
Building Details
Building Size
2,507 SF
Year Built
1955
Stories
1
Listing Agency:
Miami Estate Realty
Listed By:
Richardson Mothersil · License #3335196
(786) 991-8905
Source:
Laerrealty
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 21 at 3:53AM
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
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 = 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
$37,035
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
4.94%
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%
$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
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
$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 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%
$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 4.94%
Second Best
Apartment 5plus
$492.2K
$430.7K – $574.2K
NOI $34,453 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$808.6K
$707.5K – $943.4K
NOI $56,603 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,666
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
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 $750,000.
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
