# 2531 Pierce Street, Hollywood, FL 33020 > **TL;DR:** 3bd/0ba multi-family, $599,850 ($417/sqft), built 1949, 1,440 sqft. > A/C. Est. $3,208/mo. Listed 154 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $599,850 | | Price/sqft | $417 | | Bedrooms | 3 | | Square Feet | 1,440 | | Year Built | 1949 | | Lot Size | 15,246 sqft (0.35 acres) | | Stories | 1 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 154 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,033 | | Estimated Insurance | $175 | | **Total** | **$3,208** | ## Nearby Schools - **Elementary:** Oakridge - **Middle:** Olsen - **High:** South Broward ## Key Amenities - A/C ## Property Highlights - Built in 1949 - 0.35 acre lot ## Description ### Agent Description 33% OFF: Rare opportunity offers not one, but two ways to generate great returns in today's market while protecting your downside. Acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 33% below market value. With lots of new development underway nearby, investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home (that can operate as two units: a 2/1 and a 1/1) or solely as a land play; the true value is in both. There are two development strategies. Option 1: 9-Unit Development: Keep the existing structure as a 3 bed 2 bath home while developing 8 additional approximately 760 square foot, 2-bedroom apartments on the same lot, for a total of 9 units. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Build cost:~$1.6M. All in:~$2.2M. Projected value:$3M+ = ~$800k instant equity. Potential ~10% cap rate. Option 2: 6-Unit Turnkey Development. Retain the existing structure, configured as two units: a 2/1 and a 1/1, and add two factory-built steel duplexes, each featuring two 3 bed 2 bath units for 6 units total. The manufacturer handles plans and permits, with the duplexes delivered and installed by crane. This streamlined, turnkey approach is designed to minimize development complexity and costs while maximizing cash flow. Build cost:~$1.1M. All in:~$1.7M. Projected value:~$2.5M = ~$600k instant equity. Potential 10%+ cap rate. You also have a third option of tearing down the existing structure and building townhomes similar to the development across the street. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. Land buildable for three bedrooms units generally sells for more than double land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land or 4 (3 bedroom) units for buildable land; market value ~$900k. 1 bed rents: $1.6k-$1.9k/mo. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information. ## Location - **Address:** 2531 Pierce Street, Hollywood, FL 33020 - **County:** Broward - **Neighborhood:** HOLLYWOOD LITTLE RANCHES - **Coordinates:** 26.016414, -80.158484 - **Google Maps:** https://www.google.com/maps?q=26.016414,-80.158484 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL-33020/unbranded ## Listing Agent - **Name:** Michael J Sheer · **License:** 3355952 - **Brokerage:** United Realty Group Inc - **Broker Phone:** (954) 450-2000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2531-Pierce-St_Hollywood_FL_33020_M63956-20926?f=listhub&s=RMLSFL&m=B26036914&c=propsimple) ## Photos ![2531 Pierce Street - Photo 1](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1009346212r.jpg) ![2531 Pierce Street - Photo 2](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3686256071r.jpg) ![2531 Pierce Street - Photo 3](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3195408318r.jpg) ![2531 Pierce Street - Photo 4](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f2955294323r.jpg) ![2531 Pierce Street - Photo 5](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f102228108r.jpg) ![2531 Pierce Street - Photo 6](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f909704443r.jpg) ![2531 Pierce Street - Photo 7](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3381859791r.jpg) ![2531 Pierce Street - Photo 8](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3149759861r.jpg) ![2531 Pierce Street - Photo 9](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3581748999r.jpg) ![2531 Pierce Street - Photo 10](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f4127007761r.jpg) ![2531 Pierce Street - Photo 11](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1131411528r.jpg) ![2531 Pierce Street - Photo 12](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f2468335669r.jpg) ![2531 Pierce Street - Photo 13](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f204108498r.jpg) ![2531 Pierce Street - Photo 14](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3259399465r.jpg) ![2531 Pierce Street - Photo 15](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1454429207r.jpg) ![2531 Pierce Street - Photo 16](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3425927646r.jpg) ![2531 