Remodeled Corner Duplex with
5647 Lincoln St #1-2 Hollywood, FL 33021
For Sale
Contact for pricing
Remodeled two-unit corner duplex with two 2-bedroom, 1-bath residences, shared laundry, and ample parking.
Property Size1,621 SF
Price / SF$388.59
Days on Market197
Property Features for 5647 Lincoln St #1-2
General Information
- Standard status
- Active
- Size
- 1,621 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing Agency:
Lenson Realty
Listed By:
Tiina Collins · License #0612936
Source:
Crexi
Added: Jan 8
Changed: Jul 21
Last Checked: Jul 23 at 8:20AM
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 Lenson Realty
Investment Insights
Based on property information with market context.
Remodeled corner duplex featuring two separate 2-bedroom, 1-bath units. Each unit includes updated finishes with new tile flooring and stainless steel kitchen appliances. A shared laundry room is provided with a new full-size washer and dryer. The front unit has central A/C, while minisplit A/C units are installed in all bedrooms. There are two separate electric meters and one water meter on the property. HVAC is listed as 2020, and the tankless units are listed as 2018 and 2020.
Parking is available in the front and on the side for residents and guests, with an additional enclosed, gated area behind the units that can accommodate a boat or motorcycle. The rear unit includes a large private enclosed backyard with a pergola and artificial grass for low maintenance. One bedroom has a private entry, which the property information notes can function as an office.
Both units are currently rented on an annual basis. The front unit lease expires February 19, and the rear unit lease expires June 16. The property is presented as having no HOA and includes a last roof permit dated 5/18/18 with useful life noted as 15 to 20 years.
Parking is available in the front and on the side for residents and guests, with an additional enclosed, gated area behind the units that can accommodate a boat or motorcycle. The rear unit includes a large private enclosed backyard with a pergola and artificial grass for low maintenance. One bedroom has a private entry, which the property information notes can function as an office.
Both units are currently rented on an annual basis. The front unit lease expires February 19, and the rear unit lease expires June 16. The property is presented as having no HOA and includes a last roof permit dated 5/18/18 with useful life noted as 15 to 20 years.
Key Highlights
- Remodeled 1973 corner duplex with two 2‑bedroom, 1‑bath units (2 units total).
- Currently rented at $2,500/month each on annual leases (front lease expires Feb 19; rear lease expires June 16).
- Two separate electric meters and 1 water meter; no HOA.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.8k | $27.00 |
| − Vacancy | −$2.3k | −$1.40 |
| EGI | $41.5k | $25.60 |
| − OpEx | −$12.4k | −$7.68 |
| NOI | $29.0k | $17.92 |
1,621 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.9K
$363.1K – $484.1K
NOI $29,044 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$386.0K
$337.7K – $450.3K
NOI $27,019 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$634.1K
$554.9K – $739.8K
NOI $44,389 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Remodeled two-unit corner duplex with two 2-bedroom, 1-bath residences, shared laundry, and ample parking.
Where is this duplex located?
The property is located at 5647 Lincoln St #1-2 Hollywood, FL.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Remodeled 1973 corner duplex with two 2‑bedroom, 1‑bath units (2 units total).; Currently rented at $2,500/month each on annual leases (front lease expires Feb 19; rear lease expires June 16).; Two separate electric meters and 1 water meter; no HOA.
