Adjacent Multifamily Development
2127 Polk Street Hollywood, FL 33020
For Sale
$1,000,000
MULTI_FAMILY - Hollywood, FL
Property Size2,158 SF
Lot Size0.40 Acres
Price / SF$463.39
Days on Market446
Property Features for 2127 Polk Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 2
Patio and Porch features
Porch
Exterior features
Balcony
Standard status
Active
APN
514216100051
Size
2,158 SF
Lot size
0.40 Acres
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 6
Tax Annual Amount
11334
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s), Electric
Building Details
Year built
1954
Floors in Building
1
Number of units
4
Flooring type
Tile, Terrazzo
Building materials
Block
Roof type
Barrel, Tile
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Tina N Levinger · License #3022815
(954) 675-1845
Added: May 8, 2025
Changed: Jul 25
Last Checked: Jul 27 at 2:06PM
MLS# F10502624
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 offering includes three adjacent lots sold together, each with separate folio numbers: 2117, 2125, and 2127 Polk Street in Hollywood, FL. The property is under DH-3 zoning, described in the remarks as High Density Multi Use. The seller notes a combined total of 17,262 square feet and references zoning capacity supporting a “40 unit concept,” with the possibility of additional units if the development proceeds vertically. The remarks also cite zoning permitting up to 140 feet, with an associated possibility of 10 stories.
The remarks further state that the zoning may allow uses beyond multi-family, including self storage facility, hotel, amusement, and automotive sales, among others. The seller instructs that tenants should not be disturbed and that there are no showings until an executed contract.
This is an investor and developer-oriented opportunity centered on the combined development potential of the three lots under DH-3 zoning.
The remarks further state that the zoning may allow uses beyond multi-family, including self storage facility, hotel, amusement, and automotive sales, among others. The seller instructs that tenants should not be disturbed and that there are no showings until an executed contract.
This is an investor and developer-oriented opportunity centered on the combined development potential of the three lots under DH-3 zoning.
Key Highlights
- 3 adjacent lots on Polk St (2117, 2125, 2127) sold together under separate folio numbers
- Each lot is 5,754 SF for a combined total of 17,262 SF
- Zoned DH‑3 (high density multi‑use) with zoning capacity for a 40‑unit concept
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.3k | $27.00 |
| − Vacancy | −$3.0k | −$1.40 |
| EGI | $55.2k | $25.60 |
| − OpEx | −$16.6k | −$7.68 |
| NOI | $38.7k | $17.92 |
2,158 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Three side-by-side lots with separate folio numbers are being sold together under DH-3 zoning in Hollywood, FL.
Where is this quadplex located?
The property is located at 2127 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: 3 adjacent lots on Polk St (2117, 2125, 2127) sold together under separate folio numbers; Each lot is 5,754 SF for a combined total of 17,262 SF; Zoned DH‑3 (high density multi‑use) with zoning capacity for a 40‑unit concept
