Two-Unit Duplex Income
6316 Pierce Street Hollywood, FL 33024
For Sale
$350,000
Duplex features two one-bedroom, one-bath units with separate electric meters; wall unit A/Cs need updating.
Property Size1,048 SF
Price / SF$333.97
Days on Market67
Property Features for 6316 Pierce Street
General Information
- Standard status
- Active
- Size
- 1,048 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1957
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Christopher Lekas · License #3217748
(305) 405-0615
Source:
Compass
Added: May 18
Changed: Jul 23
Last Checked: Jul 23 at 12:29PM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This duplex offers two separate living units, with each side providing one bedroom and one bathroom. The property uses wall unit A/Cs, which need to be updated. Separate electric meters are in place for each unit.
The property is located at 6316 Pierce Street in Hollywood, FL 33024. It is being offered for sale as a residential income property.
Overall, the configuration supports straightforward duplex living with independently metered utilities, while the primary noted mechanical item is the need to update the wall unit A/C systems.
The property is located at 6316 Pierce Street in Hollywood, FL 33024. It is being offered for sale as a residential income property.
Overall, the configuration supports straightforward duplex living with independently metered utilities, while the primary noted mechanical item is the need to update the wall unit A/C systems.
Key Highlights
- 1957 duplex with two 1‑bedroom, 1‑bath units (one per side)
- Each unit has a separate electric meter
- Wall unit A/Cs need updating
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 | $28.3k | $27.00 |
| − Vacancy | −$1.5k | −$1.40 |
| EGI | $26.8k | $25.60 |
| − OpEx | −$8.0k | −$7.68 |
| NOI | $18.8k | $17.92 |
1,048 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.2K
$234.7K – $313.0K
NOI $18,777 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$249.5K
$218.4K – $291.1K
NOI $17,468 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$410.0K
$358.7K – $478.3K
NOI $28,698 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex features two one-bedroom, one-bath units with separate electric meters; wall unit A/Cs need updating.
Where is this duplex located?
The property is located at 6316 Pierce Street Hollywood, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1957 duplex with two 1‑bedroom, 1‑bath units (one per side); Each unit has a separate electric meter; Wall unit A/Cs need updating
