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2531 Pierce Street Hollywood, FL $ 697,500
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2531 Pierce Street
$ 697,500
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2531 Pierce Street

Hollywood, FL
$ 697,500
Baths0.0 Sq 1,785

Monthly Estimate*

$ 4,295

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Studio

Single Family Home for sale in Hollywood, FL

for $697,500. This 1,785 square foot home was built in 1949 on a lot size of 0.35.

Rare opportunity to acquire income producing 3/2 home w/in-law suite & additional development capacity, walking distance from library, parks & Downtown Hollywood, at over 20% below market value. Keep the existing home & add 8 (2 bedroom) units for 9 units total. Included site plan shows layout, parking & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$50k per (mostly 1 bed) unit sold, $58k-$101k per (mostly 1 bed) unit active. 3/2 house comps:$499k-$679k active, $410k-$580k sold. Subject property: 3/2 house + 8 (2 bedroom) units buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.5M. All in:~$2.2M Projected value:$3M+ = ~$1M equity. Potential ~10% cap. Opportunity zone. Seller will finance

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Single Family Active

Price

$ 697,500

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 9,666

Style

Lot Size

0.35

Year Built

1949

Town/City

Hollywood

County/Region

Broward

MLS | Web ID

B26036967
Features
General
Sewer PublicSewer PrivateSewer SepticTank
Heating WallFurnace
Cooling CeilingFans WallWindowUnits
Utilities CableConnected ElectricityConnected Other PhoneConnected SewerConnected WaterConnected
Possession Negotiable
Roof Flat Shingle
Security Features Other SmokeDetectors
Construction Materials Block Concrete Stucco
Year Built 1949
Electric Other
Property Subtype MultiFamily
Tax Year 2025
Gross Income 37344
Accessibility None
County Broward
Net Operating Income 20131
Insurance Expense 3226
Property Type CommercialSale
Status Active
City Hollywood
Disclosures OwnerIsListingAgent
MLS Area 3050
Tax Annual Amount 9666.78
Virtual Tour https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL/unbranded
Standard Status Active
Property Sub Type Additional MultiFamily
Legal Description HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
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Interior
Flooring Laminate Parquet Terrazzo Tile Vinyl
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features AccessibleParking Covered
Lot Features OversizedLot QuarterToHalfAcreLot
Water Source Public
Total Parking 4
Lot Size Area 15393
Building Area Total 1785
Lot Size Acres 0.35
Road Surface Type Asphalt Paved
Road Frontage Type CityStreet
Road Responsibility PublicMaintainedRoad
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* Excluded Features
List By
Michael J Sheer

Listing Agent

Affordability Calculator

$5,100
Per Month
84%
16%
0%
Monthly Principal & Interest
$4,295
Monthly Property Taxes
$806
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/4/2026$697,500 Listed Price

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2531 Pierce Street, Hollywood, FL, is a Single Family Home for sale at $697,500 with 1,785 sqft and a lot size of 0.35. 2531 Pierce Street is a studio with 0.0 baths and was built in 1949. The property's zip code is which is in Hollywood, FL

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