Duplex With Separate
New
For Sale
$649,000
1916 - 1918 Grant Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size2,975 SF
Price / SF$218.15
Days on Market5
Property Features for 1916 - 1918 Grant Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
ND-1
Bedrooms
7
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 3
Parking
5
Subdivision
NORTH HOLLYWOOD
Lot features
< 1/4 Acre
Directions
GPS
Standard status
Active
APN
514203105320
Size
2,975 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
NORTH HOLLYWOOD 4-1 B LOT 13 BLK 40
Tax Annual Amount
19160
Legal Description
NORTH HOLLYWOOD 4-1 B LOT 13 BLK 40
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric
Building Details
Year built
1986
Floors in Building
1
Flooring type
Tile - Ceramic, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
The Keyes Company
(786) 290-4369
Listed By:
Jacqueline Jordan · License #3163797
(305) 753-3503
Added: Sep 23
Last Checked: Sep 27 at 1:06PM
MLS# A12093599
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 approximately 2,975 square feet across two residences: a front three-bedroom, two-bath unit and a rear four-bedroom, two-bath unit. Each residence includes its own air-conditioning system and laundry area. The building was constructed in 1986 with block construction, ceramic tile flooring, electric heating, and a shingle roof replaced in 2024.
Two separate electric meters support independent utility service for the residences. Public sewer serves the property, and current tenancies will remain in place after closing. The interiors require renovation, providing an opportunity to update the existing units while retaining their established residential configuration. Showings are available by appointment, and occupants should not be disturbed.
Two separate electric meters support independent utility service for the residences. Public sewer serves the property, and current tenancies will remain in place after closing. The interiors require renovation, providing an opportunity to update the existing units while retaining their established residential configuration. Showings are available by appointment, and occupants should not be disturbed.
Key Highlights
- Approximately 2,975 square feet configured as a duplex
- Front unit includes 3 bedrooms and 2 baths; rear unit includes 4 bedrooms and 2 baths
- New shingle roof installed in 2024
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
$53,304
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
8.21%
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%
$1,066,080
$1.1M
Cap Rate 7%
$761,486
$761.5K
Cap Rate 9%
$592,267
$592.3K
Market Conditions
NOI Build-Up for 2,975 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
$80.3K $27.00/SF
− Vacancy
−$4.2K −$1.40/SF
EGI
$76.1K $25.60/SF
− OpEx
−$22.8K −$7.68/SF
NOI
$53.3K $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 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%
$1,066,080
Cap Rate 7%
$761,486
Cap Rate 9%
$592,267
Alternative Uses
Best Use
Multifamily LT 5
$761.5K
$666.3K – $888.4K
NOI $53,304 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$708.4K
$619.8K – $826.5K
NOI $49,587 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,467 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate HVAC and laundry areas, with occupants remaining after closing.
Where is this duplex located?
The property is located at 1916 - 1918 Grant Street Hollywood, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Approximately 2,975 square feet configured as a duplex; Front unit includes 3 bedrooms and 2 baths; rear unit includes 4 bedrooms and 2 baths; New shingle roof installed in 2024
