Duplex with One Vacant
New
For Sale
$499,000
924 N 16TH Avenue, Hollywood, FL 33020
Residential Income, Hollywood, FL
Property Size957 SF
Lot Size0.13 Acres
Price / SF$521.42
Days on Market3
Property Features for 924 N 16TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-12
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Pets allowed
Yes, No
Exterior features
Garden
Subdivision
HOLLYWOOD LAWNS
Elementary school
Hollywood Central
Middle school
Olsen
High school
South Broward
Standard status
Active
APN
514210141350
Size
957 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLLYWOOD LAWNS 2-58 B LOT 187
Tax Annual Amount
7145
Legal Description
HOLLYWOOD LAWNS 2-58 B LOT 187
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Tar/Gravel
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Ann E McQueen · License #3041716
(954) 673-2842
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 1:06PM
MLS# B26092944
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 957-square-foot duplex was built in 1952 and sits on a 0.13-acre lot. One residence has a month-to-month tenant; the other is vacant. Interior features include tile flooring, and the exterior includes a garden. Public water and sewer serve the property, with cable available.
The property is next to the Hollywood Beach Golf Course and minutes from the beach and downtown Hollywood. The airport is approximately 15 minutes away.
The property is next to the Hollywood Beach Golf Course and minutes from the beach and downtown Hollywood. The airport is approximately 15 minutes away.
Key Highlights
- Two‑unit property with one month‑to‑month tenancy and one vacant residence
- 957 square feet on a 0.13‑acre lot
- Built in 1952; zoned RM‑12
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,147
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,940
$342.9K
Cap Rate 7%
$244,957
$245.0K
Cap Rate 9%
$190,522
$190.5K
Market Conditions
NOI Build-Up for 957 SF
Gross rent
$25.8K $27.00/SF
− Vacancy
−$1.3K −$1.40/SF
EGI
$24.5K $25.60/SF
− OpEx
−$7.3K −$7.68/SF
NOI
$17.1K $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 Rate 5%
$342,940
Cap Rate 7%
$244,957
Cap Rate 9%
$190,522
Alternative Uses
Best Use
Multifamily LT 5
$245.0K
$214.3K – $285.8K
NOI $17,147 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$227.9K
$199.4K – $265.9K
NOI $15,951 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$374.4K
$327.6K – $436.8K
NOI $26,206 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - RM-12 zoning, public water and sewer, and a garden are among the property’s documented features.
Where is this duplex located?
The property is located at 924 N 16TH Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit property with one month‑to‑month tenancy and one vacant residence; 957 square feet on a 0.13‑acre lot; Built in 1952; zoned RM‑12
