Duplex with Vacant
1938 Pierce Street Hollywood, FL 33020
1938 Pierce Street, Hollywood, FL, 33020
$520,000
For Sale
$520,000
Legal duplex on a 5,454 SF lot with two rented 1-bed, 1-bath units and vacant land.
Property Size1,049 SF
Lot Size0.13 Acres
Price / SF$495.71
Days on Market48
Property Features for 1938 Pierce Street
General Information
- Standard status
- Active
- Size
- 1,049 SF
- Lot size
- 0.13 Acres
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1954
Listing agency
United Realty Group Inc
(954) 450-2000
Listed by
Roy Sampat · License #3223569
(954) 450-2000
Source
Compass
Added: Jun 5 Updated: Jul 21 at 8:38PM Checked: Jul 22 at 6:48AM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
Located at 1938 Pierce Street in Downtown Hollywood, this legal duplex includes two 1-bedroom, 1-bath units currently rented for $2,800 per month total. The property also includes vacant land, providing flexibility for an owner-user or investor, as well as options to rebuild or add units subject to City planning and permitting.
The property is zoned ND / Multifamily. It is positioned in the Royal Poinciana area and is described as within walking distance to Young Circle, with access to major roadways and local shopping, dining, and entertainment within minutes.
Prospective buyers should independently verify zoning, use, dimensions, and future development potential as part of their due diligence.
The property is zoned ND / Multifamily. It is positioned in the Royal Poinciana area and is described as within walking distance to Young Circle, with access to major roadways and local shopping, dining, and entertainment within minutes.
Prospective buyers should independently verify zoning, use, dimensions, and future development potential as part of their due diligence.
Key Highlights
- Legal duplex on a 5,454 SF lot in Downtown Hollywood’s Royal Poinciana area
- Two 1 bed, 1 bath units are currently rented for $2,800/month total
- Vacant land included, offering flexibility to rent, rebuild, or build more units (subject to City planning and permits)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.3k | $27.00 |
| − Vacancy | −$1.5k | −$1.40 |
| EGI | $26.9k | $25.60 |
| − OpEx | −$8.1k | −$7.68 |
| NOI | $18.8k | $17.92 |
1,049 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.5K
$234.9K – $313.3K
NOI $18,795 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$249.8K
$218.6K – $291.4K
NOI $17,485 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$410.4K
$359.1K – $478.8K
NOI $28,726 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal duplex on a 5,454 SF lot with two rented 1-bed, 1-bath units and vacant land.
Where is this duplex located?
The property is located at 1938 Pierce Street Hollywood, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Legal duplex on a 5,454 SF lot in Downtown Hollywood’s Royal Poinciana area; Two 1 bed, 1 bath units are currently rented for $2,800/month total; Vacant land included, offering flexibility to rent, rebuild, or build more units (subject to City planning and permits)
