Two-Unit Duplex with Private
New
For Sale
$639,000
2033 Dewey St, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size2,034 SF
Price / SF$314.16
Days on Market6
Property Features for 2033 Dewey St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
DH-3
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Parking
4
Security features
Security
Exterior features
Storm/Security Shutters
Subdivision
HOLLYWOOD SOUTH SIDE ADD
Lot features
< 1/4 Acre
Standard status
Active
APN
514222100600
Size
2,034 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 9 BLK 4
Tax Annual Amount
8660
Legal Description
HOLLYWOOD SOUTH SIDE ADD NO 2 3-17 B LOT 9 BLK 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
central A/C
private patios
fenced backyards
stainless steel appliances
Building Details
Year built
1977
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Wood, Shingle
Listing Agency:
Florida Capital Realty
(305) 986-3851
Listed By:
Roque Gargano · License #3466180
(786) 953-5870
Added: Sep 16
Last Checked: Sep 21 at 1:06AM
MLS# A12090099
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 2,034-square-foot duplex contains two residences, each configured with 2 bedrooms and 2 bathrooms. The units have separate private entrances, individual electric and water meters, and 2 dedicated parking spaces per unit, with access from two different streets. Interior features include open-concept kitchens, stainless steel appliances, central A/C, and ceramic and laminate wood flooring. Each residence also includes a private patio and fenced backyard.
Built in 1977 with block construction, the property has central heating and cooling, ceramic tile flooring, storm/security shutters, a shingle and wood roof, cable availability, and public sewer service. The duplex is located in Hollywood, Florida, within walking distance of historic Downtown Hollywood and minutes from South Florida beaches, major highways, shopping, and schools.
Built in 1977 with block construction, the property has central heating and cooling, ceramic tile flooring, storm/security shutters, a shingle and wood roof, cable availability, and public sewer service. The duplex is located in Hollywood, Florida, within walking distance of historic Downtown Hollywood and minutes from South Florida beaches, major highways, shopping, and schools.
Key Highlights
- 2,034‑square‑foot duplex with two 2‑bedroom, 2‑bathroom residences
- Separate private entrances plus individual electric and water meters
- 2 dedicated parking spaces per unit with access from two streets
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
100%
Occupancy
Multi-tenant
Tenancy
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
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 separately metered residences offer private entrances, dedicated parking, and fenced outdoor areas in Hollywood.
Where is this duplex located?
The property is located at 2033 Dewey St 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 residences; Separate private entrances plus individual electric and water meters; 2 dedicated parking spaces per unit with access from two streets
