Updated Duplex with Private
For Sale
$524,999
2140 Monroe St, Hollywood, FL 33020
Two one-bedroom residences include separate laundry equipment, fenced outdoor areas, and dedicated parking in a no-HOA setting.
Property Size1,723 SF
Price / SF$304.70
Days on Market53
Property Features for 2140 Monroe St
General Information
Standard status
Active
Size
1,723 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
double closets
private fenced backyard
washer/dryer
hurricane shutters
Building Details
Tenancy
Single
Listing Agency:
Coldwell Banker Realty
(305) 672-6300
Listed By:
Luis Gonzalez LLC
(305) 924-1119
Source:
Exprealty
Added: Jul 17
Changed: Sep 5
Last Checked: Sep 6 at 9:51AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath units, each with double closets, a private fenced backyard, and its own washer and dryer. Recent property improvements include a roof installed in 2023, mini-split A/C systems, interior and exterior paint, fencing, appliances, flooring, and hurricane shutters. Parking accommodates 4+ vehicles, and the property has no HOA. One residence is owner-occupied while the second is leased month-to-month; the tenant is willing to remain.
The property is located on a quiet dead-end cul-de-sac in East Hollywood. Downtown Hollywood and ArtsPark at Young Circle are within walking distance, with restaurants, bars, shops, entertainment, and year-round events nearby. Hollywood Beach, the Broadwalk, Gulfstream Park, and Fort Lauderdale-Hollywood International Airport are minutes away.
The property is located on a quiet dead-end cul-de-sac in East Hollywood. Downtown Hollywood and ArtsPark at Young Circle are within walking distance, with restaurants, bars, shops, entertainment, and year-round events nearby. Hollywood Beach, the Broadwalk, Gulfstream Park, and Fort Lauderdale-Hollywood International Airport are minutes away.
Key Highlights
- Duplex with two 1‑bedroom, 1‑bath units
- New roof installed in 2023
- Each unit has a private fenced backyard and its own washer and dryer
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
$30,871
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
5.88%
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%
$617,420
$617.4K
Cap Rate 7%
$441,014
$441.0K
Cap Rate 9%
$343,011
$343.0K
Market Conditions
NOI Build-Up for 1,723 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
$46.5K $27.00/SF
− Vacancy
−$2.4K −$1.40/SF
EGI
$44.1K $25.60/SF
− OpEx
−$13.2K −$7.68/SF
NOI
$30.9K $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%
$617,420
Cap Rate 7%
$441,014
Cap Rate 9%
$343,011
Alternative Uses
Best Use
Multifamily LT 5
$441.0K
$385.9K – $514.5K
NOI $30,871 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$410.3K
$359.0K – $478.7K
NOI $28,719 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$674.0K
$589.8K – $786.4K
NOI $47,183 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,434
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?
Duplex - Two one-bedroom residences include separate laundry equipment, fenced outdoor areas, and dedicated parking in a no-HOA setting.
Where is this duplex located?
The property is located at 2140 Monroe St Hollywood, FL.
What is the asking price?
The asking price for this property is $524,999.
What are key features of this property?
This property features: Duplex with two 1‑bedroom, 1‑bath units; New roof installed in 2023; Each unit has a private fenced backyard and its own washer and dryer
