Duplex with Separate Electric
For Sale
$540,000
915 N 19th Ave, Hollywood, FL 33020
MULTI_FAMILY - Hollywood, FL
Property Size1,462 SF
Price / SF$369.36
Days on Market52
Property Features for 915 N 19th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
ND-1
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking
4
Subdivision
HOLLYWOOD LAWNS
Lot features
< 1/4 Acre
Standard status
Active
APN
514210140050
Size
1,462 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD LAWNS 2-58 B LOT 8
Tax Annual Amount
9674
Legal Description
HOLLYWOOD LAWNS 2-58 B LOT 8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
separate electric meters
in-unit laundry
on-site laundry room
Building Details
Year built
1959
Flooring type
Laminate
Building materials
Block
Listing Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Keylla Kell Sanchez · License #3232235
(954) 274-6341
Added: Jun 22
Changed: Aug 2
Last Checked: Aug 12 at 8:06AM
MLS# A12012881
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.
This duplex offers two rental units with separate electric meters, supporting independent utility control. Built in 1959 with block construction, the property is equipped with central heating and central air. Flooring includes laminate throughout. The front unit has in-unit laundry, while the rear unit uses an on-site laundry room.
Parking totals four spaces, with two assigned spaces per unit. Both units are currently rented on a month-to-month basis. The rear unit has been recently remodeled, and the roof was replaced in 2023.
The property is served by public sewer and has a total size of 1,462 square feet. A total of two bedrooms and two bathrooms are listed across the rooms provided.
Parking totals four spaces, with two assigned spaces per unit. Both units are currently rented on a month-to-month basis. The rear unit has been recently remodeled, and the roof was replaced in 2023.
The property is served by public sewer and has a total size of 1,462 square feet. A total of two bedrooms and two bathrooms are listed across the rooms provided.
Key Highlights
- 1,462 SF duplex built in 1959 with block construction
- Separate electric meters for each unit
- Four total parking spaces, with two assigned spaces per unit
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
$26,195
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
4.85%
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%
$523,900
$523.9K
Cap Rate 7%
$374,214
$374.2K
Cap Rate 9%
$291,056
$291.1K
Market Conditions
NOI Build-Up for 1,462 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
$39.5K $27.00/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$37.4K $25.60/SF
− OpEx
−$11.2K −$7.68/SF
NOI
$26.2K $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%
$523,900
Cap Rate 7%
$374,214
Cap Rate 9%
$291,056
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$348.1K
$304.6K – $406.2K
NOI $24,369 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$571.9K
$500.4K – $667.3K
NOI $40,035 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,323
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 - Duplex with separate electric meters, central HVAC, and laundry features for both units, currently rented month-to-month.
Where is this duplex located?
The property is located at 915 N 19th Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 1,462 SF duplex built in 1959 with block construction; Separate electric meters for each unit; Four total parking spaces, with two assigned spaces per unit
