Duplex with Washer and Dryer in Each
For Sale
Under Contract
$595,000
2419-2421 Johnson Street, Hollywood, FL 33020
MULTI_FAMILY - Hollywood, FL
Property Size2,287 SF
Lot Size0.18 Acres
Price / SF$260.17
Days on Market56
Property Features for 2419-2421 Johnson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-9
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 1
Patio and Porch features
Patio, Porch
Pets allowed
No, Yes
Fencing
Gate, Fenced
Subdivision
HOLLYWOOD TERRACE
Lot features
Sidewalks
Elementary school
Oakridge
Middle school
Olsen
High school
South Broward
Standard status
Active Under Contract
APN
514209031740
Size
2,287 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD TERRACE 3-12 B LOT 23 BLK 7
Tax Annual Amount
10819
Legal Description
HOLLYWOOD TERRACE 3-12 B LOT 23 BLK 7
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
washer and dryers in each unit
large shared backyard
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Tile
Building materials
Stone, Stucco
Roof type
Shingle
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Elaina Torres-Salinas · License #3516791
(954) 681-1331
Added: Jun 23
Changed: Aug 14
Last Checked: Aug 17 at 8:06AM
MLS# B26044678
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.
Investment Insights
Based on property information with market context.
This duplex investment property includes two units with two and three bedrooms, respectively. The building is fully occupied and each unit has its own washer and dryer. Tenants pay water and light separately, while the building provides four parking spaces and a large shared backyard. Exterior features include a patio and porch, fenced and gated areas, and a shingle roof. Interior finishes include ceramic tile flooring throughout. Central heating and central air are provided, with ceiling fans in addition. Cable is available, with public water and public sewer.
The property is zoned RM-9 and sits on a 0.18-acre lot. Construction materials include stone and stucco, and the duplex was built in 1980. No HOA is indicated, so ownership and management are handled by the individual owner.
Located between US 1 and I-95, the property offers straightforward access to major corridors in Hollywood, Florida.
The property is zoned RM-9 and sits on a 0.18-acre lot. Construction materials include stone and stucco, and the duplex was built in 1980. No HOA is indicated, so ownership and management are handled by the individual owner.
Located between US 1 and I-95, the property offers straightforward access to major corridors in Hollywood, Florida.
Key Highlights
- 0.18‑acre lot with RM‑9 zoning
- Built in 1980 with stone and stucco exterior and shingle roof
- Washer and dryer in each unit plus large shared backyard
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
$40,977
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
6.89%
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%
$819,540
$819.5K
Cap Rate 7%
$585,386
$585.4K
Cap Rate 9%
$455,300
$455.3K
Market Conditions
NOI Build-Up for 2,287 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
$61.7K $27.00/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$58.5K $25.60/SF
− OpEx
−$17.6K −$7.68/SF
NOI
$41.0K $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%
$819,540
Cap Rate 7%
$585,386
Cap Rate 9%
$455,300
Alternative Uses
Best Use
Multifamily LT 5
$585.4K
$512.2K – $683.0K
NOI $40,977 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$544.6K
$476.5K – $635.3K
NOI $38,120 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$894.7K
$782.8K – $1.04M
NOI $62,627 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,006
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 - Duplex on RM-9 zoning with central HVAC, washer and dryer in each unit, and fenced backyard with shared space.
Where is this duplex located?
The property is located at 2419-2421 Johnson Street Hollywood, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 0.18‑acre lot with RM‑9 zoning; Built in 1980 with stone and stucco exterior and shingle roof; Washer and dryer in each unit plus large shared backyard
