Two-Unit
New
For Sale
$605,000
6230 Grant St, Hollywood, FL 33024
Residential Income, Hollywood, FL
Property Size1,790 SF
Price / SF$337.99
Days on Market2
Property Features for 6230 Grant St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM-9
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3
Parking
4
Subdivision
Weildlings Subdivision
Lot features
< 1/4 Acre
Standard status
Active
APN
514112010211
Size
1,790 SF
Taxes and HOA fees
Tax Year
2025
Tax 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 Annual Amount
7458
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
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1971
Floors in Building
1
Flooring type
Tile
Building materials
CBSConcreteBlockStructure, Block
Roof type
Shingle
Listing Agency:
Deal Flow Realty, LLC.
(305) 927-7135
Listed By:
Michelle Mullings · License #3661750
(305) 890-0317
Added: Sep 30
Last Checked: Oct 1 at 7:06PM
MLS# A12098541
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 1,790-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. Built in 1971, the building has concrete block construction, tile flooring, central heating and air conditioning, a shingle roof, and public sewer service.
The property is located at 6230 Grant St in Hollywood, Florida.
The property is located at 6230 Grant St in Hollywood, Florida.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,790 square feet
- Built in 1971
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 - Each residence has two bedrooms and one bathroom, with central heating and air conditioning.
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 residences, each with 2 bedrooms and 1 bathroom; 1,790 square feet; Built in 1971
