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 Market107
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.
Listed By:
Adi Gal · License #A12066869
(754) 702-7234
Source:
Lehmannflorida
Added: Jun 28
Changed: Oct 11
Last Checked: Oct 11 at 7:38AM
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 / Yr
$64,556
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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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?
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
