Turnkey Duplex with Impact
For Sale
$499,900
5521 SW 34th Street, Hollywood, FL 33023
MULTI_FAMILY - Hollywood, FL
Property Size1,384 SF
Price / SF$361.20
Days on Market49
Property Features for 5521 SW 34th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-5
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4
Window features
Storm Window(s)
Pets allowed
No, Yes
Fencing
Fenced
Subdivision
LEE-MILL SUB
Elementary school
Watkins
Middle school
McNicol
High school
Hallandale
Standard status
Active
APN
514230120230
Size
1,384 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LEE-MILL SUB 50-25 B LOT 7 BLK 3
Tax Annual Amount
5434
Legal Description
LEE-MILL SUB 50-25 B LOT 7 BLK 3
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private fenced backyard
washer and dryer in each unit
impact windows
individual water meters
Building Details
Year built
1961
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Building materials
CBS
Roof type
Shingle
Listing Agency:
Bank On It Realty
(954) 515-0030
Listed By:
Eugene J Schroeder · License #687483
(954) 816-4363
Added: Jun 29
Changed: Aug 15
Last Checked: Aug 16 at 3:06PM
MLS# B26046491
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.
5521 SW 34th Street in Hollywood, FL presents a turnkey, fully rented duplex with two two-bedroom, one-bath units. The property is designed for day-to-day convenience with individual water meters, central heating, and central air conditioning for the units. Flooring is vinyl, and the exterior is constructed with CBS. A private fenced backyard adds outdoor space, and each unit has two dedicated parking spaces.
Updates completed with permits include impact windows, a roof replacement, and both A/C systems. Each unit includes a washer and dryer, and tenants pay all utilities.
The duplex is located across from McTyre Park and is served by public water and public sewer. The building was constructed in 1961 and is available as a straightforward owner-occupant or investor purchase.
Updates completed with permits include impact windows, a roof replacement, and both A/C systems. Each unit includes a washer and dryer, and tenants pay all utilities.
The duplex is located across from McTyre Park and is served by public water and public sewer. The building was constructed in 1961 and is available as a straightforward owner-occupant or investor purchase.
Key Highlights
- Impact windows plus permitted roof replacement and both A/C systems
- Two two‑bedroom, one‑bath units, fully rented and turnkey
- Individual water meters and tenants pay all utilities
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
$24,797
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
4.96%
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%
$495,940
$495.9K
Cap Rate 7%
$354,243
$354.2K
Cap Rate 9%
$275,522
$275.5K
Market Conditions
NOI Build-Up for 1,384 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
$37.4K $27.00/SF
− Vacancy
−$1.9K −$1.40/SF
EGI
$35.4K $25.60/SF
− OpEx
−$10.6K −$7.68/SF
NOI
$24.8K $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%
$495,940
Cap Rate 7%
$354,243
Cap Rate 9%
$275,522
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$310.0K – $413.3K
NOI $24,797 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$329.5K
$288.4K – $384.5K
NOI $23,068 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$541.4K
$473.7K – $631.7K
NOI $37,899 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
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 - Turnkey duplex in R-5 zoning with impact windows, individual water meters, and two leased two-bedroom units.
Where is this duplex located?
The property is located at 5521 SW 34th Street Hollywood, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Impact windows plus permitted roof replacement and both A/C systems; Two two‑bedroom, one‑bath units, fully rented and turnkey; Individual water meters and tenants pay all utilities
