Five-Unit Apartment Building with
For Sale
$900,000
411 Columbus Parkway, Hollywood, FL 33021
MULTI_FAMILY - Hollywood, FL
Property Size2,235 SF
Lot Size0.62 Acres
Price / SF$402.68
Days on Market170
Property Features for 411 Columbus Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SR7 RM-18
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3
Directions
FROM I-95 TAKE EXIT 20 HOLLYWOOD BOULEVARD, GO WEST. MAKE A RIGHT (NORTH) ON N 58TH AVE, GO RIGHT ON THE 7TH EXIT IN THE ROUND ABOUT ON COLUMBUS PKWY. PROPERTY WILL BE ON THE RIGHT.
Subdivision
3070
Standard status
Active
APN
514113030350
Size
2,235 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD BEACH GARDENS 1ST ADD 10-15 B LOTS 3 TO 5 BLK 29
Tax Annual Amount
13473
Legal Description
HOLLYWOOD BEACH GARDENS 1ST ADD 10-15 B LOTS 3 TO 5 BLK 29
Utilities
Sewer type
Septic Tank
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
laundry room
Building Details
Year built
1959
Floors in Building
1
Number of units
5
Flooring type
Tile - Ceramic
Building materials
CBS
Roof type
Composition
Listing Agency:
The Keyes Company
(561) 750-1000
Listed By:
Federico Rochwerger PA · License #3014927
(561) 866-9616
Added: Feb 18
Changed: Aug 5
Last Checked: Aug 7 at 2:06AM
MLS# R11164600
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 five-unit apartment building is configured with two studios and three 1/1 units. The property includes an on-site laundry room with a coin-operated washer/dryer, with the machines noted as leased. Interior finishes include ceramic tile flooring, and cooling is provided via wall/window units. Constructed with CBS (concrete block stucco) materials, the building was built in 1959 and has a composition roof.
The site is 0.62 acres at 411 Columbus Parkway in Hollywood, Florida (33021), about 2 miles from I-95. Zoning is SR7 RM-18, and the listing notes redevelopment potential with a density of up to 18 DU/acre. The property is served by public water and a septic tank for sewer.
The offering is described as both an as-is operation with long-term tenants and as a redevelopment candidate, including the possibility of being sold together with a duplex at 2322 Johnson Street for a combined total of 7 units on 0.86 acres.
The site is 0.62 acres at 411 Columbus Parkway in Hollywood, Florida (33021), about 2 miles from I-95. Zoning is SR7 RM-18, and the listing notes redevelopment potential with a density of up to 18 DU/acre. The property is served by public water and a septic tank for sewer.
The offering is described as both an as-is operation with long-term tenants and as a redevelopment candidate, including the possibility of being sold together with a duplex at 2322 Johnson Street for a combined total of 7 units on 0.86 acres.
Key Highlights
- Five multifamily units: two studios and three 1/1 units
- On‑site laundry room with coin‑operated washer/dryer (leased machines)
- Zoned SR7 RM‑18; redevelopment density up to 18 DU/acre
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
$37,253
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
4.14%
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%
$745,060
$745.1K
Cap Rate 7%
$532,186
$532.2K
Cap Rate 9%
$413,922
$413.9K
Market Conditions
NOI Build-Up for 2,235 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
$71.1K $31.80/SF
− Vacancy
−$3.3K −$1.49/SF
EGI
$67.7K $30.31/SF
− OpEx
−$30.5K −$13.64/SF
NOI
$37.3K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$745,060
Cap Rate 7%
$532,186
Cap Rate 9%
$413,922
Alternative Uses
Best Use
Apartment 5plus
$532.2K
$465.7K – $620.9K
NOI $37,253 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$874.3K
$765.0K – $1.02M
NOI $61,203 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
Explore this area
Business Placement
Demographics for 33021, FL
50,091
Population
21,930
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
5,692
Density / Sq Mi
$69,249
Median Household Income
$41,390
Median Earnings
$1,707
Median Rent
$395,800
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?
Apartment building - Five multifamily units with on-site coin-operated washer/dryer in a SR7 RM-18 zoning district.
Where is this apartment building located?
The property is located at 411 Columbus Parkway Hollywood, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Five multifamily units: two studios and three 1/1 units; On‑site laundry room with coin‑operated washer/dryer (leased machines); Zoned SR7 RM‑18; redevelopment density up to 18 DU/acre
