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, as exclusive listing agent, is pleased to present Hayes Street Apartments, a six-unit multifamily property located in the rapidly evolving Hollywood submarket of Broward County. The offering consists of three separate buildings situated on a single folio, providing a unique, low-density layout with a mix of apartment-style units and single-family homes. Built in 1966, the three properties total approximately ±3,134 square feet of building area and is situated on a ±15,000 square foot (0.34-acre) parcel. The unit mix consists of four one-bedroom/one-bathroom units, one two-bedroom/one-bathroom single-family home, and one three-bedroom/one-bathroom single-family home. The site is zoned DH-1, allowing for continued multifamily use while also providing long-term redevelopment potential given the oversized lot and favorable zoning. Each unit has been renovated with modern interior finishes and major system upgrades. Improvements include new kitchens featuring granite countertops, stainless steel appliances, and new cabinetry, along with updated bathrooms, partial impact windows, wall-unit air conditioning, GE electric panels, and PVC plumbing throughout. The two single-family homes each include private in-unit washer and dryer, further enhancing tenant appeal and supporting premium rental rates. The property also includes an additional on-site storage room that can be leased to tenants for supplemental income. Ownership currently bills back tenants monthly for water, sewer, trash, and electric expenses, helping minimize operating expenses and improve overall net income. These features provide investors with a turnkey, low-maintenance asset with durable income characteristics and limited near-term capital expenditure requirements. The ±15,000 square foot DH-1 zoned site offers meaningful long-term redevelopment potential. Current zoning allows for increased residential density for up to 8-10 townhomes, giving investors the opportunity to further maximi

Market Context

This multifamily in Hollywood, FL is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 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 6.5% asking cap rate is above the Fort Lauderdale multifamily market average of about 5.8%, implying a higher yield (and typically more risk or upside) than 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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