Two-Unit
New
For Sale
$605,000
6230 Grant St, Hollywood, FL 33024
Two separate residences each provide a two-bedroom, one-bathroom layout.
Property Size1,790 SF
Price / SF$337.99
Days on Market5
Property Features for 6230 Grant St
General Information
Standard status
Active
Size
1,790 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Features: Less Than 1/4 Acre Lot
Roof: Shingle
Sewer: Public Sewer
Parcel Number: 514112010211, Tax Annual Amount: $7,458, Tax Legal Description: WEIDLINGS SUB OF S1/2 OF SW1/4 1-193 D 12-51-41 W1/2 OF SE1/4 OF SW1/4 OF SW1/4 LESS N 389.40,LESS S 180 & LESS N 5 OF S 185 OF W 200 & LESS, Tax Year: 2025
Flooring: Tile
Cooling: Central Air
Heating: Central
Rent Includes: None, Standard Status: Active
Parking Total: 4
Living Area: 1790, Architectural Style: Attached, Construction Materials: CBS Construction, Stories: 1, Year Built: 1971, Year Built Details: Resale, Building Area Total: 1790, Building Name: Weildlings Subdivision, Structure Type: Duplex
County Or Parish: Broward County, MLS Area Major: Weildlings Subdivision, Subdivision Name: Weildlings Subdivision
Leasable Area Units: Square Feet
Units In Community: 2
Building Details
Year Built
1971
Listing Agency:
Deal Flow Realty, LLC.
(305) 927-7135
Listed By:
Michelle Mullings · License #3661750
(305) 890-0317
Source:
Riserealty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 2 at 7:22PM
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 Deal Flow Realty, LLC.
Investment Insights
Based on property information with market context.
This duplex contains two separate units, each configured with two bedrooms and one bathroom. The building totals 1,790 square feet and requires renovation work, offering a chance to update both residences.
The property is at 6230 Grant St in Hollywood, Florida. Shopping, dining, major roads, and other nearby amenities are identified in the surrounding area.
The property is at 6230 Grant St in Hollywood, Florida. Shopping, dining, major roads, and other nearby amenities are identified in the surrounding area.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,790‑square‑foot duplex requiring renovation
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
$32,072
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
5.30%
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%
$641,440
$641.4K
Cap Rate 7%
$458,171
$458.2K
Cap Rate 9%
$356,356
$356.4K
Market Conditions
NOI Build-Up for 1,790 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
$48.3K $27.00/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$45.8K $25.60/SF
− OpEx
−$13.7K −$7.68/SF
NOI
$32.1K $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%
$641,440
Cap Rate 7%
$458,171
Cap Rate 9%
$356,356
Alternative Uses
Best Use
Multifamily LT 5
$458.2K
$400.9K – $534.5K
NOI $32,072 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$426.2K
$373.0K – $497.3K
NOI $29,836 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$700.2K
$612.7K – $817.0K
NOI $49,017 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each provide a two-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 6230 Grant St Hollywood, FL.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,790‑square‑foot duplex requiring renovation
