Two-Unit Duplex with Separate
New
For Sale
$350,000
6316 Pierce St, Hollywood, FL 33024
Residential Income, Hollywood, FL
Property Size1,048 SF
Price / SF$333.97
Days on Market1
Property Features for 6316 Pierce St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM-9
Bedrooms
2
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1
Parking
4
Subdivision
GRACEWOOD NO 5
Lot features
< 1/4 Acre
Standard status
Active
APN
514113090300
Size
1,048 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GRACEWOOD NO 5 29-14 B LOT 136
Tax Annual Amount
5750
Legal Description
GRACEWOOD NO 5 29-14 B LOT 136
Utilities
Sewer type
Septic Tank
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
Wall unit A/C's
Building Details
Year built
1957
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Christopher Lekas · License #3217748
(954) 290-3983
Added: Aug 28
Last Checked: Aug 28 at 7:06AM
MLS# A12022441
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.
Located at 6316 Pierce St in Hollywood, Florida, this duplex contains two separate sides, each with one bedroom and one bathroom. The 1048-square-foot property was built in 1957 and uses block construction beneath a shingle roof.
Wall and window unit air conditioning is provided throughout the property, while separate electric meters serve each side. The sewer system is a septic tank. The property needs updating, and showings are available on Saturdays only.
Wall and window unit air conditioning is provided throughout the property, while separate electric meters serve each side. The sewer system is a septic tank. The property needs updating, and showings are available on Saturdays only.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom on each side
- 1048 square feet of total property size
- Separate electric meters for each side
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
$18,777
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
5.36%
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%
$375,540
$375.5K
Cap Rate 7%
$268,243
$268.2K
Cap Rate 9%
$208,633
$208.6K
Market Conditions
NOI Build-Up for 1,048 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
$28.3K $27.00/SF
− Vacancy
−$1.5K −$1.40/SF
EGI
$26.8K $25.60/SF
− OpEx
−$8.0K −$7.68/SF
NOI
$18.8K $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%
$375,540
Cap Rate 7%
$268,243
Cap Rate 9%
$208,633
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,470
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences offer individual electric metering and wall-mounted cooling.
Where is this duplex located?
The property is located at 6316 Pierce St 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: Two‑unit duplex with one bedroom and one bathroom on each side; 1048 square feet of total property size; Separate electric meters for each side
