Home/Search/1940 Adams St, Hollywood FL 33020
1940 Adams St, Hollywood FL 330201 / 34
For Sale
Triplex

$885,000

1940 Adams St, Hollywood FL 33020

3

Units

1,958

Building SF

PS-2

Zoning

About This Property

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 from 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.

Property Details

MLS #:A12029788
Price:$885,000
Original Price:$899,900
Status:For Sale
Days on Market:104
Date Listed:Jun 9, 2026
Living Area:1798 sqft
Building Area:1958 sqft
Price per Sqft:$492/sqft
Year Built:1954
Property Type:Residential Income
Property Sub Type:Triplex

Heating:Central, Electric
Cooling:Central Air, Electric, Wall/Window Unit(s)
Window Features:Partial Impact Glass, Blinds
Stories:2
Virtual Tour:Available

Architectural Style:Attached
Construction Materials:Brick
Structure Type:Triplex
Roof:Flat Roof With Facade Front
Exterior Features:Exterior Lights
Fencing:Fenced
Lot Features:Less Than 1/4 Acre Lot, Interior Lot
Sewer:Public Sewer

Total Parking:6

Area/Region:Hollywood
Zoning:PS-2

Price per Sqft:$492/sqft
Annual Tax Amount:$17,189
Tax Year:2025
Listing Terms:All Cash, Conventional, FHA, VA Loan
Possession:Funding
Parcel Number:514215016420
Legal Description:HOLLYWOOD 1-21 B LOT 26 BLK 32
REsource

REsource

Real Estate Source Company

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Location

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Listing courtesy of Redfin Corporation. Data last updated September 21, 2026 at 04:56 PM.