2-Unit Duplex with Impact
New
For Sale
$649,000
2454 Garfield St, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,364 SF
Price / SF$475.81
Days on Market2
Property Features for 2454 Garfield St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM-9
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking
4
Subdivision
HOLLYWOOD TERRACE
Lot features
< 1/4 Acre
Standard status
Active
APN
514209031250
Size
1,364 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD TERRACE 3-12 B LOT 27 BLK 5
Tax Annual Amount
6842
Legal Description
HOLLYWOOD TERRACE 3-12 B LOT 27 BLK 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Laminate
Building materials
CBS (Concrete Block Structure), Block
Roof type
Flat, Tile
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Karen Gomez · License #3343346
(305) 298-5991
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 9:06PM
MLS# A12113413
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.
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Investment Insights
Based on property information with market context.
This 1,364-square-foot duplex, built in 1952, contains two residences with two bedrooms and one bathroom apiece. The building has concrete block construction, laminate flooring, central heating and air conditioning, and impact windows and doors. Plumbing and electrical systems have been updated, and the roof is newer.
The property is approximately seven minutes from Hollywood Beach. Public water and sewer serve the site, and cable is available. The listing indicates there are no rental restrictions.
The property is approximately seven minutes from Hollywood Beach. Public water and sewer serve the site, and cable is available. The listing indicates there are no rental restrictions.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,364 square feet; built in 1952
- Impact windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,439
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,780
$488.8K
Cap Rate 7%
$349,129
$349.1K
Cap Rate 9%
$271,544
$271.5K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$36.8K $27.00/SF
− Vacancy
−$1.9K −$1.40/SF
EGI
$34.9K $25.60/SF
− OpEx
−$10.5K −$7.68/SF
NOI
$24.4K $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%
$488,780
Cap Rate 7%
$349,129
Cap Rate 9%
$271,544
Alternative Uses
Best Use
Multifamily LT 5
$349.1K
$305.5K – $407.3K
NOI $24,439 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$324.8K
$284.2K – $378.9K
NOI $22,735 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$533.6K
$466.9K – $622.5K
NOI $37,352 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,558
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, an updated bathroom, and central heating and air conditioning.
Where is this duplex located?
The property is located at 2454 Garfield St Hollywood, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,364 square feet; built in 1952; Impact windows and doors
