Duplex With Impact
For Sale
Contact for pricing
1928 Adams Street, Hollywood, FL 33020
Two 2-bedroom, 1-bath units with impact windows, newer mechanicals, and shared yard laundry connections.
Property Size1,755 SF
Price / SF$321.94
Days on Market216
Property Features for 1928 Adams Street
General Information
Standard status
Active
Size
1,755 SF
Total Parking Spaces
4
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1951
Tenancy
Multi
Listing Agency:
Skye Louis Realty Inc
(954) 461-8572
Listed By:
lauren Laski · License #3398531
Source:
Crexi
Added: Jan 3
Changed: Jul 10
Last Checked: Aug 5 at 6:16AM
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 Skye Louis Realty Inc
Investment Insights
Based on property information with market context.
This duplex offers two separate 2-bedroom, 1-bath units. The front unit features laminate flooring throughout, while the back unit has tile flooring throughout. Updates include impact windows and doors throughout, newer appliances, one year-old air conditioning, and newer gas water heaters in both units. Washer and dryer connections are located in the yard, supporting convenient on-site laundry setups.
The property is located about 6/10 of a mile from Downtown Hollywood and Young Circle Park, and approximately 1 mile to the beach. Off-street parking is provided with four parking spots located in the back alley, and the property line extends to the street.
The layout can fit a range of uses, including a primary residence with a second unit, a long-term rental setup, or a short-term rental strategy as described in the remarks. With separate unit configurations and practical in-home mechanical upgrades, the building supports buyers and operators seeking a manageable duplex with straightforward maintenance considerations and flexible living arrangements.
The property is located about 6/10 of a mile from Downtown Hollywood and Young Circle Park, and approximately 1 mile to the beach. Off-street parking is provided with four parking spots located in the back alley, and the property line extends to the street.
The layout can fit a range of uses, including a primary residence with a second unit, a long-term rental setup, or a short-term rental strategy as described in the remarks. With separate unit configurations and practical in-home mechanical upgrades, the building supports buyers and operators seeking a manageable duplex with straightforward maintenance considerations and flexible living arrangements.
Key Highlights
- Built in 1951: a duplex with two 2‑bedroom, 1‑bath units
- Impact windows and doors throughout
- Newer appliances plus one‑year‑old A/C and newer gas water heaters in both units
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
$31,445
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
5.57%
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%
$628,900
$628.9K
Cap Rate 7%
$449,214
$449.2K
Cap Rate 9%
$349,389
$349.4K
Market Conditions
NOI Build-Up for 1,755 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
$47.4K $27.00/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$44.9K $25.60/SF
− OpEx
−$13.5K −$7.68/SF
NOI
$31.4K $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%
$628,900
Cap Rate 7%
$449,214
Cap Rate 9%
$349,389
Alternative Uses
Best Use
Multifamily LT 5
$449.2K
$393.1K – $524.1K
NOI $31,445 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$686.6K
$600.7K – $801.0K
NOI $48,059 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
602
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?
Duplex - Two 2-bedroom, 1-bath units with impact windows, newer mechanicals, and shared yard laundry connections.
Where is this duplex located?
The property is located at 1928 Adams Street Hollywood, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Built in 1951: a duplex with two 2‑bedroom, 1‑bath units; Impact windows and doors throughout; Newer appliances plus one‑year‑old A/C and newer gas water heaters in both units
