Quadplex with Separate
1938 Cleveland Street, Hollywood, FL 33020
For Sale
New
$780,000
Four distinct living spaces include a larger unit, two-bedroom unit, one-bedroom unit, and detached studio.
Property Size2,448 SF
Price / SF$318.63
Days on Market7
Property Features for 1938 Cleveland Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
0.15 acres, Less Than 1/4 Acre Lot, Less Than 1 Acre
Comp Shingle Roof, Shingle
Public Sewer, Public Sanitation, Sewer
Parcel Number: 514210040180, Annual Amount: $8,545, Legal Description: ST JAMES PARK SECOND ADD AMEN PLAT 5-14 B LOT 10 BLK 4, Year: 2025, Zoning: ND-1
Ceramic Floor
Central Air, Wall/Window Unit(s)
Central
Listing ID: B26095292, Standard Status: Active, MLS Status: Active, Property Subtype: Triplex, On market as of 2026-11-01, 1 day on market
Elementary School: Dania Beach, Middle School: Olsen, High School: South Broward
Complete Panel Shutters/Awnings
Built in 1951, Year Built Details: Newly Updated/Renovated, Living area: 2448, Living area units: Square Feet, 1 storey, Construction Materials: CBS Construction
Subdivision: ST JAMES PARK SECOND ADD A, MLS Area (Major): St James Park Second Add A, County/Parish: Broward County
Substantially Remodeled, Updated/Remodeled, Completely Renovated, Leasable area units: Square Feet, Other structures: Extra Building/Shed, Shed(s), Storage Shed
4 units in community, Underground Utilities
Electricity Connected, Underground Utilities, Electricity Available, Sewer Available, Water Source: Public
Funding, Long Closing Preferred, Negotiable
Allowed: Yes
Sewer, Water
Association Fee: $0
Building Details
Year Built
Tenancy
Listing Agency:
GODA Realty Inc
(954) 650-5045
Listed By:
Wai-Kei C Jim · License #3076200
(954) 663-4909
Source:
Riserealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 8:57AM
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 GODA Realty Inc
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Investment Insights
Based on property information with market context.
This 2,448-square-foot quadplex contains four living spaces: a 3-bedroom, 1.5-bath unit, a 2-bedroom, 2-bath unit, a 1-bedroom, 1-bath unit, and a separate studio. Three units are leased and one is vacant. Improvements include updated kitchens, bathrooms, flooring, air conditioning, and a water heater. The roof was replaced in 2017, and hurricane window panels are included. Exterior work remains underway. The building dates to 1951, while the remarks also cite 2006 construction; the conflicting year is not stated here.
The property is in Hollywood, with shopping, I-95, the Turnpike, a charter school, and a university cited nearby. Zoning is ND-1.
The property is in Hollywood, with shopping, I-95, the Turnpike, a charter school, and a university cited nearby. Zoning is ND-1.
Key Highlights
- Four living spaces: 3‑bedroom, 1.5‑bath; 2‑bedroom, 2‑bath; 1‑bedroom, 1‑bath; and separate studio
- 2,448 square feet; three units leased and one vacant
- Roof replaced in 2017; hurricane window panels included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,861
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,220
$877.2K
Cap Rate 7%
$626,586
$626.6K
Cap Rate 9%
$487,344
$487.3K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$66.1K $27.00/SF
− Vacancy
−$3.4K −$1.40/SF
EGI
$62.7K $25.60/SF
− OpEx
−$18.8K −$7.68/SF
NOI
$43.9K $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%
$877,220
Cap Rate 7%
$626,586
Cap Rate 9%
$487,344
Alternative Uses
Best Use
Multifamily LT 5
$626.6K
$548.3K – $731.0K
NOI $43,861 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$582.9K
$510.0K – $680.1K
NOI $40,803 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$957.7K
$838.0K – $1.12M
NOI $67,036 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
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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
$306,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Hollywood, FL
Properties on Market for Quadplexes in Hollywood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four distinct living spaces include a larger unit, two-bedroom unit, one-bedroom unit, and detached studio.
Where is this quadplex located?
The property is located at 1938 Cleveland Street Hollywood, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Four living spaces: 3‑bedroom, 1.5‑bath; 2‑bedroom, 2‑bath; 1‑bedroom, 1‑bath; and separate studio; 2,448 square feet; three units leased and one vacant; Roof replaced in 2017; hurricane window panels included
