Press Releases
Marcus & Millichap Arranges $4.37M Sale of Multifamily Property in Hallandale Beach
September 01, 2026
HALLANDALE BEACH, Fla., Sept. 1, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Legacy Heights Townhomes, an 11-unit multifamily property in Hallandale Beach, Florida for $4,368,157. The property sold for $420,455 per unit, a record price per unit for non-waterfront commercial multifamily properties in Hallandale Beach.
“This transaction reflects the continued strength of investor demand for well-located, turn-key multifamily assets in South Florida,” said Austin Michels, associate director investments in Marcus & Millichap's Fort Lauderdale office. “Legacy Heights traded all-cash after drawing multiple competitive offers within the first week of marketing and moving from list to contract in just two weeks.”
Michels, Evan Kristol, Felipe Echarte, and Brandon Rex of Marcus & Millichap exclusively marketed the property on behalf of the seller, a local private investor, and procured a first-time local buyer with no re-trade or credits through due diligence.
Legacy Heights Townhomes, located at 322-324 NE 3rd St., is a 14,246-square-foot multifamily property featuring two two-story buildings on a 0.67-acre lot. Built in 2007, the unit mix includes three two-bedroom townhomes and eight three-bedroom townhomes with private attached garages. Within the last three years, 10 of the 11 units have been completely renovated with new kitchens, flooring, appliances, lighting and updated bathrooms. All units have a washer/dryer and a private fenced-in backyard. Amenities include a recently upgraded community pool, on-site parking and an electronic gate entry system.
The property is situated near the intersection of Hallandale Beach Boulevard and US Route 1. It is close to downtown Hallandale Beach, the Big Easy Casino and Aventura.
“This transaction reflects the continued strength of investor demand for well-located, turn-key multifamily assets in South Florida,” said Austin Michels, associate director investments in Marcus & Millichap's Fort Lauderdale office. “Legacy Heights traded all-cash after drawing multiple competitive offers within the first week of marketing and moving from list to contract in just two weeks.”
Michels, Evan Kristol, Felipe Echarte, and Brandon Rex of Marcus & Millichap exclusively marketed the property on behalf of the seller, a local private investor, and procured a first-time local buyer with no re-trade or credits through due diligence.
Legacy Heights Townhomes, located at 322-324 NE 3rd St., is a 14,246-square-foot multifamily property featuring two two-story buildings on a 0.67-acre lot. Built in 2007, the unit mix includes three two-bedroom townhomes and eight three-bedroom townhomes with private attached garages. Within the last three years, 10 of the 11 units have been completely renovated with new kitchens, flooring, appliances, lighting and updated bathrooms. All units have a washer/dryer and a private fenced-in backyard. Amenities include a recently upgraded community pool, on-site parking and an electronic gate entry system.
The property is situated near the intersection of Hallandale Beach Boulevard and US Route 1. It is close to downtown Hallandale Beach, the Big Easy Casino and Aventura.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
