Renovated Duplex with
For Sale
$750,000
5721 Fillmore Street, Hollywood, FL 33021
MULTI_FAMILY - Hollywood, FL
Property Size1,796 SF
Lot Size0.21 Acres
Price / SF$417.59
Days on Market124
Property Features for 5721 Fillmore Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-9
Bedrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 5
Patio and Porch features
Deck
Pets allowed
Yes, Size Limit
Subdivision
HOLLYWOOD BEACH GARDENS
Lot features
Fruit Tree(s)
Elementary school
West Hollywood
Middle school
Olsen
High school
South Broward
Standard status
Active
APN
514113022430
Size
1,796 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD BEACH GARDENS CORR PLAT 10-14 B LOT 13 BLK 23
Tax Annual Amount
10687
Legal Description
HOLLYWOOD BEACH GARDENS CORR PLAT 10-14 B LOT 13 BLK 23
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Window Unit(s), Central Air, Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
4
Flooring type
Wood, Concrete, Tile, Clay
Building materials
CBS, Concrete, Stucco
Roof type
Flat
Listing Agency:
Sunny Beautiful Homes Inc.
(954) 559-8428
Listed By:
Sunil Ramchandani · License #3266161
(954) 226-4076
Added: Apr 14
Changed: Aug 5
Last Checked: Aug 15 at 4:06AM
MLS# B26015191
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.
This duplex features two homes on one lot, with both residences fully renovated and maintained. The property was built in 1957 and includes a deck as outdoor space. Interior finishes include a mix of clay, tile, concrete, and wood flooring, along with multiple bedrooms and bathrooms across the two residences.
Construction materials are listed as CBS, concrete, and stucco, with a flat roof. Heating is electric, including central options, and cooling includes wall/window unit(s) and ceiling fans, as well as central air. Utilities include cable available, with public water and public sewer.
Set in RM-9 zoning, this duplex sits on a 0.21-acre lot and totals 1,796 square feet of property size as provided.
Construction materials are listed as CBS, concrete, and stucco, with a flat roof. Heating is electric, including central options, and cooling includes wall/window unit(s) and ceiling fans, as well as central air. Utilities include cable available, with public water and public sewer.
Set in RM-9 zoning, this duplex sits on a 0.21-acre lot and totals 1,796 square feet of property size as provided.
Key Highlights
- 0.21‑acre lot with two homes on one lot
- 1,796 SF duplex with two fully renovated residences
- RM‑9 zoning
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
$32,179
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
4.29%
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%
$643,580
$643.6K
Cap Rate 7%
$459,700
$459.7K
Cap Rate 9%
$357,544
$357.5K
Market Conditions
NOI Build-Up for 1,796 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
$48.5K $27.00/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$46.0K $25.60/SF
− OpEx
−$13.8K −$7.68/SF
NOI
$32.2K $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%
$643,580
Cap Rate 7%
$459,700
Cap Rate 9%
$357,544
Alternative Uses
Best Use
Multifamily LT 5
$459.7K
$402.2K – $536.3K
NOI $32,179 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$427.7K
$374.2K – $498.9K
NOI $29,936 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$702.6K
$614.8K – $819.7K
NOI $49,182 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,429
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two fully renovated residences on one lot in RM-9 zoning, with a deck and utilities including public water and public sewer.
Where is this duplex located?
The property is located at 5721 Fillmore Street Hollywood, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 0.21‑acre lot with two homes on one lot; 1,796 SF duplex with two fully renovated residences; RM‑9 zoning
