Duplex with Private
New
For Sale
$639,000
2033 Dewey Street, Hollywood, FL 33020
Two separately metered residences offer private outdoor areas, dedicated parking, and central air conditioning in Hollywood.
Property Size2,034 SF
Price / SF$314.16
Days on Market7
Property Features for 2033 Dewey Street
General Information
Standard status
Active
Size
2,034 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
DH-3
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$8,660
Amenities
stainless steel appliances
central A/C
ceramic and laminate wood flooring
private patios
fenced backyards
Building Details
Building Size
2,034 SF
Year Built
1977
Stories
1
Listing Agency:
Florida Capital Realty
Listed By:
Roque Gargano · License #3466180
(305) 986-3851
Source:
Laerrealty
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 21 at 4:14AM
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 Florida Capital Realty
Investment Insights
Based on property information with market context.
Built in 1977, this 2,034-square-foot duplex contains two residences, each arranged with 2 bedrooms and 2 bathrooms. Both units have private entrances, individual electric and water meters, open kitchen layouts with stainless steel appliances, central A/C, and ceramic and laminate wood flooring. Each residence also includes a private patio, fenced backyard, and 2 dedicated parking spaces.
Access is available from two different streets, supporting separate entry to the units. The property is in Hollywood, within walking distance of historic Downtown Hollywood and minutes from South Florida beaches, major highways, shopping, and top-rated schools. DH-3 zoning adds an additional property-specific consideration for evaluation.
Access is available from two different streets, supporting separate entry to the units. The property is in Hollywood, within walking distance of historic Downtown Hollywood and minutes from South Florida beaches, major highways, shopping, and top-rated schools. DH-3 zoning adds an additional property-specific consideration for evaluation.
Key Highlights
- 2,034‑square‑foot duplex with two 2‑bedroom, 2‑bathroom units
- Each unit includes 2 dedicated parking spaces and a private fenced backyard
- Separate entrances plus individual electric and water meters for each residence
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
$36,444
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
5.70%
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%
$728,880
$728.9K
Cap Rate 7%
$520,629
$520.6K
Cap Rate 9%
$404,933
$404.9K
Market Conditions
NOI Build-Up for 2,034 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
$54.9K $27.00/SF
− Vacancy
−$2.9K −$1.40/SF
EGI
$52.1K $25.60/SF
− OpEx
−$15.6K −$7.68/SF
NOI
$36.4K $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%
$728,880
Cap Rate 7%
$520,629
Cap Rate 9%
$404,933
Alternative Uses
Best Use
Multifamily LT 5
$520.6K
$455.6K – $607.4K
NOI $36,444 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$484.3K
$423.8K – $565.1K
NOI $33,903 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$795.7K
$696.2K – $928.3K
NOI $55,699 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,918
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer private outdoor areas, dedicated parking, and central air conditioning in Hollywood.
Where is this duplex located?
The property is located at 2033 Dewey Street Hollywood, FL.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 2,034‑square‑foot duplex with two 2‑bedroom, 2‑bathroom units; Each unit includes 2 dedicated parking spaces and a private fenced backyard; Separate entrances plus individual electric and water meters for each residence
