4-Unit Multifamily
1859 Lincoln St, Hollywood, FL 33020
For Sale
$1,399,000
Each residence has two bedrooms, two bathrooms, and its own electric meter.
Property Size3,869 SF
Price / SF$361.59
Days on Market18
Property Features for 1859 Lincoln St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Concrete,Tile
true
2
< 1/4 Acre
Public
8
false
3869
Building Details
Building Size
Year Built
Stories
Listing Agency:
(786) 648-8799
Listed By:
Isabella Quinones
Source:
Iqrealestatellc
Added: Oct 21
Changed: Oct 31
Last Checked: Nov 7 at 8:19AM
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 Isabella Quinones
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Investment Insights
Based on property information with market context.
This Hollywood quadplex contains four two-bedroom, two-bath residences within 3,869 square feet. Improvements include a new roof, central air conditioning, impact-rated windows and doors, PVC plumbing, updated kitchen cabinetry, and renovated bathrooms. Each unit has a separate electric meter; water service is measured through a single meter for the property. The building dates to 1969 and is zoned ND-2.
The property is at 1859 Lincoln Street, with Downtown Hollywood, the beach, major roadways, shopping, dining, and employment centers identified as nearby destinations. Existing floor plans may allow reconfiguration to three-bedroom, two-bath layouts, as described in the property information.
The property is at 1859 Lincoln Street, with Downtown Hollywood, the beach, major roadways, shopping, dining, and employment centers identified as nearby destinations. Existing floor plans may allow reconfiguration to three-bedroom, two-bath layouts, as described in the property information.
Key Highlights
- Four residential units, each with 2 bedrooms and 2 bathrooms
- 3,869 SF building area
- ND‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,322
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,440
$1.4M
Cap Rate 7%
$990,314
$990.3K
Cap Rate 9%
$770,244
$770.2K
Market Conditions
NOI Build-Up for 3,869 SF
Gross rent
$104.5K $27.00/SF
− Vacancy
−$5.4K −$1.40/SF
EGI
$99.0K $25.60/SF
− OpEx
−$29.7K −$7.68/SF
NOI
$69.3K $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 Rate 5%
$1,386,440
Cap Rate 7%
$990,314
Cap Rate 9%
$770,244
Alternative Uses
Best Use
Multifamily LT 5
$990.3K
$866.5K – $1.16M
NOI $69,322 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$921.3K
$806.1K – $1.07M
NOI $64,488 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,949 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,411
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
$306,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Hollywood, FL
Properties on Market for Quadplexes in Hollywood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, two bathrooms, and its own electric meter.
Where is this quadplex located?
The property is located at 1859 Lincoln St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 2 bathrooms; 3,869 SF building area; ND‑2 zoning
