Duplex with Detached
For Sale
$625,000
2647 PIERCE Street, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size1,591 SF
Lot Size0.24 Acres
Price / SF$392.83
Days on Market11
Property Features for 2647 PIERCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-18
Bedrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1
Pets allowed
Yes, No, Dogs OK, Cats OK
Exterior features
Garden
Subdivision
HOLLYWOOD LITTLE RANCHES
Elementary school
Oakridge
Middle school
Olsen
High school
South Broward
Standard status
Active
APN
514216024810
Size
1,591 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD LITTLE RANCHES 1-26 B LOT 6 W1/2 BLK 35
Tax Annual Amount
7272
Legal Description
HOLLYWOOD LITTLE RANCHES 1-26 B LOT 6 W1/2 BLK 35
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Amenities
central air
Building Details
Year built
1951
Floors in Building
1
Number of units
2
Flooring type
Terrazzo, Tile
Building materials
CBS
Roof type
Tile, Shingle
Listing Agency:
The Keyes Company
(954) 893-1322
Listed By:
Steven Feldman · License #0648958
(954) 292-1303
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 28 at 7:06AM
MLS# B26065532
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 property includes a 2-bedroom, 1.5-bath residence and a detached 1-bedroom, 1-bath unit. The improvements total 1,591 square feet on a 0.24-acre lot and include central air in both residences, an attached 1-car garage, and a mix of terrazzo and tile flooring. The property was built in 1951 and has tile and shingle roofing.
Located at 2647 Pierce Street in Hollywood, the property is zoned RM-18 and served by public water and a septic tank. Parking is estimated at approximately 9-12 spaces. Both units are occupied under month-to-month tenancy, and the detached arrangement offers a distinct two-residence configuration.
Located at 2647 Pierce Street in Hollywood, the property is zoned RM-18 and served by public water and a septic tank. Parking is estimated at approximately 9-12 spaces. Both units are occupied under month-to-month tenancy, and the detached arrangement offers a distinct two-residence configuration.
Key Highlights
- Two‑residence configuration with a 2‑bedroom, 1.5‑bath unit and detached 1‑bedroom, 1‑bath unit
- 1,591 square feet on a 0.24‑acre lot
- Approximately 9‑12 parking spots plus an attached 1‑car garage
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
$28,506
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
4.56%
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%
$570,120
$570.1K
Cap Rate 7%
$407,229
$407.2K
Cap Rate 9%
$316,733
$316.7K
Market Conditions
NOI Build-Up for 1,591 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
$43.0K $27.00/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$40.7K $25.60/SF
− OpEx
−$12.2K −$7.68/SF
NOI
$28.5K $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%
$570,120
Cap Rate 7%
$407,229
Cap Rate 9%
$316,733
Alternative Uses
Best Use
Multifamily LT 5
$407.2K
$356.3K – $475.1K
NOI $28,506 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$378.8K
$331.5K – $442.0K
NOI $26,519 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$622.4K
$544.6K – $726.1K
NOI $43,568 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,286
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 - Two separate residences provide central air, ample parking, and month-to-month tenancy.
Where is this duplex located?
The property is located at 2647 PIERCE Street Hollywood, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑residence configuration with a 2‑bedroom, 1.5‑bath unit and detached 1‑bedroom, 1‑bath unit; 1,591 square feet on a 0.24‑acre lot; Approximately 9‑12 parking spots plus an attached 1‑car garage
