Updated Duplex with Spacious
For Sale
$600,000
5851-5853 Fillmore Street, Hollywood, FL 33021
Two residences feature renovated interiors, dedicated laundry, central air, and separate parking arrangements.
Property Size3,214 SF
Price / SF$186.68
Days on Market99
Property Features for 5851-5853 Fillmore Street
General Information
Standard status
Active
Size
3,214 SF
Property subtype
Multi-Family Income / Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,880
Amenities
impact windows
central A/C
tankless water heater
laundry room with washer and dryer
tile flooring
granite countertops
stainless steel appliances
den/sitting area
Building Details
Year Built
1954
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
Alejandro Bruno · License #3118923
(954) 361-0000
Source:
Compass
Added: May 25
Changed: Aug 30
Last Checked: Aug 30 at 1:41PM
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 duplex, built in 1954, includes two residences with distinct layouts and updated interiors. The 5853 side was reconfigured from a three-bedroom, two-bath design into a two-bedroom, two-bath residence with oversized living areas. Its kitchen includes large islands, new cabinetry, stainless steel appliances, and extensive storage. Additional improvements include impact windows, a new central A/C system, renovated bathrooms, a tankless water heater, and a dedicated laundry room with washer and dryer.
The 5851 residence provides two bedrooms and one-and-a-half baths, with tile flooring throughout, an ensuite primary bedroom with two closets, a den or sitting area, and in-unit laundry. Its kitchen includes granite counters, an island with seating for four, a double sink, stove, and refrigerator. The property is located at 5851-5853 Fillmore Street in Hollywood, Florida, with parking for three vehicles at 5853 and two vehicles at 5851.
The 5851 residence provides two bedrooms and one-and-a-half baths, with tile flooring throughout, an ensuite primary bedroom with two closets, a den or sitting area, and in-unit laundry. Its kitchen includes granite counters, an island with seating for four, a double sink, stove, and refrigerator. The property is located at 5851-5853 Fillmore Street in Hollywood, Florida, with parking for three vehicles at 5853 and two vehicles at 5851.
Key Highlights
- Two residences at 5851‑5853 Fillmore Street, built in 1954
- 5853 offers a 2‑bedroom, 2‑bath layout with oversized living areas
- 5853 kitchen includes large islands, new cabinetry, stainless steel appliances, and substantial storage
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
$53,571
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
8.93%
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%
$1,071,420
$1.1M
Cap Rate 7%
$765,300
$765.3K
Cap Rate 9%
$595,233
$595.2K
Market Conditions
NOI Build-Up for 3,214 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
$102.2K $31.80/SF
− Vacancy
−$4.8K −$1.49/SF
EGI
$97.4K $30.31/SF
− OpEx
−$43.8K −$13.64/SF
NOI
$53.6K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,071,420
Cap Rate 7%
$765,300
Cap Rate 9%
$595,233
Alternative Uses
Best Use
Multifamily LT 5
$822.7K
$719.8K – $959.8K
NOI $57,586 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$765.3K
$669.6K – $892.9K
NOI $53,571 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,012 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,487
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature renovated interiors, dedicated laundry, central air, and separate parking arrangements.
Where is this duplex located?
The property is located at 5851-5853 Fillmore Street Hollywood, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two residences at 5851‑5853 Fillmore Street, built in 1954; 5853 offers a 2‑bedroom, 2‑bath layout with oversized living areas; 5853 kitchen includes large islands, new cabinetry, stainless steel appliances, and substantial storage
