Triplex Property with Two
For Sale
$490,000
Pending
5718 Mckinley St, Hollywood, FL 33021
Residential Income, Hollywood, FL
Property Size2,610 SF
Lot Size0.50 Acres
Days on Market42
Property Features for 5718 Mckinley St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-9
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1
Parking
8
Subdivision
HOLLYWOOD COUNTRY ESTATES
Standard status
Pending
APN
514112100860
Size
2,610 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD COUNTRY ESTATES 24-9 B LOT 30 W1/2 BLK 3
Tax Annual Amount
11391
Legal Description
HOLLYWOOD COUNTRY ESTATES 24-9 B LOT 30 W1/2 BLK 3
Utilities
Sewer type
Septic Tank
Cooling system
Electric
Building Details
Year built
1953
Floors in Building
1
Building materials
Block
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Christopher Lekas · License #3217748
(954) 290-3983
Added: Jul 18
Changed: Aug 27
Last Checked: Aug 28 at 8:06AM
MLS# A12052945
Copyright © 2026 Miami REALTORS®. 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 triplex property consists of two separate structures totaling 2,610 square feet on a half-acre lot. The improvements date to 1953 and use block construction, electric cooling, and a septic tank. The interior layout includes four bedrooms and three bathrooms. The property requires a complete remodel, and the front house has fire damage.
Located in Hollywood, Florida, the offering is limited to cash buyers. The two-structure configuration and existing residential layout provide the key physical characteristics of this multifamily asset, subject to the substantial renovation work described above.
Located in Hollywood, Florida, the offering is limited to cash buyers. The two-structure configuration and existing residential layout provide the key physical characteristics of this multifamily asset, subject to the substantial renovation work described above.
Key Highlights
- Two separate structures on a half‑acre lot
- 2,610 square feet of total property size
- Triplex classification with four bedrooms and three bathrooms
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
$43,503
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
8.88%
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%
$870,060
$870.1K
Cap Rate 7%
$621,471
$621.5K
Cap Rate 9%
$483,367
$483.4K
Market Conditions
NOI Build-Up for 2,610 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
$83.0K $31.80/SF
− Vacancy
−$3.9K −$1.49/SF
EGI
$79.1K $30.31/SF
− OpEx
−$35.6K −$13.64/SF
NOI
$43.5K $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%
$870,060
Cap Rate 7%
$621,471
Cap Rate 9%
$483,367
Alternative Uses
Best Use
Multifamily LT 5
$668.1K
$584.6K – $779.4K
NOI $46,764 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$621.5K
$543.8K – $725.1K
NOI $43,503 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$1.02M
$893.4K – $1.19M
NOI $71,472 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
973
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?
Triplex - Two-building asset requiring a complete remodel, with fire damage affecting the front house.
Where is this triplex located?
The property is located at 5718 Mckinley St Hollywood, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two separate structures on a half‑acre lot; 2,610 square feet of total property size; Triplex classification with four bedrooms and three bathrooms
