Income-Producing Fourplex Near Hard
For Sale
$695,000
Pending
6220 Dawson St, Hollywood, FL 33023
Renovated fourplex with development potential in high-demand rental area.
Property Size1,571 SF
Days on Market157
Property Features for 6220 Dawson St
General Information
Standard status
Pending
Size
1,571 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$12,938
Building Details
Building Size
1,571 SF
Year Built
1995
Stories
1
Units
4
Listing Agency:
EXP REALTY LLC
(954) 888-8288
Listed By:
Adrienne Rodrigues · License #3305973
(954) 888-8288
Source:
Elliman
Added: Mar 25
Changed: Aug 8
Last Checked: Jul 23 at 11:46AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This income-producing fourplex is located in a high-demand rental corridor and is zoned for 2–9 units, offering both immediate cash flow and future development possibilities. The property has been previously renovated and features granite countertops and tile flooring throughout, providing durability and low maintenance. It is suitable for long-term holds or short-term rental strategies. One of the studio units includes an oversized closet. All units are equipped with impact windows, offering enhanced storm protection and potential insurance savings. The property is strategically positioned near major highways and the Seminole Hard Rock Hotel & Casino, attracting a consistent tenant base, including hospitality workers and commuters.
Key Highlights
- Income‑producing fourplex in a high‑demand rental area
- Zoned for 2‑9 units, offering future development potential
- Renovated with granite countertops and tile flooring for durability and low maintenance
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
$28,148
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
4.05%
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%
$562,960
$563.0K
Cap Rate 7%
$402,114
$402.1K
Cap Rate 9%
$312,756
$312.8K
Market Conditions
NOI Build-Up for 1,571 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
$42.4K $27.00/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$40.2K $25.60/SF
− OpEx
−$12.1K −$7.68/SF
NOI
$28.1K $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%
$562,960
Cap Rate 7%
$402,114
Cap Rate 9%
$312,756
Alternative Uses
Best Use
Multifamily LT 5
$402.1K
$351.9K – $469.1K
NOI $28,148 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$374.1K
$327.3K – $436.4K
NOI $26,185 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$614.6K
$537.8K – $717.0K
NOI $43,020 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,781
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
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?
Quadplex - Renovated fourplex with development potential in high-demand rental area.
Where is this quadplex located?
The property is located at 6220 Dawson St Hollywood, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Income‑producing fourplex in a high‑demand rental area; Zoned for 2‑9 units, offering future development potential; Renovated with **granite countertops and tile flooring** for durability and low maintenance
