1910 Washington St, Hollywood FL 33020 - Multifamily Income Property

Fully approved 9-unit multifamily development with existing duplex leased, located in central Hollywood, FL. Prime investment opportunity.

$995,000

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MLS #A11899548

Listing Updated: 2026-07-25 00:28:17

Listed By: RE/MAX 5 Star Realty

Overview

This property at 1910 Washington St in Hollywood, Florida offers a rare opportunity for investors and developers. Currently, it features a 1,986 sqft duplex on an 8,283 sqft lot zoned PS-1, leased to two tenants generating $5,000 monthly income. The site is shovel-ready with approved plans for a modern 9-unit multifamily building including 10 parking spaces and landscaping that complies with city standards. Situated near Downtown Hollywood, Young Circle, and major highways, the location provides convenient access to urban amenities and transportation. Once completed and stabilized, the project is projected to generate substantial gross income and a competitive cap rate, making it a turnkey option for those looking to expand their portfolio in a sought-after Florida market.

Property Highlights

Shovel-ready 9-unit multifamily development; existing duplex leased; 8,283 sqft lot with PS-1 zoning; approved plans for 10 parking spaces; close to Downtown Hollywood and major highways.

Property Details

City: Hollywood

State: FL

Zip Code: 33020

Address: 1910 Washington St, Hollywood FL 33020

Year Built: 1949

Property Type: Commercial Sale

Property Sub Type: Income/MultiFamily

Listing Office Name: RE/MAX 5 Star Realty

County: Broward County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $10,212

Days On Market: 229 Days

Original Listing Description

The Subject property is a fully approved, shovel-ready 9-unit multifamily development in the heart of Hollywood, Florida. The property features a 1,986± SF duplex on an 8,283± SF lot (PS-1 zoning), currently leased to two tenants generating $5,000/month. Approved plans include a modern 9-unit building, 10 parking spaces, and landscaping designed to meet all city standards. Once stabilized, the project is expected to produce $295k in gross annual income, $222,750 NOI, and a 9.3% cap rate. Located near Downtown Hollywood, Young Circle, and major highways, this is a turnkey opportunity for investors or developers.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1910 Washington St, Hollywood FL 33020

About This Neighborhood

Located in the heart of Hollywood, this property benefits from proximity to Downtown Hollywood and Young Circle, a vibrant area known for its mix of residential, retail, and entertainment options. The neighborhood offers convenient access to major highways, making commuting and travel straightforward. Residents and tenants enjoy a balanced urban lifestyle with nearby dining, shopping, and recreational amenities within easy reach.

Walkability & Lifestyle

The property’s location near Downtown Hollywood and Young Circle provides a walkable environment with restaurants, shops, and entertainment venues nearby. Residents can enjoy easy access to parks and waterfront areas, enhancing lifestyle convenience. The neighborhood supports pedestrian-friendly living with amenities reachable without a car.

Things To Do Nearby

Hollywood is known for its vibrant cultural scene, waterfront activities, and recreational options. Nearby, residents can explore beaches, marinas, golf courses, and diverse dining experiences. The area offers year-round outdoor activities and entertainment, catering to a variety of lifestyles.

Nearby Schools

Hollywood offers access to a variety of educational institutions, making it convenient for families and tenants with school-age children. The area includes public and private schools within reasonable commuting distances, providing options for quality education. This accessibility adds to the neighborhood’s appeal for long-term residents.

Why Buyers Like This Area

Buyers appreciate this area for its combination of central location, development potential, and lifestyle amenities. The property’s shovel-ready status and existing income stream make it attractive for those seeking a turnkey investment. Proximity to major highways and urban centers adds to its convenience and appeal.

Investment Potential

This property presents a solid opportunity for investors interested in multifamily developments in Hollywood, Florida. The existing duplex generates steady rental income, while approved plans for a 9-unit building offer potential for expanded revenue. Its location near Downtown Hollywood and major highways enhances tenant demand and marketability. The project’s projected cap rate indicates competitive returns relative to local market conditions. Investors can benefit from a shovel-ready site, reducing development risk and time to market.

Market Trends

Hollywood’s multifamily market remains attractive due to steady demand and limited inventory in central locations. Properties with approved development plans are particularly sought after, as they offer immediate opportunities for growth. The area’s accessibility and lifestyle amenities continue to draw renters and buyers, supporting stable occupancy rates and competitive pricing trends.

Rental Income Potential

The current duplex on the property generates $5,000 per month in rental income, reflecting strong tenant interest in this location. The approved 9-unit development plans suggest potential for significantly increased rental revenue once completed. Hollywood’s rental market benefits from consistent demand driven by its urban amenities and connectivity, making it appealing for investors focused on income-producing properties.