2531 Pierce StreetHollywood FLMLS Number B26036967

  • Price: $697,500
  • 1 Day on Market
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  • 0.35Acreage
  • 1949Year Built
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
Listing by United Realty Group Inc.

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Ocean Estate Properties

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Ocean Estate Properties
Office: 561-504-9226
500 NE Spanish River Boulevard
Suite 104
Boca Raton, FL 33431

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Basic Information

  • Gross Income $37,344
  • Insurance Expense $3,226

Location

  • Address2531 Pierce Street
  • Area3050
  • Building Number2531
  • CountyBroward
  • StateFL
  • StreetPierce Street
  • TownHollywood

Utilities

  • Electric Other
  • Heat SystemWall Furnace
  • Heating YN Yes
  • Utilities
    • Cable Connected
    • Electricity Connected
    • Other
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Waste Water DisposalPublic Sewer, Private Sewer, Septic Tank

Other

  • Date Listed06/04/2026
  • Documents Available Site Plan, Survey
  • Possession Negotiable
  • Special Listing Conditions Standard

Tax Information

  • Tax Legal Description HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
  • Tax Year 2025
  • Taxes$9,666

Building

  • Building ConstructionBlock, Concrete, Stucco
  • Year Built1949

Interior

  • Flooring Laminate, Parquet, Terrazzo, Tile, Vinyl

Exterior

  • RoofFlat, Shingle

Property Information

  • Acreage0.35
  • Lot Features Oversized Lot, 1/4 to 1/2 Acre Lot
  • Property Sub Type Additional Multi Family

Water Body

  • Water AccessPublic

Parking

  • Parking Features Accessible Parking, Covered
  • Parking Total 4

Basic Information

  • List Price$697,500
  • MLS NumberB26036967
  • Modification Date06/04/2026
  • Property SubTypeMulti Family
  • Property TypeCommercial Sale
  • StatusACT
  • Virtual TourView Tour

Amenities

  • Cooling Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling YN Yes
  • Security Features Other, Smoke Detector(s)

Legal

  • Disclosures Owner Is Listing Agent
  • Parcel Number 514216015270
  • Universal Parcel Id urn:reso:upi:2.0:US:12011:514216015270

Based on information submitted to BeachesMLS as of June 5, 2026 8:43 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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