Pierce Street - Photo 17](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3051100876r.jpg) ![2531 Pierce Street - Photo 18](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f2553734750r.jpg) ![2531 Pierce Street - Photo 19](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f2500136491r.jpg) ![2531 Pierce Street - Photo 20](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3236253518r.jpg) ![2531 Pierce Street - Photo 21](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f273585085r.jpg) ![2531 Pierce Street - Photo 22](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f724032965r.jpg) ![2531 Pierce Street - Photo 23](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1495718401r.jpg) ![2531 Pierce Street - Photo 24](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f4014012312r.jpg) ![2531 Pierce Street - Photo 25](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f2090104351r.jpg) ![2531 Pierce Street - Photo 26](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f757522285r.jpg) ![2531 Pierce Street - Photo 27](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f625036777r.jpg) ![2531 Pierce Street - Photo 28](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1102744495r.jpg) ![2531 Pierce Street - Photo 29](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1456712963r.jpg) ![2531 Pierce Street - Photo 30](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f143991885r.jpg) ![2531 Pierce Street - Photo 31](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f747360015r.jpg) ![2531 Pierce Street - Photo 32](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3201097943r.jpg) ![2531 Pierce Street - Photo 33](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1861146186r.jpg) ![2531 Pierce Street - Photo 34](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1078519494r.jpg) ![2531 Pierce Street - Photo 35](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f297681965r.jpg) ![2531 Pierce Street - Photo 36](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f2731971415r.jpg) ![2531 Pierce Street - Photo 37](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f1126098630r.jpg) ![2531 Pierce Street - Photo 38](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3571844342r.jpg) ![2531 Pierce Street - Photo 39](http://lh.rdcpix.com/d267375ab530fd58cf011143efabd3cdl-f3223676515r.jpg) --- **MLS#:** B26036914 | **Updated:** 2026-10-31 **Source:** listhub *Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/2531-pierce-street-hollywood-fl-33020-91d91c39bd2445559938d038ded2acf7) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/2531-pierce-street-hollywood-fl-33020-91d91c39bd2445559938d038ded2acf7#listing", "url": "https://staging.propertysimple.ai/listing/2531-pierce-street-hollywood-fl-33020-91d91c39bd2445559938d038ded2acf7", "name": "2531 Pierce Street, Hollywood, FL 33020", "description": "33% OFF: Rare opportunity offers not one, but two ways to generate great returns in today's market while protecting your downside. Acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 33% below market value. With lots of new development underway nearby, investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home (that can operate as two units: a 2/1 and a 1/1) or solely as a land play; the true value is in both. There are two development strategies. Option 1: 9-Unit Development: Keep the existing structure as a 3 bed 2 bath home while developing 8 additional approximately 760 square foot, 2-bedroom apartments on the same lot, for a total of 9 units. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Build cost:~$1.6M. All in:~$2.2M. Projected value:$3M+ = ~$800k instant equity. Potential ~10% cap rate. Option 2: 6-Unit Turnkey Development. Retain the existing structure, configured as two units: a 2/1 and a 1/1, and add two factory-built steel duplexes, each featuring two 3 bed 2 bath units for 6 units total. The manufacturer handles plans and permits, with the duplexes delivered and installed by crane. This streamlined, turnkey approach is designed to minimize development complexity and costs while maximizing cash flow. Build cost:~$1.1M. All in:~$1.7M. Projected value:~$2.5M = ~$600k instant equity. Potential 10%+ cap rate. You also have a third option of tearing down the existing structure and building townhomes similar to the development across the street. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. Land buildable for three bedrooms units generally sells for more than double land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land or 4 (3 bedroom) units for buildable land; market value ~$900k. 1 bed rents: $1.6k-$1.9k/mo. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. 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