Turnkey Updated
For Sale
$499,900
5521 SW 34th Street Unit 1-2, Hollywood, FL 33023
Fully updated duplex with two 2/1 units, impact windows, private fenced backyards, and dedicated parking for each unit.
Property Size1,384 SF
Price / SF$361.20
Days on Market68
Property Features for 5521 SW 34th Street Unit 1-2
General Information
Standard status
Active
Size
1,384 SF
Total Parking Spaces
4
Property subtype
Duplex
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Amenities
private fenced backyard
Building Details
Year Built
1961
Tenancy
Multi
Listing Agency:
Bank On It Realty
(954) 515-0030
Listed By:
Eugene J Schroeder · License #687483
(954) 816-4363
Source:
Lehmannflorida
Added: Jun 29
Changed: Sep 3
Last Checked: Sep 2 at 5:02PM
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 Bank On It Realty
Investment Insights
Based on property information with market context.
This fully updated duplex offers two separate 2/1 units, each with its own private, fenced backyard. The property has been updated with permits, including impact windows, and each unit features modern, updated finishes.
The duplex is located across from McTyre Park and is described as just minutes from major highways, shopping, dining, schools, and public transportation.
With dedicated parking spaces for each unit, the layout is built for straightforward day-to-day living and low-maintenance operation.
The duplex is located across from McTyre Park and is described as just minutes from major highways, shopping, dining, schools, and public transportation.
With dedicated parking spaces for each unit, the layout is built for straightforward day-to-day living and low-maintenance operation.
Key Highlights
- Fully updated duplex built in 1961 with two 2/1 units
- 692 sq. ft. per unit, each with modern, updated finishes
- Impact windows installed with permits
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
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
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 - Fully updated duplex with two 2/1 units, impact windows, private fenced backyards, and dedicated parking for each unit.
Where is this duplex located?
The property is located at 5521 SW 34th Street Unit 1-2 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: Fully updated duplex built in 1961 with two 2/1 units; 692 sq. ft. per unit, each with modern, updated finishes; Impact windows installed with permits
