2-Unit Single-Story
New
For Sale
$639,000
2327 POLK Street #A-B, Hollywood, FL 33020
Two separate residential units share a finished interior and a single-level layout.
Property Size2,592 SF
Price / SF$246.53
Days on Market3
Property Features for 2327 POLK Street #A-B
General Information
Standard status
Active
Size
2,592 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
DH-2
Net Operating Income
$45,521
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,480
Building Details
Building Size
2,592 SF
Year Built
1942
Stories
2
Listing Agency:
Real Broker, LLC
Listed By:
Richard M DiPietro · License #3659026
(347) 693-2995
Source:
Laerrealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 5:45PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two units within a single-story building, with 2,592 square feet of finished living area. The property was built in 1942 and is located in the Hollywood Little Ranches subdivision of Hollywood, Florida.
Key Highlights
- Two‑unit duplex configuration
- 2,592 square feet of finished living space
- Single‑story floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,441
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,820
$928.8K
Cap Rate 7%
$663,443
$663.4K
Cap Rate 9%
$516,011
$516.0K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$70.0K $27.00/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$66.3K $25.60/SF
− OpEx
−$19.9K −$7.68/SF
NOI
$46.4K $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%
$928,820
Cap Rate 7%
$663,443
Cap Rate 9%
$516,011
Alternative Uses
Best Use
Multifamily LT 5
$663.4K
$580.5K – $774.0K
NOI $46,441 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$617.2K
$540.0K – $720.1K
NOI $43,203 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.01M
$887.2K – $1.18M
NOI $70,979 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,342
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential units share a finished interior and a single-level layout.
Where is this duplex located?
The property is located at 2327 POLK Street #A-B Hollywood, FL.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 2,592 square feet of finished living space; Single‑story floor plan
