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Duplex Investment Opportunity

5844-5846 Pierce Street Hollywood, FL 33021

Claim this Listing
For Sale
$669,000

Well-maintained duplex with strong rental income potential in a desirable location.

Type:Multi-Family Income / Duplex
Property size:
2,879 SF
Price / SF:
$232.37/SF
Added:
May 26, 2026
Days on Market:
50
Last Refresh:
May 27 at 7:54 am

Property Features for 5844-5846 Pierce Street

General Information

Standard status
Active
Size
2,879 SF
Property subtype
Multi-Family Income / Duplex

Building Details

Year Built
1973

Listing office RE/MAX 5 Star Realty

Listing date May 26, 2026

Source Compass

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 RE/MAX 5 Star Realty


Investment Insights

Based on property information with market context.

This well-maintained duplex presents an investment opportunity with income potential. Located on a corner lot, the property contains two units, each featuring 3 bedrooms and 2 bathrooms, along with private outdoor space. Both units are currently tenant-occupied on a month-to-month basis. One unit features a spacious living room and an eat-in kitchen equipped with granite countertops, a pantry, and ample cabinet space. Tile flooring is present throughout this unit, and one bedroom includes an oversized closet. Additional features include an open front porch, in-unit washer and dryer, hurricane shutters, parking for two vehicles, and a private backyard. The second unit is freshly painted and includes all tile flooring, an open kitchen with pass-through and bar stool seating, black countertops, white cabinetry, and central A/C. This unit also has hurricane shutters, in-unit washer and dryer, a storage unit, a private backyard, and parking for two vehicles. The property size is 2879 square feet.

Key Highlights

  • Strong rental income potential from two tenant‑occupied units.
  • Two spacious units, each featuring 3 bedrooms and 2 bathrooms.
  • Private outdoor space: Each unit includes its own private backyard.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $77.7k $27.00
− Vacancy −$4.0k −$1.40
EGI $73.7k $25.60
− OpEx −$22.1k −$7.68
NOI $51.6k $17.92
2,879 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$736.9K
$644.8K – $859.7K (±1% cap)
NOI $51,584 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$685.5K
$599.8K – $799.8K (±1% cap)
NOI $47,987 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.13M
$985.5K – $1.31M (±1% cap)
NOI $78,839 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Dental Office Gym & Fitness Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Veterinary Clinic Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex with strong rental income potential in a desirable location.
Where is this duplex located?
The property is located at 5844-5846 Pierce Street Hollywood, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Strong rental income potential from two tenant‑occupied units.; Two spacious units, each featuring 3 bedrooms and 2 bathrooms.; Private outdoor space: Each unit includes its own private backyard.
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