How much is 2531 Pierce Street?

2531 Pierce Street is listed at $629,750, about $353 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 2531 Pierce Street?

The listing reports net operating income of $20,131 a year, a cap rate of about 3.2% at the $629,750 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 2531 Pierce Street zoned?

The listing reports zoning of RM-18. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 2531 Pierce Street?

The listing reports 1,785 square feet of building.

When was 2531 Pierce Street built?

2531 Pierce Street was built in 1949. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 2531 Pierce Street?

The listing reports annual property taxes of $9,667 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 2531 Pierce Street?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

2531 Pierce Street, Hollywood FL

$629,750 · $353 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $629,750
Price per sq ft: $353
Building size: 1,785 sq ft
Lot size: 15,246 sq ft
Zoning: RM-18
Year built: 1949
Stories: 1
Net operating income: $20,131/yr
Cap rate: 3.2%
Parking spaces: 4
Units leased / vacant: 2 leased · — vacant
Parcel ID: 514216015270
MLS#: B26036967

IMG_2979 2 at 2531 Pierce Street, Hollywood

Z1 copy at 2531 Pierce Street, Hollywood

IMG_2961 at 2531 Pierce Street, Hollywood

Z3 copy at 2531 Pierce Street, Hollywood

About this property

This is how 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 (the right to build 8 more units), walking distance from schools, library, parks & Downtown Hollywood, at over 30% below market value. Lots of new development 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 or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. 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. 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. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. 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.

Building Features and Utilities

Cable Connected
Electricity Connected
Other
Phone Connected
Sewer Connected
Water Connected
Block
Concrete
Stucco
CBS
Concrete Block - With Stucco

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
2 Bedroom	1	2 / 1	—	$1,850/mo	—
1 Bedroom	1	1 / 1	—	$1,262/mo	—

2 units. Reported rent $37,344 a year ($3,112 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross scheduled income	$37,344/yr
Gross income	$37,344/yr
Property taxes	$9,667/yr
Insurance	$3,226/yr
Other	$4,320/yr
Total operating expenses	$17,213/yr
Net operating income	$20,131/yr
Cap rate at asking price	3.2%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 2531 Pierce Street

Included: Building, Land, Other

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

United Realty Group Inc. · pbrownell@urgfl.com · Listing agent: Michael J Sheer

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 2531 Pierce Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 2531 Pierce Street

How much is 2531 Pierce Street?: 2531 Pierce Street is listed at $629,750, about $353 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 2531 Pierce Street?: The listing reports net operating income of $20,131 a year, a cap rate of about 3.2% at the $629,750 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 2531 Pierce Street zoned?: The listing reports zoning of RM-18. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 2531 Pierce Street?: The listing reports 1,785 square feet of building.
When was 2531 Pierce Street built?: 2531 Pierce Street was built in 1949. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 2531 Pierce Street?: The listing reports annual property taxes of $9,667 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 2531 Pierce Street?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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