3-Unit Triplex with Impact
2311 GARFIELD Street, Hollywood, FL 33020
For Sale
New
$950,000
Residential Income, Hollywood, FL
Property Size2,292 SF
Lot Size0.17 Acres
Price / SF$414.49
Days on Market3
Property Features for 2311 GARFIELD Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Pets allowed
Exterior features
Fencing
Subdivision
View
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
impact windows & doors
tankless water heaters
shared laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
The Keyes Company
(954) 893-1322
Listed By:
Amy Berman · License #3360474
(917) 418-7857
Added: Nov 7
Last Checked: Nov 9 at 3:06AM
MLS# B26097661
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 Hollywood triplex contains 2,292 square feet across three units: two two-bedroom apartments, one with one bathroom and the other with two, plus a studio. Two units have been updated; the remaining unit is occupied. Impact-resistant windows and doors, tankless water heaters, separate meters, shared laundry, and on-site parking serve the property. The roof was replaced in 2020, and the site totals 0.17 acres. DH-1 zoning applies.
The property is on Garfield Street in Hollywood, with major highways, grocery stores, shops, restaurants, and beaches identified among the surrounding conveniences. Two units are positioned for rental occupancy, while one currently has a tenant. Exterior details include a fenced courtyard and porch.
The property is on Garfield Street in Hollywood, with major highways, grocery stores, shops, restaurants, and beaches identified among the surrounding conveniences. Two units are positioned for rental occupancy, while one currently has a tenant. Exterior details include a fenced courtyard and porch.
Key Highlights
- Three units: 2‑bedroom/1‑bath, studio, and 2‑bedroom/2‑bath
- 2,292 square feet on a 0.17‑acre lot
- Impact windows and doors; roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,066
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,320
$821.3K
Cap Rate 7%
$586,657
$586.7K
Cap Rate 9%
$456,289
$456.3K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$61.9K $27.00/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$58.7K $25.60/SF
− OpEx
−$17.6K −$7.68/SF
NOI
$41.1K $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%
$821,320
Cap Rate 7%
$586,657
Cap Rate 9%
$456,289
Alternative Uses
Best Use
Multifamily LT 5
$586.7K
$513.3K – $684.4K
NOI $41,066 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$545.8K
$477.5K – $636.7K
NOI $38,203 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$896.6K
$784.6K – $1.05M
NOI $62,764 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,522
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
$306,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Hollywood, FL
Properties on Market for Triplexes in Hollywood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A three-unit residential property offers separate utility meters, shared laundry, and a mix of updated and tenant-occupied space.
Where is this triplex located?
The property is located at 2311 GARFIELD Street Hollywood, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three units: 2‑bedroom/1‑bath, studio, and 2‑bedroom/2‑bath; 2,292 square feet on a 0.17‑acre lot; Impact windows and doors; roof replaced in 2020
