Updated Duplex with Separate
6046 SW 40th St, Miramar, FL 33023
For Sale
New
$450,000
Residential Income, Miramar, FL
Property Size1,716 SF
Price / SF$262.24
Days on Market1
Property Features for 6046 SW 40th St
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Security features
Exterior features
Subdivision
Lot features
Standard status
APN
Size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
in-unit washer/dryer
accordion hurricane shutters
large backyard
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Real Broker, LLC
Listed By:
Lance Randall · License #3360096
(954) 214-8263
Added: Nov 6
Last Checked: Nov 6 at 9:06PM
MLS# A12113245
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,716-square-foot duplex contains two residences, each configured with two bedrooms and two bathrooms. Both kitchens include a refrigerator, range and oven, microwave, and dishwasher. Washer and dryer sets are located within each unit. The building has central heating and air conditioning, tile flooring, concrete block and stucco construction, and a shingle roof replaced in 2024. Accordion hurricane shutters and separate electric meters serve the property.
Each unit has two assigned parking spaces, and the property includes a large backyard. The duplex is in Miramar, a few blocks from the Florida Turnpike. Hard Rock Stadium and Gulfstream Park are a short drive away, with shopping, dining, and entertainment options also nearby. Both Fort Lauderdale-Hollywood and Miami International Airports are accessible from the property.
Each unit has two assigned parking spaces, and the property includes a large backyard. The duplex is in Miramar, a few blocks from the Florida Turnpike. Hard Rock Stadium and Gulfstream Park are a short drive away, with shopping, dining, and entertainment options also nearby. Both Fort Lauderdale-Hollywood and Miami International Airports are accessible from the property.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 1,716 square feet of living area
- Roof replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,146
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,920
$402.9K
Cap Rate 7%
$287,800
$287.8K
Cap Rate 9%
$223,844
$223.8K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$29.7K $17.28/SF
− Vacancy
−$872 −$0.51/SF
EGI
$28.8K $16.77/SF
− OpEx
−$8.6K −$5.03/SF
NOI
$20.1K $11.74/SF
Area
Miramar, FL
Vacancy
2.94%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,920
Cap Rate 7%
$287,800
Cap Rate 9%
$223,844
Alternative Uses
Best Use
Multifamily LT 5
$287.8K
$251.8K – $335.8K
NOI $20,146 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$252.4K
$220.9K – $294.5K
NOI $17,669 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$798.6K
$698.8K – $931.7K
NOI $55,900 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Broward County, FL
Properties on Market for Duplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has in-unit laundry, assigned parking, and a private outdoor area.
Where is this duplex located?
The property is located at 6046 SW 40th St Miramar, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 1,716 square feet of living area; Roof replaced in 2024
