Legal Duplex in Downtown
1938 Pierce St Hollywood, FL 33020
For Sale
$520,000
MULTI_FAMILY - Hollywood, FL
Property Size1,049 SF
Lot Size0.13 Acres
Price / SF$495.71
Days on Market23
Property Features for 1938 Pierce St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
- Parking
- 2
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 514215013540
- Size
- 1,049 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- HOLLYWOOD 1-21 B LOT 25 BLK 20
- Tax Annual Amount
- 6762
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Flooring type
- Wood, Hardwood
- Building materials
- Brick, Block
- Roof type
- Barrel
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Roy Sampat · License #3223569
(954) 549-4204
Added: Jul 3
Changed: Jul 25
Last Checked: Jul 25 at 6:06AM
MLS# A12044505
Copyright © 2026 Miami REALTORS®. 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 legal duplex offers two separate 1-bedroom, 1-bath units, which are currently rented. The property is presented as an opportunity for continued rental income and/or redevelopment, with a portion of the site described as vacant. Buyer should independently verify zoning, use, dimensions, and any future development potential through the City and permitting process.
The duplex is located on Pierce St in Downtown Hollywood, in the Royal Poinciana area, with zoning identified as ND/Multifamily. The listing notes that the property is within walking distance of Young Circle and that major destinations including Hollywood beaches, US-1, I-95, Fort Lauderdale Airport, shopping, dining, and entertainment are minutes away.
The lot size is listed at 5,454 square feet. The listing also notes the potential to rebuild, rent out existing improvements, or build on the vacant land, subject to City planning and permits.
The duplex is located on Pierce St in Downtown Hollywood, in the Royal Poinciana area, with zoning identified as ND/Multifamily. The listing notes that the property is within walking distance of Young Circle and that major destinations including Hollywood beaches, US-1, I-95, Fort Lauderdale Airport, shopping, dining, and entertainment are minutes away.
The lot size is listed at 5,454 square feet. The listing also notes the potential to rebuild, rent out existing improvements, or build on the vacant land, subject to City planning and permits.
Key Highlights
- Legal duplex with 2 x 1 bed, 1 bath units currently rented for $2,800/month total
- Zoned ND /Multifamily; buyer to verify zoning, use, dimensions, and any future development potential
- 1954 construction with brick and block exterior and barrel roof
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal duplex with two 1-bedroom, 1-bath units currently rented on a small lot in Downtown Hollywood.
Where is this duplex located?
The property is located at 1938 Pierce St 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 with 2 x 1 bed, 1 bath units currently rented for $2,800/month total; Zoned ND /Multifamily; buyer to verify zoning, use, dimensions, and any future development potential; 1954 construction with brick and block exterior and barrel roof
