38-Unit Multifamily
1850 Monroe St, Hollywood, FL 33020
For Sale
$21,700,000
Commercial Sale, Hollywood, FL
Property Size60,000 SF
Lot Size0.55 Acres
Price / SF$361.67
Days on Market17
Property Features for 1850 Monroe St
General Information
Property type
Property subtype
Property condition
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
private terraces
in-unit laundry
pool
fitness center
rooftop green space
controlled-access parking
Building Details
Year built
Number of units
Listing Agency:
RE/MAX Advance Realty II · RE/MAX International
(305) 251-2127
Listed By:
Melanie De Armas · License FL #3584305
(305) 310-4562
Added: Oct 30
Changed: Nov 10
Last Checked: Nov 15 at 2:06PM
MLS# A12115511
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.
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Investment Insights
Based on property information with market context.
This 60,000-square-foot multifamily property is under construction on a 0.551-acre site, with a 2025 year built. The offering includes 38 of the building’s 40 residences; units 201 and 307 are separately owned and excluded. Floor plans range from one to three bedrooms, with quartz kitchens, stainless steel appliances, porcelain flooring, in-unit laundry, and private terraces. Shared amenities include a pool, fitness center, rooftop green space, and controlled-access parking.
At 1850 Monroe St in Hollywood, the property is a few blocks from Downtown Hollywood and ArtsPark at Young Circle. Hollywood Beach, the Broadwalk, restaurants, and entertainment are also identified in the surrounding area.
At 1850 Monroe St in Hollywood, the property is a few blocks from Downtown Hollywood and ArtsPark at Young Circle. Hollywood Beach, the Broadwalk, restaurants, and entertainment are also identified in the surrounding area.
Key Highlights
- Offering comprises 38 of 40 residences; units 201 and 307 are excluded
- 60,000 square feet on a 0.551‑acre site
- Under construction; year built listed as 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,000,078
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,001,560
$20.0M
Cap Rate 7%
$14,286,829
$14.3M
Cap Rate 9%
$11,111,978
$11.1M
Market Conditions
NOI Build-Up for 60,000 SF
Gross rent
$1.91M $31.80/SF
− Vacancy
−$89.7K −$1.49/SF
EGI
$1.82M $30.31/SF
− OpEx
−$818.2K −$13.64/SF
NOI
$1.00M $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%
$20,001,560
Cap Rate 7%
$14,286,829
Cap Rate 9%
$11,111,978
Alternative Uses
Best Use
Apartment 5plus
$14.29M
$12.50M – $16.67M
NOI $1,000,078 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.47M
$20.54M – $27.38M
NOI $1,643,040 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
38
Residential units
Location Intelligence
Trade Area within ½ mile
3,497
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 Multifamily properties in Hollywood, FL
Properties on Market for Multifamily properties in Hollywood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residences offer one-, two-, and three-bedroom layouts, each with a private terrace.
Where is this multifamily property located?
The property is located at 1850 Monroe St Hollywood, FL.
What is the asking price?
The asking price for this property is $21,700,000.
What are key features of this property?
This property features: Offering comprises 38 of 40 residences; units 201 and 307 are excluded; 60,000 square feet on a 0.551‑acre site; Under construction; year built listed as 2025
