Updated Duplex with Impact
For Sale
Under Contract
$499,900
5521 SW 34th Street, Hollywood, FL 33023
Residential Income, Hollywood, FL
Property Size1,384 SF
Price / SF$361.20
Days on Market129
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
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
Window features
Storm Window(s)
Pets allowed
Yes, No
Fencing
Fenced
Subdivision
LEE-MILL SUB
Elementary school
Watkins
Middle school
McNicol
High school
Hallandale
Standard status
Active Under Contract
APN
514230120230
Size
1,384 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water
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
washer and dryer
private fenced backyard
Building Details
Year built
1961
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
CBS
Roof type
Shingle
Buildings
1
Listing Agency:
Bank On It Realty
(954) 515-0030
Listed By:
Eugene J Schroeder · License #687483
(954) 816-4363
Added: Jun 29
Changed: Oct 31
Last Checked: Nov 4 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,384-square-foot duplex contains two 2-bedroom, 1-bath units, each equipped with a washer and dryer. Both residences are leased, with terms extending through February 2027 for Unit 1 and July 2027 for Unit 2. The property has vinyl flooring, central heating and central air, a shingle roof, impact windows, and a fenced backyard. Each unit includes two dedicated parking spaces, while individual water meters allow separate utility measurement. Tenants pay all utilities. Updates to the impact windows, roof, and both air-conditioning systems were completed with permits in 2016. Built in 1961, the property is zoned R-5 and located at 5521 SW 34th Street in Hollywood, across from McTyre Park. Public water and sewer serve the property.
Key Highlights
- Two 2‑bedroom, 1‑bath units within a 1,384‑square‑foot duplex
- Both units are leased through February 2027 and July 2027
- Permitted 2016 improvements include impact windows, roof, and both A/C systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,797
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Leased duplex with two separately metered units, in-unit laundry, dedicated parking, and a fenced backyard.
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: Two 2‑bedroom, 1‑bath units within a 1,384‑square‑foot duplex; Both units are leased through February 2027 and July 2027; Permitted 2016 improvements include impact windows, roof, and both A/C systems
