Duplex with Commercial
For Sale
$525,000
Pending
1826 Mckinley Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,962 SF
Days on Market42
Property Features for 1826 Mckinley Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
FH-2, (5 Stories)
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking
6
Subdivision
ST JAMES PARK WEST ADD
Lot features
< 1/4 Acre
Directions
Please use Google Maps.
Standard status
Pending
APN
514210070300
Size
1,962 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ST JAMES PARK WEST ADD 2-45 B LOT 14 BLK 2
Legal Description
ST JAMES PARK WEST ADD 2-45 B LOT 14 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
back patio
side patio
Building Details
Year built
1950
Floors in Building
1
Flooring type
Wood, Hardwood
Building materials
Block
Roof type
Barrel
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
John Salt · License #3270043
(786) 485-0888
Added: Jul 18
Changed: Aug 26
Last Checked: Aug 28 at 8:06AM
MLS# A12045748
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1962 square feet with four bedrooms, a dedicated office, two kitchens, two bathrooms, and a 2-car garage. The interior includes hardwood flooring, high ceilings, large windows, central air, an updated electric panel, and all-copper plumbing supply lines. Both kitchens were renovated, and the main bathroom was updated in 2019; central AC was installed in 2015. A broad driveway, back patio, and side patio add functional outdoor space, while public sewer and cable availability serve the property.
The property is located at 1826 McKinley Street in Hollywood, near US-1 and within East Hollywood. FH-2 zoning is identified as high-density mixed-use/commercial zoning with 5+ stories. The site is outside a flood zone and has no HOA or restrictions. Hollywood Downtown and Young Circle are 5 Mins away, Fort Lauderdale International Airport is 6 Mins away, and Hollywood Beach is 9 Mins away.
The property is located at 1826 McKinley Street in Hollywood, near US-1 and within East Hollywood. FH-2 zoning is identified as high-density mixed-use/commercial zoning with 5+ stories. The site is outside a flood zone and has no HOA or restrictions. Hollywood Downtown and Young Circle are 5 Mins away, Fort Lauderdale International Airport is 6 Mins away, and Hollywood Beach is 9 Mins away.
Key Highlights
- 1962 square feet with four bedrooms, an office, two bathrooms, and a 2‑car garage
- FH‑2 high‑density mixed‑use/commercial zoning with 5+ stories identified
- Both kitchens renovated; main bathroom updated in 2019
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
Lease Details
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-unit layout with dual kitchens, an office, substantial parking, and FH-2 zoning in East Hollywood.
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: 1962 square feet with four bedrooms, an office, two bathrooms, and a 2‑car garage; FH‑2 high‑density mixed‑use/commercial zoning with 5+ stories identified; Both kitchens renovated; main bathroom updated in 2019
