Updated Duplex Near Hollywood
For Sale
$550,000
1928 Adams Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,755 SF
Price / SF$313.39
Days on Market291
Property Features for 1928 Adams Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMCRA-12
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Pets allowed
No, Yes
Subdivision
Hollywood 1-21 B
Elementary school
Hollywood Central
Middle school
Olsen
High school
South Broward
Directions
From 95. take Hollywood Blvd east to s26th, van buren, right on Dixie, left on monroe, r on s 20th ave, left on Adams and property will be on the right
Standard status
Active
APN
514215016390
Size
1,755 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HOLLYWOOD 1-21 B LOT 23 BLK 32
Tax Annual Amount
7709
Legal Description
HOLLYWOOD 1-21 B LOT 23 BLK 32
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
VantaSure Realty LLC
(954) 461-5734
Listed By:
Lauren Laski · License #3398531
(954) 461-8572
Added: Dec 5, 2025
Changed: Sep 17
Last Checked: Sep 22 at 3:06AM
MLS# F10539787
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.
This duplex contains two 2-bedroom, 1-bath units within a 1,755-square-foot block building constructed in 1951. The front residence has laminate flooring, while the rear unit features tile floors. Both units include washers and dryers, newer appliances, impact-rated windows and doors, and one-year-old air-conditioning systems. Gas water heaters have been updated in each residence, and the electrical wiring has also been improved.
The property is zoned RMCRA-12 and includes four private parking spaces accessed from the rear alley. Public water and public sewer serve the building, with central heating and central air. Its Hollywood setting places the duplex near Hollywood Boulevard, Young Circle, and the Hollywood Broadwalk. The layout supports primary-residence use, investment ownership, and short-term rental options as described in the property information.
The property is zoned RMCRA-12 and includes four private parking spaces accessed from the rear alley. Public water and public sewer serve the building, with central heating and central air. Its Hollywood setting places the duplex near Hollywood Boulevard, Young Circle, and the Hollywood Broadwalk. The layout supports primary-residence use, investment ownership, and short-term rental options as described in the property information.
Key Highlights
- Two 2‑bedroom, 1‑bath units totaling 1,755 square feet
- Four private parking spaces located behind the building
- Impact windows and doors installed throughout
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
5.72%
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 5.72%
Second Best
Apartment 5plus
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$686.6K
$600.7K – $801.0K
NOI $48,059 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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 separately configured residences with modernized systems, individual laundry, and rear parking support flexible occupancy options.
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 $550,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units totaling 1,755 square feet; Four private parking spaces located behind the building; Impact windows and doors installed throughout
