Income-Producing
For Sale
$535,000
1947 Adams Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,021 SF
Lot Size0.13 Acres
Price / SF$523
Days on Market87
Property Features for 1947 Adams Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PS-2
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Pets allowed
Yes, No
Subdivision
HOLLYWOOD
Elementary school
Hollywood Central
Middle school
Olsen
High school
South Broward
Standard status
Active
APN
514215016050
Size
1,021 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD 1-21 B LOT 3 BLK 31
Tax Annual Amount
6126
Legal Description
HOLLYWOOD 1-21 B LOT 3 BLK 31
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Frame, Stucco
Roof type
Flat
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Ann E McQueen · License #3041716
(954) 673-2842
Added: Jun 27
Changed: Sep 20
Last Checked: Sep 21 at 7:06PM
MLS# B26046190
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 1,021-square-foot duplex was built in 1925 and features frame-and-stucco construction, ceramic tile flooring, a flat roof, and wall or window-unit cooling. The layout includes two bedrooms and two bathrooms, with public water and public sewer serving the property. Water is available, and the active Airbnb license supports its current income-producing use.
The 0.13-acre property is located in Downtown Hollywood near restaurants, shopping, and entertainment, with the beach approximately 10 minutes away. PS-2 zoning is stated to allow development of up to 10 units and five stories, providing a defined framework for evaluating future redevelopment alongside the existing duplex operation.
The 0.13-acre property is located in Downtown Hollywood near restaurants, shopping, and entertainment, with the beach approximately 10 minutes away. PS-2 zoning is stated to allow development of up to 10 units and five stories, providing a defined framework for evaluating future redevelopment alongside the existing duplex operation.
Key Highlights
- Duplex with 1,021 square feet of property size
- 0.13‑acre lot in Downtown Hollywood
- Active Airbnb license
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
$18,293
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
3.42%
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%
$365,860
$365.9K
Cap Rate 7%
$261,329
$261.3K
Cap Rate 9%
$203,256
$203.3K
Market Conditions
NOI Build-Up for 1,021 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
$27.6K $27.00/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$26.1K $25.60/SF
− OpEx
−$7.8K −$7.68/SF
NOI
$18.3K $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%
$365,860
Cap Rate 7%
$261,329
Cap Rate 9%
$203,256
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.7K – $304.9K
NOI $18,293 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,018 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$399.4K
$349.5K – $466.0K
NOI $27,959 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,497
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with an active Airbnb license and PS-2 zoning.
Where is this duplex located?
The property is located at 1947 Adams Street Hollywood, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Duplex with 1,021 square feet of property size; 0.13‑acre lot in Downtown Hollywood; Active Airbnb license
