Two-Unit Duplex Income
For Sale
$350,000
6316 Pierce Street, Hollywood, FL 33024
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 Market76
Property Features for 6316 Pierce Street
General Information
Standard status
Active
Size
1,048 SF
Property subtype
Multi-Family Income / Duplex
Additional Details
Multifamily Units
2
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 31 at 11:59AM
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,099
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 - 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
