Legal Duplex with Rental
For Sale
$575,000
2322 Taft St, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size2,281 SF
Price / SF$252.08
Days on Market105
Property Features for 2322 Taft St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
DH-1
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Parking
2
Subdivision
HOLLYWOOD PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
514209054780
Size
2,281 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
HOLLYWOOD PARK 4-19 B LOT 19 BLK 30
Tax Annual Amount
8244
Legal Description
HOLLYWOOD PARK 4-19 B LOT 19 BLK 30
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1949
Floors in Building
1
Flooring type
Wood, Hardwood, Tile
Building materials
Frame
Roof type
Shingle
Listing Agency:
Fathom Realty FL, LLC
(877) 661-1977
Listed By:
Alter Gambarte · License #3223344
(786) 285-5740
Added: May 16
Changed: Aug 26
Last Checked: Aug 28 at 8:06AM
MLS# A12020292
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 legal duplex includes front and rear residential units with approximately 2,281 square feet of living area. The layout includes three bedrooms and two bathrooms, with wood, hardwood, and tile flooring. Frame construction, a shingle roof, central air conditioning, and electric heating are among the existing improvements. The property is currently income-producing, with both units occupied by tenants.
Located at 2322 Taft St in Hollywood, the property offers access to Downtown Hollywood, beaches, US-1, I-95, Fort Lauderdale Airport, shopping, dining, and entertainment. Utilities include cable availability, and the property is served by a septic tank. The 1949-built duplex provides a residential income configuration for buyers seeking an existing two-unit property or the ability to occupy one unit while renting the other.
Located at 2322 Taft St in Hollywood, the property offers access to Downtown Hollywood, beaches, US-1, I-95, Fort Lauderdale Airport, shopping, dining, and entertainment. Utilities include cable availability, and the property is served by a septic tank. The 1949-built duplex provides a residential income configuration for buyers seeking an existing two-unit property or the ability to occupy one unit while renting the other.
Key Highlights
- Legal duplex with front and rear residential units
- 2,281 square feet of living area
- Three bedrooms and two bathrooms
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
$40,869
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
7.11%
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%
$817,380
$817.4K
Cap Rate 7%
$583,843
$583.8K
Cap Rate 9%
$454,100
$454.1K
Market Conditions
NOI Build-Up for 2,281 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
$61.6K $27.00/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$58.4K $25.60/SF
− OpEx
−$17.5K −$7.68/SF
NOI
$40.9K $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%
$817,380
Cap Rate 7%
$583,843
Cap Rate 9%
$454,100
Alternative Uses
Best Use
Multifamily LT 5
$583.8K
$510.9K – $681.2K
NOI $40,869 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$543.1K
$475.3K – $633.7K
NOI $38,020 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$892.3K
$780.8K – $1.04M
NOI $62,463 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,320
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 separate units support residential income use and owner-occupancy flexibility.
Where is this duplex located?
The property is located at 2322 Taft St Hollywood, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Legal duplex with front and rear residential units; 2,281 square feet of living area; Three bedrooms and two bathrooms
