Well-Maintained Duplex with Private
For Sale
Contact for pricing
5830 Garfield Street, Hollywood, FL 33021
Duplex offers two 2-bedroom, 2-bath residences with private entrances, separate utilities, and updated interiors.
Property Size1,916 SF
Price / SF$383.61
Days on Market77
Property Features for 5830 Garfield Street
General Information
Standard status
Active
Size
1,916 SF
Property subtype
Multifamily
Zoning
SR7 RM-18
Additional Details
Multifamily Units
2
Amenities
private entrances
separate driveway
updated kitchen
durable tile flooring
separate laundry/storage room
separate electric and water meters
oversized backyard
Building Details
Year Built
1968
Units
2
Listing Agency:
New Castle Realty Inc #1
Listed By:
Dorothea Miller · License #498049
Source:
Crexi
Added: Jun 24
Changed: Sep 7
Last Checked: Sep 8 at 4:15AM
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 New Castle Realty Inc #1
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate 2-bedroom, 2-bath residences. Each unit has its own private entrance and a dedicated driveway, and both feature updated kitchen finishes and durable tile flooring. Additional practical features include a separate laundry/storage room for each residence.
The property has separate electric and water meters, providing clear utility separation between the two units. An oversized backyard offers outdoor space.
The duplex is described as neat, clean, and move-in ready, positioned for convenient access to area amenities.
The property has separate electric and water meters, providing clear utility separation between the two units. An oversized backyard offers outdoor space.
The duplex is described as neat, clean, and move-in ready, positioned for convenient access to area amenities.
Key Highlights
- Well‑maintained duplex built in 1968 with two 2‑bedroom, 2‑bath residences
- Each unit has its own private entrance and separate driveway
- Separate electric and water meters for each residence
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
$34,329
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
4.67%
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%
$686,580
$686.6K
Cap Rate 7%
$490,414
$490.4K
Cap Rate 9%
$381,433
$381.4K
Market Conditions
NOI Build-Up for 1,916 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
$51.7K $27.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$49.0K $25.60/SF
− OpEx
−$14.7K −$7.68/SF
NOI
$34.3K $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%
$686,580
Cap Rate 7%
$490,414
Cap Rate 9%
$381,433
Alternative Uses
Best Use
Multifamily LT 5
$490.4K
$429.1K – $572.2K
NOI $34,329 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$456.2K
$399.2K – $532.3K
NOI $31,936 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$749.5K
$655.9K – $874.5K
NOI $52,468 @ 7.0% cap · market cap 7.14%
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
958
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?
Duplex - Duplex offers two 2-bedroom, 2-bath residences with private entrances, separate utilities, and updated interiors.
Where is this duplex located?
The property is located at 5830 Garfield Street Hollywood, FL.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1968 with two 2‑bedroom, 2‑bath residences; Each unit has its own private entrance and separate driveway; Separate electric and water meters for each residence
