Renovated Duplex with Two
For Sale
$750,000
5721 Fillmore Street, Hollywood, FL 33021
Residential Income, Hollywood, FL
Property Size1,796 SF
Lot Size0.21 Acres
Price / SF$417.59
Days on Market171
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
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 5, Bathroom 2, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 3
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
Electric (Heating), Central
Cooling system
Window Unit(s), Electric, Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
4
Flooring type
Concrete, Wood, Clay, Tile
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: Sep 20
Last Checked: Oct 1 at 7:06PM
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 property includes two residences on a 0.21-acre lot, with a combined property size of 1,796 square feet. Both homes have been fully renovated and are maintained for ongoing occupancy. The 1957 construction uses CBS, concrete, and stucco, with wood, clay, tile, and concrete flooring. Heating and cooling features include central systems, electric service, window or wall units, and ceiling fans. A deck provides outdoor space.
Located at 5721 Fillmore Street in Hollywood, the property is served by public water and public sewer, with cable available. The RM-9 zoning designation and existing two-home configuration support its current residential income use. Long-term tenants are in place, and the residences currently generate rental income below full market value.
Located at 5721 Fillmore Street in Hollywood, the property is served by public water and public sewer, with cable available. The RM-9 zoning designation and existing two-home configuration support its current residential income use. Long-term tenants are in place, and the residences currently generate rental income below full market value.
Key Highlights
- Two residences on a 0.21‑acre lot
- Combined property size of 1,796 square feet
- Fully renovated homes with long‑term tenants
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,478
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences share one lot with public water and sewer service.
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: Two residences on a 0.21‑acre lot; Combined property size of 1,796 square feet; Fully renovated homes with long‑term tenants
