Renovated Fourplex with Impact
For Sale
Under Contract
$695,000
6220 Dawson St, Hollywood, FL 33023
Residential Income, Hollywood, FL
Property Size1,571 SF
Price / SF$442.39
Days on Market42
Property Features for 6220 Dawson St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RS-6
Bedrooms
2
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 1
Parking
5
Subdivision
BEVERLY PARK
Lot features
< 1/4 Acre
Standard status
Active Under Contract
APN
514124142861
Size
1,571 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BEVERLY PARK 25-44 B LOT 15 BLK 15
Tax Annual Amount
12938
Legal Description
BEVERLY PARK 25-44 B LOT 15 BLK 15
Utilities
Sewer type
Septic Tank
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1995
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Adrienne Rodrigues · License #3305973
(954) 888-8288
Added: Jul 18
Changed: Aug 26
Last Checked: Aug 28 at 8:06AM
MLS# A11987395
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,571-square-foot fourplex in Hollywood was built in 1995 with block construction and has been previously renovated. Interior features include granite countertops and tile flooring, with concrete flooring also present. Each unit has impact windows, while cooling is provided by window or wall/window units. The property has a shingle roof and septic tank sewer service.
The property is located near major highways and the Seminole Hard Rock Hotel & Casino. Its zoning supports between two and nine units, providing a defined multifamily framework for the existing four-unit configuration.
The property is located near major highways and the Seminole Hard Rock Hotel & Casino. Its zoning supports between two and nine units, providing a defined multifamily framework for the existing four-unit configuration.
Key Highlights
- 1,571‑square‑foot fourplex built in 1995
- Zoned for 2‑9 units
- Impact windows installed in all units
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
Lease Details
4
Residential units
Yes
Highway access
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 - Four-unit rental property with updated finishes, impact windows, and zoning that permits two to nine units.
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: 1,571‑square‑foot fourplex built in 1995; Zoned for 2‑9 units; Impact windows installed in all units
