Remodeled Triplex with Expansive
For Sale
$665,000
2620 Harding St, Hollywood, FL 33020
Remodeled triplex with separate unit layouts, new ACs, and ample parking for up to six vehicles, including RV or boat space.
Property Size1,551 SF
Price / SF$428.76
Days on Market119
Property Features for 2620 Harding St
General Information
Standard status
Active
Size
1,551 SF
Total Parking Spaces
6
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,473
Building Details
Tenancy
Multi
Listing Agency:
Aqua Realty Services
(954) 941-6658
Listed By:
Alexis N Tinsley · License #3339862
(954) 326-4160
Source:
Exprealty
Added: May 26
Changed: Sep 12
Last Checked: Sep 21 at 7:56AM
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 Aqua Realty Services
Investment Insights
Based on property information with market context.
This remodeled triplex includes a 2-bedroom, 1-bath unit, a 1-bedroom, 1-bath unit, and a detached remodeled studio efficiency with private rear access. New ACs were installed in each unit. The property offers approximately 2,000 square feet under roof with 1,611 square feet of living space. Roofs were replaced in 2020. Outdoor amenities include low-maintenance landscaping, an in-ground spa/plunge pool (currently not being used), and an expansive 45-foot deck.
Located on a low-traffic street in East Hollywood, the property is minutes from downtown Hollywood, the golden beaches, Fort Lauderdale International Airport, and the Hard Rock. Each unit is currently tenant occupied on a month-to-month basis, providing flexibility for an owner-operator or investor.
The configuration supports a range of use cases, including short-term rental operation or long-term tenancy, based on the provided unit mix and private rear access for the detached studio. Parking is ample for up to six vehicles, with additional space suitable for an RV or boat. Set on elevated ground, the property also includes a detached efficiency that may appeal to tenants seeking additional separation and privacy within a triplex arrangement.
Located on a low-traffic street in East Hollywood, the property is minutes from downtown Hollywood, the golden beaches, Fort Lauderdale International Airport, and the Hard Rock. Each unit is currently tenant occupied on a month-to-month basis, providing flexibility for an owner-operator or investor.
The configuration supports a range of use cases, including short-term rental operation or long-term tenancy, based on the provided unit mix and private rear access for the detached studio. Parking is ample for up to six vehicles, with additional space suitable for an RV or boat. Set on elevated ground, the property also includes a detached efficiency that may appeal to tenants seeking additional separation and privacy within a triplex arrangement.
Key Highlights
- Remodeled 3‑unit triplex with 2BR/1BA, 1BR/1BA, and detached remodeled studio efficiency
- New AC units installed in each rental unit
- Approximately 2,000 sq ft under roof with 1,611 sq ft of living space
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
$27,790
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
4.18%
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%
$555,800
$555.8K
Cap Rate 7%
$397,000
$397.0K
Cap Rate 9%
$308,778
$308.8K
Market Conditions
NOI Build-Up for 1,551 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
$41.9K $27.00/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$39.7K $25.60/SF
− OpEx
−$11.9K −$7.68/SF
NOI
$27.8K $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%
$555,800
Cap Rate 7%
$397,000
Cap Rate 9%
$308,778
Alternative Uses
Best Use
Multifamily LT 5
$397.0K
$347.4K – $463.2K
NOI $27,790 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$369.3K
$323.2K – $430.9K
NOI $25,852 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$606.8K
$530.9K – $707.9K
NOI $42,473 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,224
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
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Frequently Asked Questions
What type of property is this?
Triplex - Remodeled triplex with separate unit layouts, new ACs, and ample parking for up to six vehicles, including RV or boat space.
Where is this triplex located?
The property is located at 2620 Harding St Hollywood, FL.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Remodeled 3‑unit triplex with 2BR/1BA, 1BR/1BA, and detached remodeled studio efficiency; New AC units installed in each rental unit; Approximately 2,000 sq ft under roof with 1,611 sq ft of living space
