1946 Pierce St, Hollywood, FL 33020

Matthews™ is pleased to present 1946 Pierce St, an 11-unit multifamily property located in the core Hollywood submarket of Hollywood, Florida. The property sits on a ±0.25-acre infill parcel and features a highly desirable unit mix consisting predominantly of one-bedroom residences.

The asset is strategically positioned near Downtown Hollywood, US-1, I-95, and Fort Lauderdale–Hollywood International Airport, offering tenants convenient access to major employment centers and retail corridors. The surrounding market continues to experience limited new multifamily supply, supporting long-term rent growth.

From an investment standpoint, the property offers a clear mark-to-market value-add opportunity, with in-place rents approximately 11% below prevailing market levels. Through organic rent growth alone, annual income can increase by more than $40,000, driving NOI toward $200,000 without significant capital expenditure.

At the $2.35M list price, the asset is positioned to attract investors seeking a modernized, stabilized Hollywood multifamily asset with durable cash flow and long-term appreciation potential in a supply-constrained Broward County market.