318 Walnut Street, Hollywood, FL 33019

$3,200,000 — Active

Property Features

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Rare opportunity to acquire a boutique 7-unit multifamily property a short walk from the beach in Hollywood's desirable North Beach neighborhood. Currently operating as a short-term rental portfolio with city and state licenses in place, this property offers exceptional flexibility — continue the turnkey hospitality operation, convert to long-term rentals, or pursue future redevelopment.Property Features: 7 units: 4 studio units and 3 One(1) bedroom units, all rehabbed in 2023 with NEW ROOF. One-story building with on-site parking on 6,291 SF lot (0.15 acres). . Zoned NBBD-DZ, offering potential redevelopment opportunities (buyer to verify).Prime Location — a short walk to Hollywood Beach, the Broadwalk, the Intracoastal Waterway, plus restaurants, cafes, shopping, and entertainment.Investment Highlights: priced at land value; rental income is buyer upside. Operating short-term rental business with licenses in place. Ideal for boutique hospitality, vacation rentals (subject to local regulations), or a long-term multifamily hold. Redevelopment potential under current zoning — strong potential for 3 townhomes (buyer to verify with the city). The surrounding neighborhood continues to experience significant redevelopment, with luxury residential and boutique hospitality projects driving long-term appreciation. Buyer to verify all information.

Property Details

  • Listing ID: A12099742
  • Status: Active
  • Listing Date: 2026-10-06
  • Property Type: Quadruplex
  • Subdivision: HOLLYWOOD CENTRAL BEACH
  • County: Broward
  • MLS Area: 3010
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: N/A
  • Lot Dimensions: 6300
  • Year Built: 1959

Financial

  • List Price: $3,200,000
  • HOA Fee: None
  • Taxes: $32,461/yr

Features & Amenities

  • Cooling: Other
  • Heating: Other, Separate Meters
  • Flooring: Other
  • Construction: Other
  • Roof: Other

Courtesy of Pink Miami Real Estate
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