Updated Duplex with Private
For Sale
$535,000
822 North 20th Avenue, Hollywood, FL 33020
Two residential units offer separate fenced outdoor areas and a range of recent infrastructure improvements.
Property Size1,505 SF
Price / SF$355.48
Days on Market306
Property Features for 822 North 20th Avenue
General Information
Standard status
Active
Size
1,505 SF
Property subtype
Residential Income / Duplex
Zoning
DH-2
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,850
Amenities
private fenced yards
Ceiling Fan(s), Electric
Electric
1.0
Tile
1
2
CBS
Shingle
No
Duplex
Building Details
Year Built
1955
Listing Agency:
EXP Realty LLC
Listed By:
Christopher Perez · License #3079686
(888) 883-8509
Source:
Compass
Added: Nov 5, 2025
Changed: Sep 6
Last Checked: Sep 6 at 1:55PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two separately configured residences: an updated one-bedroom, one-bath unit and a larger two-bedroom, one-bath unit. Each residence has its own fenced yard. The 1,505-square-foot property was built in 1955 and includes underground plumbing improvements along with a full connection to the city sewer system.
The property is located in Hollywood’s DH-2 Downtown High Intensity district, which permits mixed-use and multifamily development. It is situated near the planned Hollywood Station associated with Tri-Rail’s commuter rail expansion, with service described toward Aventura, Fort Lauderdale, FLL airport, and Miami. Additional area references include nearby beaches, Hard Rock Stadium, and I-95.
The property is located in Hollywood’s DH-2 Downtown High Intensity district, which permits mixed-use and multifamily development. It is situated near the planned Hollywood Station associated with Tri-Rail’s commuter rail expansion, with service described toward Aventura, Fort Lauderdale, FLL airport, and Miami. Additional area references include nearby beaches, Hard Rock Stadium, and I-95.
Key Highlights
- Two‑unit duplex totaling 1,505 square feet
- Unit mix includes one updated 1/1 and one spacious 2/1
- Private fenced yard for each residence
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
$26,965
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
5.04%
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%
$539,300
$539.3K
Cap Rate 7%
$385,214
$385.2K
Cap Rate 9%
$299,611
$299.6K
Market Conditions
NOI Build-Up for 1,505 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
$40.6K $27.00/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$38.5K $25.60/SF
− OpEx
−$11.6K −$7.68/SF
NOI
$27.0K $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%
$539,300
Cap Rate 7%
$385,214
Cap Rate 9%
$299,611
Alternative Uses
Best Use
Multifamily LT 5
$385.2K
$337.1K – $449.4K
NOI $26,965 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$358.4K
$313.6K – $418.1K
NOI $25,085 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$588.8K
$515.2K – $686.9K
NOI $41,213 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
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 residential units offer separate fenced outdoor areas and a range of recent infrastructure improvements.
Where is this duplex located?
The property is located at 822 North 20th Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,505 square feet; Unit mix includes one updated 1/1 and one spacious 2/1; Private fenced yard for each residence
