Multifamily Property for Sale in Hollywood, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Hollywood, FL 33020

Description

Marcus & Millichap is pleased to present Adams Street Apartments, a 10-unit multifamily property located at 2221–2223 Adams Street in Hollywood, Florida. The property consists entirely of one-bedroom/one-bathroom units averaging 726 square feet, offering spacious layouts in a high-demand rental corridor. The asset has recently undergone significant improvements, including a new metal roof, mini-split air conditioning systems throughout, and ongoing parking lot restriping, enhancing both curb appeal and operational efficiency. Eight of the ten units have been renovated, featuring granite countertops and shaker-style cabinetry, providing immediate upside through continued interior upgrades and rent optimization. The property also includes four carports, creating an additional income opportunity. Strategically positioned just minutes from Downtown Hollywood, Young Circle, and Hollywood Beach, the property benefits from strong local demand driven by hospitality, retail, and healthcare employment. With proximity to US-1, I-95, and the Brightline station, Adams Street Apartments offers tenants convenient connectivity throughout Broward and Miami-Dade Counties. Adams Street Apartments presents an attractive opportunity to acquire a well-located, partially renovated multifamily asset in one of South Florida’s most active rental submarkets, with continued value-add potential and durable long-term fundamentals. Investment Highlights: • New Metal Roof And Mini-Split AC Systems Throughout • 8 Of 10 Units Renovated With Granite Countertops And Shaker Cabinetry • Four Carports Provide Potential Additional Income Stream • 10 Spacious 1 Bed / 1 Bath Units Averaging 726 SF • Prime Hollywood Location Near Downtown, The Beach, And Major Transportation Corridors

Market Context

This multifamily in Hollywood, FL is listed for sale. It is offered at an approximate 4.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Hollywood, FL — <a href="/search/sale/multifamily/florida/hollywood">view the full market</a>.

As of Q1 2026, the Fort Lauderdale multifamily market showed average asking rents near $2203.00/unit/mo, and cap rates around 5.8%. Source: Consensus Q1 2026 market report.

Its 4.3% asking cap rate is below the Fort Lauderdale multifamily market average of about 5.8%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Fort Lauderdale?
About 5.8% as of Q1 2026, per Consensus.

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