Two-Unit Duplex Income
1508 Garfield Street Hollywood, FL 33020
1508 Garfield Street, Hollywood, FL, 33020
$680,000
For Sale
$680,000
Duplex with two 2-bed, 2-bath units, impact windows, central air, separate electric meters, and a shared water meter.
Property Size1,645 SF
Price / SF$413.37
Days on Market280
Property Features for 1508 Garfield Street
General Information
- Standard status
- Active
- Size
- 1,645 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1955
Listing agency
Florida Realty of Miami Corp
(305) 598-5488
Listed by
Desiree Soto · License #3349040
(305) 598-5488
Source
Compass
Added: Oct 17, 2025 Updated: Jul 20 at 5:44PM Checked: Jul 22 at 11:05AM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This duplex offers two separate 2-bedroom, 2-bath units. Improvements include impact windows, central air in each unit, new kitchens in both units, and a 2023 insurable roof. The property also features backyard door access from both units, and separate electric meters with a shared water meter.
The home is located east of US1 in a corner position of Hollywood Lakes at 1508 Garfield Street, Hollywood, FL 33020. The driveway was newly added in 2023 to accommodate four vehicles, and the layout is described as providing plenty of natural light through the windows. The seller notes annual and short-term rental demand associated with the area.
A 2023 driveway update, backyard access from both units, and independent electric metering support the practical day-to-day operation of each unit as a separate rental space.
The home is located east of US1 in a corner position of Hollywood Lakes at 1508 Garfield Street, Hollywood, FL 33020. The driveway was newly added in 2023 to accommodate four vehicles, and the layout is described as providing plenty of natural light through the windows. The seller notes annual and short-term rental demand associated with the area.
A 2023 driveway update, backyard access from both units, and independent electric metering support the practical day-to-day operation of each unit as a separate rental space.
Key Highlights
- Duplex built in 1955 with 2 units, each offering 2 beds and 2 baths
- Impact windows and central A/C in each unit
- Separate electric meters and shared water meter
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $27.00 |
| − Vacancy | −$2.3k | −$1.40 |
| EGI | $42.1k | $25.60 |
| − OpEx | −$12.6k | −$7.68 |
| NOI | $29.5k | $17.92 |
1,645 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.1K
$368.4K – $491.2K
NOI $29,474 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$391.7K
$342.7K – $457.0K
NOI $27,419 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$643.5K
$563.1K – $750.8K
NOI $45,047 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with two 2-bed, 2-bath units, impact windows, central air, separate electric meters, and a shared water meter.
Where is this duplex located?
The property is located at 1508 Garfield Street Hollywood, FL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Duplex built in 1955 with 2 units, each offering 2 beds and 2 baths; Impact windows and central A/C in each unit; Separate electric meters and shared water meter
