Mid Core Market Analysis 2-20 Units
861 Properties and 3,536 Apartment Units
Parkside and Royal Poinciana are adjacent neighborhoods near Downtown Hollywood characterized by older, low- to mid-density residential stock. A notable feature is the prevalence of small multifamily buildings (duplexes up to 20-unit apartments), which make up a large share of the housing in these neighborhoods. According to the data on “Mid-Core Residential Income Properties (2–20 Units),” there are a total of 836 such buildings, containing about 3,536 apartment units in Parkside and Royal Poinciana combined.
Discover why now is the ideal time to sell your 2-20 unit property in Parkside & Royal Poinciana. Market data shows strong demand and rising prices.
Implications for Parkside & Royal Poinciana Market • Mid-core inventory (2–4 units) continues to be a highly active and resilient asset class. • Cap rate compression is likely occurring, especially with more investor competition and limited new inventory in this size bracket. • Owner-operators and small syndicators remain the most likely buyers, drawn by price points under $300K/unit and below $350/SF. • Demand is likely fueled by broader rent growth in Downtown Hollywood, spurred by new high-rise development and spillover effects.
