Active Under Contract

1940 Adams Street

Hollywood, FL 33020
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Bed 4

Bed

Bath 4

Bath

SqFt1,798

Sqft

Rare opportunity to own an income-producing triplex with future redevelopment potential. This property features one 2-bedroom, 2-bath unit on the first floor and two 1-bedroom, 1-bath units on the second floor. The two 1-bedroom units are leased annually and the 2-bedroom unit is on a month-to-month lease, providing flexibility for an owner-occupant. Renovated in 2023 and offered furnished, the property features porcelain flooring, a marble staircase and entrance, updated kitchen appliances, newer HVAC systems and window units (2024-2025), three water heaters installed in 2025, impact windows throughout except the front windows, keyless entry, security cameras, three separate electric meters, no popcorn ceilings, and parking. The roof was fully replaced in May 2026. Located just minutes fr om the beach, shopping, dining, and major expressways, this property offers more than just current income. Zoned PS-2 (Parkside Medium Intensity Multi-Family District), the property allows short-term rentals (Airbnb) creating additional income opportunities. The unique lot configuration, unlike neighboring properties, potentially allows for the construction of up to 9 units as the building is positioned toward the rear of the lot (Buyer to verify all redevelopment and zoning possibilities with the city). This triplex offers exceptional value in a growing area with opportunities to have immediate cash flow, short-term rentals or future development potential.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $885,000

AD Id : 81995159

MLS Id : A12029788

Beds : 4

Living Area Size : 1,798 Sq. Ft

Tax Amount : $17,189

Year Built : 1954

County : Broward

Subdivision: Hollywood

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Feature Features

  • Interior Features

    Roof: Flat
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric, SeparateMeters Has Cooling: Yes Cooling: CentralAir, Electric, WallWindowUnits

  • Building Information

    Year Built: 1954
    Building Area Total: 1958
    Construction Materials: Brick
    Private Pool: No
  • Exterior Features

    Exterior Features: Lighting

  • Lot Information

    Lot Description: InteriorLot

    Property Information

    Subdivision: HOLLYWOOD Source Property Type: ResidentialIncome MLS Area Minor: HWCE - Hollywood Central (3070-3100) Postal Code Plus 4: 5570 Property SubType: Triplex Property Age: 72

  • Listing Price Information

    Listing Price: $885000
    Original Price: $899900
    Cash, Conventional, FHA, VaLoan

  • Tax Information

    Parcel Number: 514215016420 Tax Year: 2025 Annual Tax: $17189 Tax Legal Desc: HOLLYWOOD 1-21 B LOT 26 BLK 32

  • Parking Information

    Parking Total: 6

  • School Information

    Elementary School: Hollywood Central Junior High School: Olsen Senior High School: South Broward
  • Utility Information

    CableAvailable
  • Location Information

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1914 Sheridan St Street.., Hollywood, FL, 33020 $629,000 3 3 1,684 7,123 Sq. Ft
1922 Jefferson Street, Hollywood, FL, 33020 $875,000 6 5 2,262 --
1942 Buchanan Street, Hollywood, FL, 33020 $1,800,000 5 3 1,871 10,909 Sq. Ft
2512 Arthur Street, Hollywood, FL, 33020 $449,999 2 2 1,000 6,480 Sq. Ft
1743 Rodman Street, Hollywood, FL, 33020 $1,265,000 2 3 2,585 10,836 Sq. Ft
2040 Polk Street, Hollywood, FL, 33020 $1,799,000 7 2 3,040 4,699 Sq. Ft
2620 Harding Street, Hollywood, FL, 33020 $665,000 3 3 1,551 --
2531 Pierce Street, Hollywood, FL, 33020 $629,750 3 2 1,440 15,393 Sq. Ft
1923 N 23rd Avenue, Hollywood, FL, 33020 $669,000 4 2 1,401 --
1927/1929 Roosevelt St, Hollywood, FL, 33020 $2,195,000 1 1 6,450 --

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ByOwner last updated this listing 09/19/2026 @ 20:52

MLS: A12029788 LISTED BY: Natacha Bednarczyk, Redfin Corporation 617-458-2883 SOURCE: Beaches MLS

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