Duplex Income Property with Central
For Sale
$639,000
6316 Lincoln Street, Hollywood, FL 33024
Two separate units with central A/C, in-unit laundry, and individual water and electric meters.
Property Size2,364 SF
Price / SF$270.30
Days on Market162
Property Features for 6316 Lincoln Street
General Information
Standard status
Active
Size
2,364 SF
Total Parking Spaces
2
Property subtype
Residential Income / Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,466
Building Details
Year Built
1981
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Josh Realty, Inc.
Listed By:
Luke Naduparambil · License #3585026
(954) 445-0408
Source:
Compass
Added: May 14
Changed: Oct 19
Last Checked: Oct 20 at 11:44PM
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.
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Investment Insights
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,356
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,120
$847.1K
Cap Rate 7%
$605,086
$605.1K
Cap Rate 9%
$470,622
$470.6K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$63.8K $27.00/SF
− Vacancy
−$3.3K −$1.40/SF
EGI
$60.5K $25.60/SF
− OpEx
−$18.2K −$7.68/SF
NOI
$42.4K $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 Rate 5%
$847,120
Cap Rate 7%
$605,086
Cap Rate 9%
$470,622
Alternative Uses
Best Use
Multifamily LT 5
$605.1K
$529.5K – $705.9K
NOI $42,356 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$562.9K
$492.5K – $656.7K
NOI $39,403 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$924.8K
$809.2K – $1.08M
NOI $64,736 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 Street Hollywood, FL.
What is the asking price?
The asking price for this property is $639,000.
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
