3191 SW 23rd St, Miami, FL 33145

• 4,452 sqft

Property Description

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.

Listing Status:

Active

Date Added:

March 26, 2026

Data Last Updated:

April 5, 2026 at 5:07PM

Listing Office:

1st Florida Homes : 954-989-4909

Listing Agent:

Hillevi Simon : 305-619-4435

MLS ID:

A11991115

Interior

• Flooring: Tile
• A/C: Wall/Window Unit(s)
• Heating: Wall/Window Units

Exterior

• Parking: Additional Spaces AvailableAssignedOther

Construction

• Roofing: Tile Roof
• Windows: Complete Panel Shutters/Awnings
• General: CBS Construction2

Location

• Road/Access: City Street
• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 5700MIAMI SUBURBAN AC PB 2-84 W1/2 OF S1/2 LOT 12 BLK 3 LOT SIZE 7325 SQUARE FEET OR 15319-3680 1291 101-41-16-008-0450
• Current Use: Income Non-Waterfront

Utilities

• Water: Public
• Sewer: Public Sanitation

Financial

• Source: Miami Association of REALTORS®