ND-3 Quadplex
For Sale
$625,000
1913 Taylor Street, Hollywood, FL 33020
Four-unit residential configuration with varied unit types and an active municipal Certificate of Use Violation.
Property Size2,670 SF
Price / SF$234.08
Days on Market10
Property Features for 1913 Taylor Street
General Information
Standard status
Active
Size
2,670 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
ND-3
Taxes and HOA fees
Annual Taxes
$11,402
Building Details
Building Size
2,670 SF
Year Built
1951
Stories
1
Listing Agency:
Compass Florida, LLC
(954) 647-2900
Listed By:
Andrew D Dittoe · License #3369646
(954) 647-2900
Source:
Laerrealty
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 12 at 3:30AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This 1951 residential property contains 2,670 square feet of living space and is currently arranged as four units: one 3/1, one 1/1, and two studios. The property has two electric meters plus a house meter, supporting its existing multi-unit configuration. Zoning is ND-3.
The property is located at 1913 Taylor Street in Hollywood, Florida, near Young Circle and approximately 2.5 miles from the beach. A Certificate of Use Violation from the City remains in place; the buyer will assume responsibility for working with the City to resolve it. The existing layout is also described as convertible to a duplex arrangement consisting of a 4/2 and a 2/2.
The property is located at 1913 Taylor Street in Hollywood, Florida, near Young Circle and approximately 2.5 miles from the beach. A Certificate of Use Violation from the City remains in place; the buyer will assume responsibility for working with the City to resolve it. The existing layout is also described as convertible to a duplex arrangement consisting of a 4/2 and a 2/2.
Key Highlights
- 2,670 SF of living space
- Current quadplex layout: 3/1, 1/1, and two studios
- ND‑3 zoning
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
$47,839
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
7.65%
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%
$956,780
$956.8K
Cap Rate 7%
$683,414
$683.4K
Cap Rate 9%
$531,544
$531.5K
Market Conditions
NOI Build-Up for 2,670 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
$72.1K $27.00/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$68.3K $25.60/SF
− OpEx
−$20.5K −$7.68/SF
NOI
$47.8K $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%
$956,780
Cap Rate 7%
$683,414
Cap Rate 9%
$531,544
Alternative Uses
Best Use
Multifamily LT 5
$683.4K
$598.0K – $797.3K
NOI $47,839 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$635.8K
$556.3K – $741.7K
NOI $44,503 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,115 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,566
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?
Quadplex - Four-unit residential configuration with varied unit types and an active municipal Certificate of Use Violation.
Where is this quadplex located?
The property is located at 1913 Taylor Street Hollywood, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,670 SF of living space; Current quadplex layout: 3/1, 1/1, and two studios; ND‑3 zoning
