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Building Details

Year Built 1974

Listing Agency: One Sotheby's International Realty

Listed By: Graziela Machado · License #3106227 Show Phone

Source: Onesothebysrealty

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:06AM

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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 One Sotheby's International Realty

Investment Insights

Based on property information with market context.

This 1,696-square-foot quadplex contains four independent units, each equipped with split A/C. A shared laundry room serves the property, and four parking spaces are provided. Two of the rear residences have fenced patios. The building dates to 1974 and is located in an FH-2 zoning district and an Opportunity Zone.

Two units have been renovated and are occupied by long-term tenants; work is underway on the other two. Hollywood Beach is five minutes away, while Downtown Hollywood is two minutes away.

Key Highlights

• Four independent units in a 1,696‑square‑foot quadplex
• Built in 1974; located in an FH‑2 zoning district and an Opportunity Zone
• Split A/C in each unit, plus a shared laundry room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,388

Cap Rate

3.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$607,760 $607.8K

Cap Rate 7%

$434,114 $434.1K

Cap Rate 9%

$337,644 $337.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,696 SF

Gross rent

$45.8K $27.00/SF

− Vacancy

−$2.4K −$1.40/SF

EGI

$43.4K $25.60/SF

− OpEx

−$13.0K −$7.68/SF

NOI

$30.4K $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%

$607,760

Cap Rate 7%

$434,114

Cap Rate 9%

$337,644

Alternative Uses

Best Use

Multifamily LT 5

$434.1K

$379.9K – $506.5K (±1% cap)

NOI $30,388 @ 7.0% cap · market cap 3.41%

Second Best

Apartment 5plus

$403.8K

$353.4K – $471.2K (±1% cap)

NOI $28,269 @ 7.0% cap · market cap 3.18%

Theoretical Best

Office A

$663.5K

$580.5K – $774.1K (±1% cap)

NOI $46,443 @ 7.0% cap · market cap 5.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Fish Market Veterinary Clinic Clothing & Fashion Store Farmer's Market Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

3,163

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Separate residences share laundry facilities and on-site parking within an FH-2 zoning district.

Where is this quadplex located?

The property is located at 1737 Dewey Street Hollywood, FL.

What is the asking price?

The asking price for this property is $890,000.

What are key features of this property?

This property features: Four independent units in a 1,696‑square‑foot quadplex; Built in 1974; located in an FH‑2 zoning district and an Opportunity Zone; Split A/C in each unit, plus a shared laundry room