Renovated Courtyard
For Sale
$975,000
1925 Dewey Street, Hollywood, FL 33020
Legal fourplex with fully renovated courtyard layout, separate electric meters, and private parking plus on-site laundry.
Property Size3,603 SF
Lot Size0.25 Acres
Price / SF$270.61
Days on Market62
Property Features for 1925 Dewey Street
General Information
Standard status
Active
Size
3,603 SF
Total Parking Spaces
4
Lot size
0.25 Acres
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1954
Listing Agency:
Sell It Realty, LLC.
(754) 702-7234
Listed By:
Adi Gal · License #3230219
(754) 702-7234
Source:
Lehmannflorida
Added: Jun 28
Changed: Aug 25
Last Checked: Aug 26 at 8:27AM
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 Sell It Realty, LLC.
Investment Insights
Based on property information with market context.
This legal fourplex offers a courtyard-style layout and a configuration of two separate buildings, each with two spacious 1-bedroom, 1-bathroom units, for four units total. The property is fully renovated and currently fully occupied. A practical benefit is that each unit has its own individual electric meter. The site is set on an oversized 10,840 square-foot double lot, providing additional outdoor space for day-to-day use and future flexibility.
Located in East Hollywood, Florida, the property is described as being just minutes from Young Circle, downtown/Main Street, top local restaurants, Hollywood Beach, and the Hollywood Beach Broadwalk.
For buyers seeking a residential income property, the current setup supports straightforward operations with four distinct 1/1 units and utility separation. Tenant amenities include 4+ private parking spaces, an on-site laundry room, and a private pool. With the property already renovated and fully occupied, it may appeal to investors and owner-operators looking for a turn-key multifamily asset built around resident convenience and manageable unit configuration.
Located in East Hollywood, Florida, the property is described as being just minutes from Young Circle, downtown/Main Street, top local restaurants, Hollywood Beach, and the Hollywood Beach Broadwalk.
For buyers seeking a residential income property, the current setup supports straightforward operations with four distinct 1/1 units and utility separation. Tenant amenities include 4+ private parking spaces, an on-site laundry room, and a private pool. With the property already renovated and fully occupied, it may appeal to investors and owner-operators looking for a turn-key multifamily asset built around resident convenience and manageable unit configuration.
Key Highlights
- Legal fourplex built in 1954 with two separate buildings and four total units
- Each building offers two spacious 1‑bedroom, 1‑bath units for a 1BD/1BA unit mix
- Individual electric meters for each 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
$64,556
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
6.62%
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%
$1,291,120
$1.3M
Cap Rate 7%
$922,229
$922.2K
Cap Rate 9%
$717,289
$717.3K
Market Conditions
NOI Build-Up for 3,603 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
$97.3K $27.00/SF
− Vacancy
−$5.1K −$1.40/SF
EGI
$92.2K $25.60/SF
− OpEx
−$27.7K −$7.68/SF
NOI
$64.6K $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%
$1,291,120
Cap Rate 7%
$922,229
Cap Rate 9%
$717,289
Alternative Uses
Best Use
Multifamily LT 5
$922.2K
$807.0K – $1.08M
NOI $64,556 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$857.9K
$750.7K – $1.00M
NOI $60,055 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,665 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,465
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 - Legal fourplex with fully renovated courtyard layout, separate electric meters, and private parking plus on-site laundry.
Where is this quadplex located?
The property is located at 1925 Dewey Street Hollywood, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Legal fourplex built in 1954 with two separate buildings and four total units; Each building offers two spacious 1‑bedroom, 1‑bath units for a 1BD/1BA unit mix; Individual electric meters for each unit
