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6124 Pembroke Rd, Miramar FL 33023

Multi-family For Sale
$1,350,000

BTC: 22.50000000

ETH: 846.55951941

-$50K (2026/01/20)
182 days
0 room(s)
3,670 sqft

Overview

Exceptional value-add multifamily opportunity at 6124 Pembroke Road, Miramar, FL 33023. This 8-unit property includes two 1BD/1BA apartments and six studio units, offering a versatile mix in a high-demand rental corridor. Seven of the eight tenants are on month-to-month leases, allowing immediate upside through rent adjustments or renovations. The property produces $140,520 in current annual gross income, translating to an impressive near-7% going-in cap rate from day one—without raising rents. Ideally located on highly trafficked Pembroke Road, just off 441, the asset is extremely easy to rent and centrally positioned close to major highways and essentials. Additional highlights include updated mini-split A/Cs, several renovated interiors, an on-site coin laundry room, and a large garage for storage with potential to convert into a 9th unit. Seller financing is available with very attractive terms.

Location

Florida • Miramar • 33023 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1975
Lot:
No Data
Heating:
Zoned
Price/sqft:
$368
Cooling:
Zoned
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,197,000
$669K – $1.3M
Confidence Low
List vs. estimate
$153K above estimate
List $1,350,000 · +12.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$367
-18.5% vs. city median $451
Based on
12 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$25,560
2025
Parking
8 spaces
All facts and features

  • Flooring

    • Other

    • Tile

    • Vinyl

    Heating

    • Zoned

    Cooling

    • Zoned

  • Other Property Information

    • Parcel Number: 514124160270

    • Zoning: ML

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $25,560

  • Source details

    • MLS ID: A11927967

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 3670

    • Subdivision Name: WELWYN MANOR

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33023
199
median $539K
Active
Same city
Miramar
441
median $530K
Active
Same type
Multi-family
4
median $1.5M
Active
Similar price
$944K – $1.8M
70
median $1.1M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc