Duplex in 2740 SW 23rd St Miami for sale with MLS# A11920863

Exceptional investment opportunity delivering a strong cap rate with long-term tenants already in place. All units are on month-to-month leases, providing immediate flexibility to reposition, raise rents, or redevelop in a high-barrier, high-demand market. Built in 1988, this concrete construction with PVC plumbing offers approximately 5,000 sq ft of living area on a 7,500 sq ft duplex-zoned lot. The property provides an impressive footprint and scale that are rarely available in this corridor. Situated in the booming Silver Bluff neighborhood-directly across from Publix and just minutes from COCONUT GROVE AND CORAL GABLES-the location is a premium rental zone with extremely limited affordable inventory. This ensures constant tenant demand and virtually zero vacancy risk. Multi-year tenants provide proven cash-flow stability, while the 3-story new-construction townhomes rising directly behind the property highlight the area's rapid appreciation. This is a rare opportunity to secure a large, high-performing asset with substantial upside from day one.

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Days on the market

2740 SW 23rd St, Miami, FL 33145

Price
Price:
$1,449,000.00
Original List Price:
$1,449,000.00
Lease Details
Rent Includes:
Water, Electricity
Property Status and Type
Listing Type:
For Sale
Status:
Pending (An offer has been accepted)
Contingency:
Financing
Listing Category:
Residential Income (Multifamily 2-4)
Property Type:
Duplex
MLS Number:
A11920863
Description of Last Important Update:
Pending (An offer has been accepted)
Last Major Update on:
March 5, 2026 3:44 pm
Measures
Living Area:
4,761 Sqft
Built-Up Area:
5,696 Sqft
Lot Size Unit:
Square Feet
Lot Features:
Less Than Quarter Acre
Property Features
Waterfront:
No
Air Conditioning
Air Conditioning System:
Central Air, Wall/window Unit(s)
Heating
Heating System:
Central, Wall Furnace
Construction
Year Built:
1988
Year Built Details:
Effective Year Built
Roof:
Barrel
Levels:
Two
Construction Materials:
Block
Flooring:
Tile
Stories:
2
Taxes and Expenses
Tax Annual Amount:
$21,681.00
Tax Year:
2024
Property Tax Status:
Tax Reflects No Exemptions
Parking
Parking Total Spaces:
6
Covered Spaces:
0
Utilities
Sewer:
Public Sewer
Utilities Available:
Cable Available
Community
Subdivision Name:
AMND MIAMI SUBURBAN ACRES
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Tenant
Buyer Possession:
Closing And Funding
Lease Considered:
No
Zoning and Legal
Tax Legal Description:
16 54 41 PB 4-73 AMD PLAT OF MIAMI SUB ACRES LOT 7 BLK 12 LOT SIZE 50.000 X 150 75R-64382
Real Estate Folio Number (Parcel Number):
01-41-16-009-5570
Zoning Description:
5700
Listing History
Originally published on:
December 1, 2025 10:17 am
Active on the market since:
December 1, 2025
Price change occurred on:
November 25, 2025 10:48 am
Listing Status Last Changed On:
March 5, 2026 3:44 pm
Photos updated on:
December 1, 2025 3:37 pm
Last Modified:
March 5, 2026 8:45 pm
Additional Information
Flood Zone:
X
Type of Association:
None
Style:
Duplex
Municipal Code:
1
Subdivision Number:
9
Courtesy of:
Compass Florida, LLC
Attribution:
Not provided
Location
Street Name:
23rd St
Street Number:
2740
City:
Miami
State:
Florida
Zip Code:
33145
County:
Miami-Dade
Latitude:
N25° 44' 53.5''
Longitude:
W81° 45' 38.9''
Street Direction Prefix:
SW
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $70,592
Median Home Value $560,300
Median Rent $1,769/mo
Median Age 43
Population 29,454

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 45 Good
🫁 PM2.5 50 Good

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Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.