10-Unit Apartment
For Sale
$2,255,000
2206 Fillmore St #1-10, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size7,445 SF
Lot Size0.46 Acres
Price / SF$302.89
Days on Market33
Property Features for 2206 Fillmore St #1-10
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
DH-2
Parking
20
Subdivision
oHOLLYWOOD LITTLE RANCHES
Lot features
1/4 to 1/2 Acre Lot
Directions
GPS
Standard status
Active
APN
514216014000
Size
7,445 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD LITTLE RANCHES 1-26 B LOT 22 BLK 9
Tax Annual Amount
38956
Legal Description
HOLLYWOOD LITTLE RANCHES 1-26 B LOT 22 BLK 9
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1959
Floors in Building
1
Flooring type
Tile
Building materials
Brick, Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Mariya Stoyanova · License #3343472
(646) 678-6477
Added: Jul 25
Changed: Aug 26
Last Checked: Aug 26 at 8:06PM
MLS# A12003504
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 multifamily property includes two apartment buildings with 10 units and a combined 7,445 square feet of building area on a 20,060-square-foot site. The unit mix consists of seven 1BR/1BA apartments, two 2BR/1BA apartments, and one 3BR/2BA apartment. All units are occupied. Both buildings have new shingle roofs and new wall air-conditioning units, while tile flooring, wall furnaces, and wall or window cooling units are present. The property was built in 1959 and includes 20 stacked parking spaces.
Located at 2206 Fillmore St #1-10 in Hollywood, the property is near Downtown Hollywood, ArtsPark, the restaurant corridor, and the Hollywood Beachfront Broadwalk. Fort Lauderdale-Hollywood International Airport is 15 minutes away, with I-95 access providing stated drive times of 25 minutes to Miami and 30 minutes to Boca Raton. DH-2 zoning permits up to 4 stories and 45 feet in height.
Located at 2206 Fillmore St #1-10 in Hollywood, the property is near Downtown Hollywood, ArtsPark, the restaurant corridor, and the Hollywood Beachfront Broadwalk. Fort Lauderdale-Hollywood International Airport is 15 minutes away, with I-95 access providing stated drive times of 25 minutes to Miami and 30 minutes to Boca Raton. DH-2 zoning permits up to 4 stories and 45 feet in height.
Key Highlights
- 10‑unit multifamily property across two buildings totaling 7,445 square feet
- Unit mix: seven 1BR/1BA, two 2BR/1BA, and one 3BR/2BA apartments
- 20,060‑square‑foot lot with 20 stacked parking spaces
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
$124,093
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
5.50%
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%
$2,481,860
$2.5M
Cap Rate 7%
$1,772,757
$1.8M
Cap Rate 9%
$1,378,811
$1.4M
Market Conditions
NOI Build-Up for 7,445 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
$236.8K $31.80/SF
− Vacancy
−$11.1K −$1.49/SF
EGI
$225.6K $30.31/SF
− OpEx
−$101.5K −$13.64/SF
NOI
$124.1K $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%
$2,481,860
Cap Rate 7%
$1,772,757
Cap Rate 9%
$1,378,811
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.07M
NOI $124,093 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,874 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,651
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?
Apartment building - Two maintained residential buildings offer a fully occupied unit mix with updated roofs, wall air conditioning, and stacked parking.
Where is this apartment building located?
The property is located at 2206 Fillmore St #1-10 Hollywood, FL.
What is the asking price?
The asking price for this property is $2,255,000.
What are key features of this property?
This property features: 10‑unit multifamily property across two buildings totaling 7,445 square feet; Unit mix: seven 1BR/1BA, two 2BR/1BA, and one 3BR/2BA apartments; 20,060‑square‑foot lot with 20 stacked parking spaces
