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3191 SW 23rd St, Miami FL 33145

Multi-family For Sale
$1,580,000

BTC: 19.00408949

ETH: 596.22641509

New
0 room(s)
4,452 sqft

Overview

Prime 6-unit multifamily investment opportunity in a high-demand Miami location, just minutes from Coral Gables, Coconut Grove, and Downtown. Property features a mix of 2-bedroom/1-bath and 1-bedroom/1-bath units on a 7,325 SF lot. Fully occupied with long-term tenants, providing stable in-place income. Current rents are below market, offering significant value-add potential and strong upside through rent repositioning. Recent capital improvements include updated electrical panels, completed 40-year recertification, and hurricane shutters. Ample on-site parking with additional street parking. Centrally located with immediate access to major roadways, employment centers, and Miami International Airport. Pro forma cap rate available upon request.

Location

Florida • Miami • 33145 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1969
Lot:
No Data
Heating:
Window/Wall
Price/sqft:
$355
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,250,000
$990K – $1.5M
Confidence Low
List vs. estimate
$330K above estimate
List $1,580,000 · +26.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$354
-19.6% vs. city median $441
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $775K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$17,544
2025
Parking
10 spaces
All facts and features

  • Flooring

    • Tile

    Heating

    • Window/Wall

    Cooling

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 01-41-16-008-0450

    • Zoning: 5700

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $17,544

  • Source details

    • MLS ID: A12096429

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Window Features: Complete Accordian Shutters

    • Architectural Style: Detached

    • Living Area: 4452

    • Subdivision Name: MIAMI SUBURBAN ACRES

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
33145
99
median $980K
Active
Same city
Miami
6,743
median $635K
Active
Same type
Multi-family
264
median $905K
Active
Similar price
$1.1M – $2.1M
819
median $1.4M
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: 1st Florida Homes