Fourplex with Proposed Sixth
For Sale
$875,000
1922 Jefferson Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size2,262 SF
Price / SF$386.83
Days on Market854
Property Features for 1922 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RMCRA-12
Bedrooms
6
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3
Subdivision
Hollywood 1-21 B
Directions
I-95 South to Hollywood Blvd west, make right on South 19th Ave and the property is on the left side.
Standard status
Active
APN
514215016160
Size
2,262 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD 1-21 B LOT 20,21 BLK 31
Tax Annual Amount
12305
Legal Description
HOLLYWOOD 1-21 B LOT 20,21 BLK 31
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Building Details
Year built
1959
Floors in Building
1
Number of units
4
Flooring type
Wood, Tile
Building materials
Stucco
Roof type
Composition, Flat, Shingle, Tile
Listing Agency:
The Keyes Company
(954) 475-9813
Listed By:
Angela Dolce · License #3346434
(954) 274-1274
Added: Apr 18, 2024
Changed: Aug 19
Last Checked: Aug 19 at 8:06PM
MLS# F10435082
Copyright © 2026 BeachesMLS. 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.
Fourplex property at 1922 Jefferson Street in Hollywood, FL, built in 1959. The current configuration is a fourplex with three 1-bedroom, 1-bath units and one unit with 3 bedrooms and 2 bathrooms. The property has a stucco exterior and features tile and wood flooring, with central heating and multiple cooling systems including central air, window unit(s), and wall/window unit(s). Roofing includes flat, shingle, composition, and tile materials, and service is provided by public sewer.
The property requires some TLC to maximize its rental potential. At the time of listing, all units are vacant except one unit that is currently month-to-month. In addition, the fifth and sixth units are awaiting approval from the City of Hollywood for an intended expansion to a 6 to 12 unit property depending on architectural design.
The property requires some TLC to maximize its rental potential. At the time of listing, all units are vacant except one unit that is currently month-to-month. In addition, the fifth and sixth units are awaiting approval from the City of Hollywood for an intended expansion to a 6 to 12 unit property depending on architectural design.
Key Highlights
- Zoned RMCRA‑12 for multifamily development
- Current fourplex layout: one 3 bed/2 bath plus three 1 bed/1 bath units
- All units vacant except one month‑to‑month unit
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
$40,529
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
4.63%
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%
$810,580
$810.6K
Cap Rate 7%
$578,986
$579.0K
Cap Rate 9%
$450,322
$450.3K
Market Conditions
NOI Build-Up for 2,262 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
$61.1K $27.00/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$57.9K $25.60/SF
− OpEx
−$17.4K −$7.68/SF
NOI
$40.5K $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%
$810,580
Cap Rate 7%
$578,986
Cap Rate 9%
$450,322
Alternative Uses
Best Use
Multifamily LT 5
$579.0K
$506.6K – $675.5K
NOI $40,529 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$538.6K
$471.3K – $628.4K
NOI $37,703 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$884.9K
$774.3K – $1.03M
NOI $61,943 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in need of TLC with all units vacant except one month-to-month unit, zoned RMCRA-12.
Where is this quadplex located?
The property is located at 1922 Jefferson Street Hollywood, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Zoned RMCRA‑12 for multifamily development; Current fourplex layout: one 3 bed/2 bath plus three 1 bed/1 bath units; All units vacant except one month‑to‑month unit
