Legal Duplex Opportunity with
For Sale
$495,000
1938 Pierce St, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,049 SF
Lot Size0.13 Acres
Price / SF$471.88
Days on Market94
Property Features for 1938 Pierce St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
ND-2
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Parking
2
Patio and Porch features
Porch
Exterior features
Porch
Subdivision
HOLLYWOOD
Lot features
< 1/4 Acre
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
Legal Description
HOLLYWOOD 1-21 B LOT 25 BLK 20
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 25
Changed: Oct 18
Last Checked: Oct 26 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
Legal duplex at 1938 Pierce St, featuring a porch and brick/block construction. The property is configured as two 1-bedroom, 1-bath units that are currently rented, offering flexibility for an investor or an owner-occupant seeking supplemental rental income.
The duplex sits on a 5,454 SF lot and is zoned ND / Multifamily. The home was built in 1954 and is served by public sewer, with cable available. Cooling is provided through window and wall/window unit(s). Flooring includes wood and hardwood, and the roof is listed as barrel.
Buyers are encouraged to independently verify zoning, use, dimensions, and any future development potential before closing.
The duplex sits on a 5,454 SF lot and is zoned ND / Multifamily. The home was built in 1954 and is served by public sewer, with cable available. Cooling is provided through window and wall/window unit(s). Flooring includes wood and hardwood, and the roof is listed as barrel.
Buyers are encouraged to independently verify zoning, use, dimensions, and any future development potential before closing.
Key Highlights
- Two 1‑bedroom, 1‑bath units currently rented in a legal duplex
- 5,454 SF lot zoned ND / Multifamily
- Built in 1954 with brick and block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,795
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,900
$375.9K
Cap Rate 7%
$268,500
$268.5K
Cap Rate 9%
$208,833
$208.8K
Market Conditions
NOI Build-Up for 1,049 SF
Gross rent
$28.3K $27.00/SF
− Vacancy
−$1.5K −$1.40/SF
EGI
$26.9K $25.60/SF
− OpEx
−$8.1K −$7.68/SF
NOI
$18.8K $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%
$375,900
Cap Rate 7%
$268,500
Cap Rate 9%
$208,833
Alternative Uses
Best Use
Multifamily LT 5
$268.5K
$234.9K – $313.3K
NOI $18,795 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$249.8K
$218.6K – $291.4K
NOI $17,485 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$410.4K
$359.1K – $478.8K
NOI $28,726 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,547
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex on a 5,454 SF lot, zoned ND/Multifamily, with two 1-bed units currently rented.
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 $495,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units currently rented in a legal duplex; 5,454 SF lot zoned ND / Multifamily; Built in 1954 with brick and block construction
