Remodeled Income
For Sale
$670,000
1629 Mayo Street, Hollywood, FL 33020
Remodeled income property with three independent units, including two main units plus a separate studio.
Property Size1,671 SF
Price / SF$400.96
Days on Market375
Property Features for 1629 Mayo Street
General Information
Standard status
Active
Size
1,671 SF
Property subtype
Residential Income / Duplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,462
Building Details
Year Built
1964
Listing Agency:
Yaffe International Realty
Listed By:
Kenia Paz · License #3413886
(305) 741-0002
Source:
Compass
Added: Oct 13, 2025
Changed: Oct 19
Last Checked: Oct 20 at 11:39PM
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 Yaffe International Realty
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Investment Insights
Based on property information with market context.
This remodeled income property is configured as a duplex-style setup with three independent units, including two main units (a 2/1 and a 1/1) and a separate studio. The main units have been fully updated and feature marble floors, modern appliances, and abundant natural light.
The property is located on Mayo St, approximately two blocks east of Federal Hwy, with access to Downtown and Hollywood Beach within minutes.
The existing multi-unit layout provides multiple rentable spaces under one roof, offering flexibility for investors or owner-occupants who want independent accommodations.
The property is located on Mayo St, approximately two blocks east of Federal Hwy, with access to Downtown and Hollywood Beach within minutes.
The existing multi-unit layout provides multiple rentable spaces under one roof, offering flexibility for investors or owner-occupants who want independent accommodations.
Key Highlights
- Year built: 1964
- Income property with 3 independent units: two main units plus a separate studio
- Unit mix includes a spacious 2/1 and a 1/1, plus an additional separate studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,940
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,800
$598.8K
Cap Rate 7%
$427,714
$427.7K
Cap Rate 9%
$332,667
$332.7K
Market Conditions
NOI Build-Up for 1,671 SF
Gross rent
$45.1K $27.00/SF
− Vacancy
−$2.3K −$1.40/SF
EGI
$42.8K $25.60/SF
− OpEx
−$12.8K −$7.68/SF
NOI
$29.9K $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%
$598,800
Cap Rate 7%
$427,714
Cap Rate 9%
$332,667
Alternative Uses
Best Use
Multifamily LT 5
$427.7K
$374.3K – $499.0K
NOI $29,940 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$397.9K
$348.2K – $464.2K
NOI $27,852 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$653.7K
$572.0K – $762.7K
NOI $45,759 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,534
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Remodeled income property with three independent units, including two main units plus a separate studio.
Where is this triplex located?
The property is located at 1629 Mayo Street Hollywood, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Year built: 1964; Income property with 3 independent units: two main units plus a separate studio; Unit mix includes a spacious 2/1 and a 1/1, plus an additional separate studio
