Duplex Income Property with Central
6316 Lincoln St Hollywood, FL 33024
6316 Lincoln St, Hollywood, FL, 33024
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For Sale
Contact for pricing
Two separate units with central A/C, in-unit laundry, and individual water and electric meters.
Property Size2,364 SF
Price / SF$274.53
Days on Market57
Property Features for 6316 Lincoln St
General Information
- Standard status
- Active
- Size
- 2,364 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1981
Listing agency
Josh Realty, Inc.
Listed by
Luke Naduparambil · License #3585026
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 3:53AM
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 Josh Realty, Inc.
Investment Insights
Based on property information with market context.
This for-sale duplex features two independent units with central A/C, tile flooring, and updated bathrooms and kitchens. The first unit offers 2 bedrooms and 2 bathrooms, while the second unit has 3 bedrooms and 2 bathrooms. Each unit includes its own laundry room, and utilities are handled with separate metering for water and electricity. The roof was installed with proper permits on 6/3/2019 and is reported to be in great condition. The duplex also provides two parking spaces per unit.
The property is located near the Florida Turnpike, McArthur High School, and the Hard Rock Guitar, offering convenient access to major routes and local amenities.
For buyers and owner-operators seeking a residential income setup, the duplex’s separate utility metering, in-unit laundry, and dual floorplans can support straightforward tenant management. The 3/2 unit is currently listed for rent for $2,950, and the 2/2 unit is currently rented for $1,900, providing immediate income context for underwriting.
The property is located near the Florida Turnpike, McArthur High School, and the Hard Rock Guitar, offering convenient access to major routes and local amenities.
For buyers and owner-operators seeking a residential income setup, the duplex’s separate utility metering, in-unit laundry, and dual floorplans can support straightforward tenant management. The 3/2 unit is currently listed for rent for $2,950, and the 2/2 unit is currently rented for $1,900, providing immediate income context for underwriting.
Key Highlights
- 1981‑built duplex with two separate units, each with central A/C and its own in‑unit laundry room
- 1st unit layout: 2 bed / 2 bath; 2nd unit layout: 3 bed / 2 bath
- Separate water and electricity meters for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $27.00 |
| − Vacancy | −$3.3k | −$1.40 |
| EGI | $60.5k | $25.60 |
| − OpEx | −$18.2k | −$7.68 |
| NOI | $42.4k | $17.92 |
2,364 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.1K
$529.5K – $705.9K
NOI $42,356 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$562.9K
$492.5K – $656.7K
NOI $39,403 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$924.8K
$809.2K – $1.08M
NOI $64,736 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Best of the Best Landscaping
Landscaping
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FAQs
What type of property is this?
Duplex - Two separate units with central A/C, in-unit laundry, and individual water and electric meters.
Where is this duplex located?
The property is located at 6316 Lincoln St Hollywood, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1981‑built duplex with two separate units, each with central A/C and its own in‑unit laundry room; 1st unit layout: 2 bed / 2 bath; 2nd unit layout: 3 bed / 2 bath; Separate water and electricity meters for each unit
