Five-Unit Multifamily Income
1743 Rodman St, Hollywood, FL 33020
For Sale
$1,265,000
Five-unit residential income building on a 10,836-square-foot parcel with studio, room, and two-bedroom two-bath layouts.
Property Size2,585 SF
Lot Size0.25 Acres
Price / SF$489.36
Days on Market107
Property Features for 1743 Rodman St
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Media Realty
Listed By:
Peter Dacko III · License #0600065
(954) 232-7714
Source:
Chenoregroup
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 7 at 12:56PM
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 Media Realty
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Investment Insights
Based on property information with market context.
1743 Rodman Street is a five-unit residential income property on an approximately 10,836-square-foot parcel. The building area is approximately 2,585 square feet and features a distinctive unit mix, including two studio apartments, two individual room units, and a two-bedroom, two-bath residence. This configuration provides flexibility for how the units are leased and operated, including the potential for the larger residence to be occupied by an owner, an on-site manager, or a traditional tenant.
The property is located in Hollywood, Florida, east of Federal Highway, with convenient proximity to Downtown Hollywood and Hollywood Beach. Connectivity throughout the South Florida region is supported by Federal Highway, Hollywood Boulevard, Sheridan Street, Interstate 95, and the Florida Turnpike. The surrounding market includes access to restaurants, retail, entertainment, public transportation, medical services, and employment centers across Broward and Miami-Dade counties.
The relatively low building-to-land ratio may offer flexibility for parking, landscaping, outdoor amenities, building expansion, or redevelopment, subject to zoning, density, parking, building-code, licensing, and other governmental requirements. Prospective purchasers should conduct due diligence on current rents, market rents, expenses, licenses, permits, and the legal status of each unit.
The property is located in Hollywood, Florida, east of Federal Highway, with convenient proximity to Downtown Hollywood and Hollywood Beach. Connectivity throughout the South Florida region is supported by Federal Highway, Hollywood Boulevard, Sheridan Street, Interstate 95, and the Florida Turnpike. The surrounding market includes access to restaurants, retail, entertainment, public transportation, medical services, and employment centers across Broward and Miami-Dade counties.
The relatively low building-to-land ratio may offer flexibility for parking, landscaping, outdoor amenities, building expansion, or redevelopment, subject to zoning, density, parking, building-code, licensing, and other governmental requirements. Prospective purchasers should conduct due diligence on current rents, market rents, expenses, licenses, permits, and the legal status of each unit.
Key Highlights
- Five‑unit residential income property built in 1955, totaling approx. 2,585 SF of building area
- Unit mix includes two studio apartments, two individual room units, and a 2‑bedroom, 2‑bath residence
- Approx. 10,836‑square‑foot parcel located in East Hollywood, east of Federal Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,087
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,740
$861.7K
Cap Rate 7%
$615,529
$615.5K
Cap Rate 9%
$478,744
$478.7K
Market Conditions
NOI Build-Up for 2,585 SF
Gross rent
$82.2K $31.80/SF
− Vacancy
−$3.9K −$1.49/SF
EGI
$78.3K $30.31/SF
− OpEx
−$35.3K −$13.64/SF
NOI
$43.1K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,740
Cap Rate 7%
$615,529
Cap Rate 9%
$478,744
Alternative Uses
Best Use
Apartment 5plus
$615.5K
$538.6K – $718.1K
NOI $43,087 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$884.9K – $1.18M
NOI $70,788 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,714
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 Apartment buildings in Hollywood, FL
Properties on Market for Apartment buildings in Hollywood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit residential income building on a 10,836-square-foot parcel with studio, room, and two-bedroom two-bath layouts.
Where is this apartment building located?
The property is located at 1743 Rodman St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: Five‑unit residential income property built in 1955, totaling approx. 2,585 SF of building area; Unit mix includes two studio apartments, two individual room units, and a 2‑bedroom, 2‑bath residence; Approx. 10,836‑square‑foot parcel located in East Hollywood, east of Federal Highway
