Five-Unit Multifamily Income
1743 Rodman Street Hollywood, FL 33020
New
For Sale
Contact for pricing
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$500.97
Days on Market6
Property Features for 1743 Rodman Street
General Information
Standard status
Active
Size
2,585 SF
Lot size
0.25 Acres
Property subtype
Multifamily, Hospitality
Building Details
Year Built
1955
Listing Agency:
Media Realty
(954) 923-2325
Listed By:
Peter Dacko · License #0600065
Source:
Crexi
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 27 at 7:55AM
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
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 For Apartment 5plus
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 | $82.2k | $31.80 |
| − Vacancy | −$3.9k | −$1.49 |
| EGI | $78.3k | $30.31 |
| − OpEx | −$35.3k | −$13.64 |
| NOI | $43.1k | $16.67 |
2,585 SF · lease $31.80/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$615.5K
$538.6K – $718.1K
NOI $43,087 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$884.9K – $1.18M
NOI $70,788 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,295,000.
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
