Updated
For Sale
$679,000
5814 Cleveland Street, Hollywood, FL 33021
Separate electric and water meters serve the tenant-occupied property.
Property Size1,703 SF
Price / SF$398.71
Days on Market16
Property Features for 5814 Cleveland Street
General Information
Standard status
Active
Size
1,703 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
sealed driveways
storage sheds
Building Details
Year Built
1963
Listing Agency:
The Keyes Company
(954) 467-0105
Listed By:
Ricardo D Acuna · License #3223738
(954) 591-3811
Source:
Lehmannflorida
Added: Oct 6
Changed: Oct 21
Last Checked: Oct 20 at 11:04PM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
This 1,703-square-foot duplex was built in 1963 and has tenants in place. Improvements include remodeled kitchens, new appliances, updated electrical panels, and a freshly painted exterior. The roof was replaced in 2024, and the two-bedroom unit received new central A/C in 2023. Sealed driveways and storage sheds are also part of the property. Electric and water meters are separate for each unit.
The property is in Hollywood, Florida, near Seminole Hard Rock Hotel & Casino, Hollywood Beach, and Fort Lauderdale-Hollywood International Airport.
The property is in Hollywood, Florida, near Seminole Hard Rock Hotel & Casino, Hollywood Beach, and Fort Lauderdale-Hollywood International Airport.
Key Highlights
- 1,703‑square‑foot duplex with tenants in place
- New roof installed in 2024
- New central A/C in the 2BR unit in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,513
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,260
$610.3K
Cap Rate 7%
$435,900
$435.9K
Cap Rate 9%
$339,033
$339.0K
Market Conditions
NOI Build-Up for 1,703 SF
Gross rent
$46.0K $27.00/SF
− Vacancy
−$2.4K −$1.40/SF
EGI
$43.6K $25.60/SF
− OpEx
−$13.1K −$7.68/SF
NOI
$30.5K $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 Rate 5%
$610,260
Cap Rate 7%
$435,900
Cap Rate 9%
$339,033
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.4K – $508.6K
NOI $30,513 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,386 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$666.2K
$582.9K – $777.3K
NOI $46,635 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water meters serve the tenant-occupied property.
Where is this duplex located?
The property is located at 5814 Cleveland Street Hollywood, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 1,703‑square‑foot duplex with tenants in place; New roof installed in 2024; New central A/C in the 2BR unit in 2023
