DH-3 Zoned Quadplex
For Sale
$1,000,000
2125 Polk Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size2,158 SF
Lot Size0.40 Acres
Price / SF$463.39
Days on Market537
Property Features for 2125 Polk Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
DH-3
Full bathrooms
4
Half bathrooms
4
Rooms
Bathroom 8, Bathroom 1, Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 3, Bathroom 5
Patio and Porch features
Porch
Exterior features
Balcony
Subdivision
Hollywood Little Ranches
Directions
Sheridan St to N Dixie Hwy. Turn south till Polk 2 blocks north of Hollywood Blvd.
Standard status
Active
APN
514216100050
Size
2,158 SF
Lot size
0.40 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Description
A SUB OF LOTS 1 & 2 OF BLK E HOLLYWOOD LITTLE RANCHES 3-19 B LOT 5
Tax Annual Amount
11322
Legal Description
A SUB OF LOTS 1 & 2 OF BLK E HOLLYWOOD LITTLE RANCHES 3-19 B LOT 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
4
Flooring type
Terrazzo, Tile
Building materials
Block, CBS, Concrete Block - No Stucco
Roof type
Tile, Barrel
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Tina N Levinger · License #3022815
(954) 675-1845
Added: May 8, 2025
Changed: Oct 23
Last Checked: Oct 26 at 4:06AM
MLS# F10502216
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.
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Investment Insights
Based on property information with market context.
This quadplex property includes a 2,158-square-foot structure built in 1954, with block construction, tile and terrazzo flooring, a tile roof, and wall or window cooling. The improvements also include a porch, balcony, public water, public sewer, and cable availability. Eight bathrooms are identified in the room information.
The property consists of three adjacent lots at 2117, 2125, and 2127 Polk Street, each measuring 5,754 square feet and held under separate folio numbers. Together, the parcels total 17,262 square feet and are located in Hollywood, Florida. DH-3 zoning is identified as high-density multi-use, with a stated 40-unit concept and provisions described for development up to 140 feet, with a possibility of 10 stories. Listed additional uses include self-storage, hotel or amusement, and automotive sales.
The property consists of three adjacent lots at 2117, 2125, and 2127 Polk Street, each measuring 5,754 square feet and held under separate folio numbers. Together, the parcels total 17,262 square feet and are located in Hollywood, Florida. DH-3 zoning is identified as high-density multi-use, with a stated 40-unit concept and provisions described for development up to 140 feet, with a possibility of 10 stories. Listed additional uses include self-storage, hotel or amusement, and automotive sales.
Key Highlights
- Three adjacent Polk Street lots total 17,262 square feet
- Each of the 3 lots measures 5,754 square feet and has a separate folio number
- DH‑3 zoning supports high‑density multi‑use development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,665
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,300
$773.3K
Cap Rate 7%
$552,357
$552.4K
Cap Rate 9%
$429,611
$429.6K
Market Conditions
NOI Build-Up for 2,158 SF
Gross rent
$58.3K $27.00/SF
− Vacancy
−$3.0K −$1.40/SF
EGI
$55.2K $25.60/SF
− OpEx
−$16.6K −$7.68/SF
NOI
$38.7K $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%
$773,300
Cap Rate 7%
$552,357
Cap Rate 9%
$429,611
Alternative Uses
Best Use
Multifamily LT 5
$552.4K
$483.3K – $644.4K
NOI $38,665 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$513.8K
$449.6K – $599.5K
NOI $35,969 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$844.2K
$738.7K – $984.9K
NOI $59,095 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,633
Businesses Nearby
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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?
Quadplex - Three contiguous lots carry DH-3 high-density multi-use zoning for residential and commercial applications.
Where is this quadplex located?
The property is located at 2125 Polk Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Three adjacent Polk Street lots total 17,262 square feet; Each of the 3 lots measures 5,754 square feet and has a separate folio number; DH‑3 zoning supports high‑density multi‑use development
