Multifamily Property with
New
For Sale
$4,130,000
2134 Lincoln St, Hollywood, FL 33020
Two-story condominium community offering a varied unit mix, shared laundry facilities, parking, and a landscaped central courtyard.
Property Size16,123 SF
Lot Size0.94 Acres
Days on Market3
Property Features for 2134 Lincoln St
General Information
Standard status
Active
Size
16,123 SF
Lot size
0.94 Acres
Property subtype
Multifamily
Occupancy
95%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
16 x 1BR/1BA, 7 x 2BR/2BA
Multifamily Units
23
Amenities
laundry room
courtyard
Long term owner
Value Add Opportunity
Strong Rental Market
23 of 25 units in the Lincoln Towers
Good mix of 1 & 2-bedroom units
Select Units have been renovated
Building Details
Building Size
16,123 SF
Year Built
1969
Buildings
1
Stories
2
Units
23
Listing Agency:
Fort Lauderdale Office
(954) 245-3444
Listed By:
Felipe Echarte · License #License(s): FL: SL696115
(954) 245-3444
Source:
Marcusmillichap
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 17 at 3:45AM
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 Fort Lauderdale Office
Investment Insights
Based on property information with market context.
Lincolnwood Towers is a two-story condominium community with 25 units, including an offering of 23 units. The approximately 0.94-acre property includes sixteen one-bedroom, one-bath units of about 600 SF and seven two-bedroom, two-bath units of about 932 SF. Several residences have been renovated. Common improvements include a laundry room, two parking lots, additional front parking, and a fenced courtyard within the building’s U-shaped layout. Mature trees provide shade throughout the grounds.
The property is located at 2134 Lincoln St in Hollywood, just west of Dixie Highway. Water, sewer, and trash removal are paid by the owner through the HOA. The site carries high-density zoning with a 3.0 FAR and a 140-foot height restriction. Nearby destinations include Beachside Montessori Village and Lincoln Park, which features playgrounds, picnic areas, a walking path, gazebo, basketball courts, and a softball field.
The property is located at 2134 Lincoln St in Hollywood, just west of Dixie Highway. Water, sewer, and trash removal are paid by the owner through the HOA. The site carries high-density zoning with a 3.0 FAR and a 140-foot height restriction. Nearby destinations include Beachside Montessori Village and Lincoln Park, which features playgrounds, picnic areas, a walking path, gazebo, basketball courts, and a softball field.
Key Highlights
- 23 of 25 condominium units offered for sale
- Unit mix includes sixteen one‑bedroom units and seven two‑bedroom units
- Approximately 0.94‑acre site with 3.0 FAR and a 140‑foot height restriction
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
$268,738
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
6.51%
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%
$5,374,760
$5.4M
Cap Rate 7%
$3,839,114
$3.8M
Cap Rate 9%
$2,985,978
$3.0M
Market Conditions
NOI Build-Up for 16,123 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
$512.7K $31.80/SF
− Vacancy
−$24.1K −$1.49/SF
EGI
$488.6K $30.31/SF
− OpEx
−$219.9K −$13.64/SF
NOI
$268.7K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$5,374,760
Cap Rate 7%
$3,839,114
Cap Rate 9%
$2,985,978
Alternative Uses
Best Use
Apartment 5plus
$3.84M
$3.36M – $4.48M
NOI $268,738 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,512 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
23
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,075
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-story condominium community offering a varied unit mix, shared laundry facilities, parking, and a landscaped central courtyard.
Where is this multifamily property located?
The property is located at 2134 Lincoln St Hollywood, FL.
What is the asking price?
The asking price for this property is $4,130,000.
What are key features of this property?
This property features: 23 of 25 condominium units offered for sale; Unit mix includes sixteen one‑bedroom units and seven two‑bedroom units; Approximately 0.94‑acre site with 3.0 FAR and a 140‑foot height restriction
