Duplex Investment
5844-5846 Pierce Street Hollywood, FL 33021
For Sale
$669,000
Pending
Well-maintained duplex with strong rental income potential in a desirable location.
Property Size2,879 SF
Days on Market63
Property Features for 5844-5846 Pierce Street
General Information
Standard status
Pending
Size
2,879 SF
Property subtype
Multi-Family Income / Duplex
Building Details
Year Built
1973
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
Alejandro Bruno · License #3118923
(954) 361-0000
Source:
Compass
Added: May 26
Changed: Jul 10
Last Checked: Jul 26 at 3:46PM
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.
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
NOI $51,584 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$685.5K
$599.8K – $799.8K
NOI $47,987 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.13M
$985.5K – $1.31M
NOI $78,839 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
