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Duplex with Detached Residences

Hollywood, FL 33024, Hollywood, FL 33024

For Sale
$529,000

Residential Income, Hollywood, FL

Property Size964 SF
Price / SF$548.76
Days on Market49

Property Features

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description C-MU
Bedrooms 3
Full bathrooms 2
Rooms Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
Parking 6
Lot features < 1/4 Acre
Subdivision GRACEWOOD NO 2
Standard status Active
Size 964 SF

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8508

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Heat Pump (Heating)
Cooling system Zoned
Water source Public

Building Details

Year built 1953
Floors in Building 1
Flooring type Tile - Ceramic
Building materials Block
Roof type Shingle
Buildings 2
Listing Agency: United Realty Group Inc
Listed By: Sandra Osorio · License FL #3389975
Added: Sep 23 Changed: Nov 10 Last Checked: Nov 10 at 6:06AM
MLS# A12094484

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.

Rey
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Investment Insights

Based on property information with market context.

This 964-square-foot duplex contains two separate, detached residences, with three bedrooms and two bathrooms across the property. Renovations were completed in 2022. Block construction, ceramic tile flooring, shingle roofing, heat-pump heating, and zoned cooling are among its physical features. The property has public water and a septic system; cable service is available. Both residences are currently occupied by tenants.

The property is situated between the Florida Turnpike and US-441, with shopping, dining, and Hard Rock Stadium among the destinations identified in the surrounding area. On-site parking is also noted.

Key Highlights

  • Two detached residences, both currently rented
  • 964 square feet; three bedrooms and two bathrooms
  • Extensively renovated in 2022

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$17,272
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,440 $345.4K
Cap Rate 7%
$246,743 $246.7K
Cap Rate 9%
$191,911 $191.9K
Market Conditions
NOI Build-Up for 964 SF
Gross rent
$26.0K $27.00/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$24.7K $25.60/SF
− OpEx
−$7.4K −$7.68/SF
NOI
$17.3K $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%
$345,440
Cap Rate 7%
$246,743
Cap Rate 9%
$191,911

Alternative Uses

Best Use
Multifamily LT 5
$246.7K
$215.9K – $287.9K (±1% cap)
NOI $17,272 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$229.5K
$200.9K – $267.8K (±1% cap)
NOI $16,068 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$377.1K
$330.0K – $440.0K (±1% cap)
NOI $26,398 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,232
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Duplexes in Hollywood, FL

$401 Jul
$390 Aug
$397 Sep
$361 Oct

Properties on Market for Duplexes in Hollywood

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both homes are rented, and the property received extensive updates in 2022.
Where is this duplex located?
The property is located at Hollywood, FL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two detached residences, both currently rented; 964 square feet; three bedrooms and two bathrooms; Extensively renovated in 2022
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Includes: Price & PSF · Cap rate · Location · Zoning

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