Hollywood Garden-Style Apartment
For Sale
$1,350,000
1842 Madison Street, Hollywood, FL 33020
Recently renovated 4-unit property in prime Hollywood location.
Property Size4,001 SF
Price / SF$337.42
Days on Market488
Property Features for 1842 Madison Street
General Information
Standard status
Active
Size
4,001 SF
Property subtype
Residential Income / Fourplex
Taxes and HOA fees
Annual Taxes
$15,413
Amenities
Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Central, Separate Meters, Window/Wall
1.0
Tile, Vinyl
1
4
CBS
Separate Meters, Central, Window/Wall
Shingle
No
Multi Family
Building Details
Year Built
1951
Listing Agency:
Jade International Realty LLC
Listed By:
Carla Martinez · License #3280226
(786) 999-9692
Source:
Compass
Added: May 9, 2025
Changed: Sep 8
Last Checked: Jul 16 at 7:29AM
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 Jade International Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained, recently renovated 4-unit apartment building is located in a prime Hollywood location, within walking distance of Young Circle. The property is fully occupied with quality tenants. Each spacious unit includes newer appliances, updated A/C units, and in-unit washer/dryers. The roof was replaced in 2019. The property is zoned for up to 20 units, presenting a development opportunity.
Key Highlights
- Prime Hollywood location within walking distance of Young Circle.
- Strong rental income with potential for long‑term appreciation.
- Zoned for up to 20 units, offering a prime development opportunity.
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
$71,687
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
5.31%
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%
$1,433,740
$1.4M
Cap Rate 7%
$1,024,100
$1.0M
Cap Rate 9%
$796,522
$796.5K
Market Conditions
NOI Build-Up for 4,001 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
$108.0K $27.00/SF
− Vacancy
−$5.6K −$1.40/SF
EGI
$102.4K $25.60/SF
− OpEx
−$30.7K −$7.68/SF
NOI
$71.7K $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%
$1,433,740
Cap Rate 7%
$1,024,100
Cap Rate 9%
$796,522
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$896.1K – $1.19M
NOI $71,687 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$952.7K
$833.6K – $1.11M
NOI $66,689 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,563 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,497
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?
Quadplex - Recently renovated 4-unit property in prime Hollywood location.
Where is this quadplex located?
The property is located at 1842 Madison Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime Hollywood location within walking distance of Young Circle.; Strong rental income with potential for long‑term appreciation.; Zoned for up to 20 units, offering a prime development opportunity.
