Hollywood Multifamily Investment
For Sale
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2325-2331 Arthur St, Hollywood, FL 33020
14-unit multifamily asset in the desirable Hollywood submarket.
Property Size8,292 SF
Price / SF$352.15
Days on Market159
Property Features for 2325-2331 Arthur St
General Information
Standard status
Active
Size
8,292 SF
Class
B
Total Parking Spaces
18
Property subtype
Multifamily
Zoning
DH-1 - DIXIE HIGHWAY LOW INTENSITY MULTI-FAMILY DISTRICT
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$164,434
Building Details
Year Built
1979
Buildings
1
Stories
2
Units
14
Tenancy
Multi
Listing Agency:
Franklin Street Tampa
Listed By:
Ryan Wold · License #FL 3424080
Source:
Crexi
Added: May 14
Changed: Oct 12
Last Checked: Oct 19 at 5:55AM
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 Franklin Street Tampa
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Investment Insights
Based on property information with market context.
Located at 2325-2331 Arthur Street, this multifamily property features 14 units and presents an investment opportunity in the Hollywood submarket. Constructed in 1979, the property encompasses approximately 8,292 square feet and offers an efficient layout. The property is zoned DH-1 (Dixie Highway Low Intensity Multi-Family District), which supports continued multifamily use. The unit mix is suited for workforce housing. The building's vintage provides an opportunity for strategic interior and exterior upgrades, allowing investors to unlock additional value through renovations and rental repositioning. The property is positioned for both yield-focused and growth-oriented investors. The 14-unit size allows for operational efficiency, while the property's fundamentals provide a foundation for long-term appreciation and cash flow stability. This is an opportunity to acquire an income-generating asset.
Key Highlights
- Prime location in desirable Hollywood submarket
- Strong income‑generating asset with value‑add potential through renovations
- Favorable DH‑1 zoning for continued multifamily use and long‑term flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,211
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,764,220
$2.8M
Cap Rate 7%
$1,974,443
$2.0M
Cap Rate 9%
$1,535,678
$1.5M
Market Conditions
NOI Build-Up for 8,292 SF
Gross rent
$263.7K $31.80/SF
− Vacancy
−$12.4K −$1.49/SF
EGI
$251.3K $30.31/SF
− OpEx
−$113.1K −$13.64/SF
NOI
$138.2K $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 Rate 5%
$2,764,220
Cap Rate 7%
$1,974,443
Cap Rate 9%
$1,535,678
Alternative Uses
Best Use
Apartment 5plus
$1.97M
$1.73M – $2.30M
NOI $138,211 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $227,068 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 14-unit multifamily asset in the desirable Hollywood submarket.
Where is this apartment building located?
The property is located at 2325-2331 Arthur St Hollywood, FL.
What is the asking price?
The asking price for this property is $2,920,000.
What are key features of this property?
This property features: Prime location in desirable Hollywood submarket; Strong income‑generating asset with value‑add potential through renovations; Favorable DH‑1 zoning for continued multifamily use and long‑term flexibility
