Duplex Residential Income
For Sale
$525,000
Pending
1826 Mckinley Street, Hollywood, FL 33020
Duplex residential income property offered for sale at 1826 McKinley Street in Hollywood, Florida.
Property Size1,962 SF
Days on Market70
Property Features for 1826 Mckinley Street
General Information
Standard status
Pending
Size
1,962 SF
Property subtype
Duplex
Amenities
Features: Less Than 1/4 Acre Lot
Roof: Barrel Roof, Other
Sewer: Public Sewer
Parcel Number: 514210070300, Tax Exemptions: Tax Reflects Other Tax Exemption, Tax Legal Description: ST JAMES PARK WEST ADD 2-45 B LOT 14 BLK 2, Tax Year: 2025
Flooring: Other, Wood
Cooling: Central Air
Heating: Central
Rent Includes: Other Rent Incl, Standard Status: Pending
Parking Total: 6
Living Area: 1962, Architectural Style: Detached, Construction Materials: CBS Construction, Stories: 1, Year Built: 1950, Year Built Details: Resale, Building Area Total: 2022, Building Name: ST JAMES PARK WEST ADD, Structure Type: Duplex
County Or Parish: Broward County, MLS Area Major: St James Park West Add, Subdivision Name: ST JAMES PARK WEST ADD
Leasable Area Units: Square Feet
Units In Community: 2
Possession: Funding
Building Details
Year Built
1950
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
John Salt · License #3270043
(786) 485-0888
Source:
Riserealty
Added: Jun 30
Changed: Sep 6
Last Checked: Sep 6 at 7:18AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This for-sale duplex residential income property is located at 1826 McKinley Street in Hollywood, Florida 33020. The property is listed with a total size of 1,962 square feet, offering a straightforward multifamily structure within a residential income format.
As presented, the asset is classified as a duplex, which typically supports two separate residential units within one building. Prospective buyers and brokers can review the property details directly to confirm unit layout, condition, and configuration for their specific investment or occupancy plans.
For additional diligence, interested parties should request the full offering materials to verify current details and any unit-specific attributes associated with the 1,962-square-foot duplex.
As presented, the asset is classified as a duplex, which typically supports two separate residential units within one building. Prospective buyers and brokers can review the property details directly to confirm unit layout, condition, and configuration for their specific investment or occupancy plans.
For additional diligence, interested parties should request the full offering materials to verify current details and any unit-specific attributes associated with the 1,962-square-foot duplex.
Key Highlights
- Duplex residential income property for sale at 1826 McKinley Street in Hollywood, Florida
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,154
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,080
$703.1K
Cap Rate 7%
$502,200
$502.2K
Cap Rate 9%
$390,600
$390.6K
Market Conditions
NOI Build-Up for 1,962 SF
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.
Gross rent
$53.0K $27.00/SF
− Vacancy
−$2.8K −$1.40/SF
EGI
$50.2K $25.60/SF
− OpEx
−$15.1K −$7.68/SF
NOI
$35.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,080
Cap Rate 7%
$502,200
Cap Rate 9%
$390,600
Alternative Uses
Best Use
Multifamily LT 5
$502.2K
$439.4K – $585.9K
NOI $35,154 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$467.2K
$408.8K – $545.1K
NOI $32,703 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$767.5K
$671.6K – $895.5K
NOI $53,727 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,323
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex residential income property offered for sale at 1826 McKinley Street in Hollywood, Florida.
Where is this duplex located?
The property is located at 1826 Mckinley Street Hollywood, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex residential income property for sale at 1826 McKinley Street in Hollywood, Florida; Built in 1950
