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506 N 56th Ave, Hollywood FL 33021

Multi-family For Sale
$539,000

BTC: 6.63056963

ETH: 220.08983258

New
0 room(s)
1,601 sqft

Overview

Excellent Investment Opportunity in Hollywood, FL! Vacant duplex offering two 2-bedroom, 1-bath units with approximately 1,601 total sq. ft. of living space. This single-story property is ready for immediate occupancy, making it an excellent opportunity for an investor or owner-occupant looking to live in one unit and rent the other. Property features include impact windows, central A/C, and approximately 4 parking spaces. Conveniently located near shopping centers, restaurants, major roadways, and the Seminole Hard Rock Hotel & Casino. With both units currently vacant, the new owner has the flexibility to select tenants and establish new leases at current market rents or occupy one unit immediately. No waiting for existing leases to expire. Great opportunity to own an income-producing duplex in a desirable Hollywood location!

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1960
Lot:
No Data
Heating:
Central
Price/sqft:
$337
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$542,250
$412K – $614K
Confidence Low
List vs. estimate
At estimate
List $539,000 · -0.6%
List is in line with recent comparable activity.
Price per sq ft
$336
-15.9% vs. city median $400
Based on
32 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$9,306
2025
Parking
4 spaces
All facts and features
  • Flooring

    • Ceramic Floor

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 514113022700

    • Zoning: RM-9

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $9,306

  • Source details

    • MLS ID: A12078988

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Architectural Style: Attached

    • Living Area: 1601

    • Subdivision Name: HOLLYWOOD BEACH GARDENS

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: United Realty Group Inc