Hollywood Duplex Near New
For Sale
Contact for pricing
2020 Madison St, Hollywood, FL 33020
Duplex in prime location near downtown Hollywood and beaches.
Property Size1,086 SF
Price / SF$455.80
Days on Market827
Property Features for 2020 Madison St
General Information
Standard status
Active
Size
1,086 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
DH-3
Building Details
Year Built
1946
Units
1
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
Alejandro Bruno · License #3118923
(954) 673-7739
Source:
Crexi
Added: Jun 3, 2024
Changed: Aug 24
Last Checked: Sep 6 at 9:27PM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This property presents an investor opportunity in a location surrounded by new developments. Zoned for mixed-use development up to 10 stories, not to exceed 140 feet, with a maximum floor area ratio (FAR) of 3.00. The property is located minutes from Downtown Hollywood, beaches, and local events. The property contains two units. Unit #1, previously owner-occupied, was updated 7 years ago with modern kitchen cabinets, countertops, and a gas stove. Unit #2 is vacant and includes an electric stove. Both units have separate electric panels. The property features fruit trees, a detached laundry room, and two parking spaces, one per unit. There is a single water meter. A new roof was installed in 2018. The plumbing under both kitchens has been updated. Termite tenting was performed 5 years ago, with a clean inspection on June 2nd. A 4-point inspection was completed in July. The property size is 1,086 square feet.
Key Highlights
- Zoned Mixed Use, 10 Stories (up to 140 ft), MAX FAR of 3.00: Ideal for development.
- Unbeatable location: Minutes from Downtown Hollywood and beaches.
- New roof (2018) and updated plumbing under both kitchens.
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
$19,458
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
3.93%
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%
$389,160
$389.2K
Cap Rate 7%
$277,971
$278.0K
Cap Rate 9%
$216,200
$216.2K
Market Conditions
NOI Build-Up for 1,086 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
$29.3K $27.00/SF
− Vacancy
−$1.5K −$1.40/SF
EGI
$27.8K $25.60/SF
− OpEx
−$8.3K −$7.68/SF
NOI
$19.5K $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%
$389,160
Cap Rate 7%
$277,971
Cap Rate 9%
$216,200
Alternative Uses
Best Use
Multifamily LT 5
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$258.6K
$226.3K – $301.7K
NOI $18,101 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$424.8K
$371.7K – $495.7K
NOI $29,739 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,969
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 in prime location near downtown Hollywood and beaches.
Where is this duplex located?
The property is located at 2020 Madison St Hollywood, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Zoned Mixed Use, 10 Stories (up to 140 ft), MAX FAR of 3.00: Ideal for development.; Unbeatable location: Minutes from Downtown Hollywood and beaches.; New roof (2018) and updated plumbing under both kitchens.
