Multifamily in 3191 SW 23rd St Miami for sale with MLS# A11991115
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.
3191 SW 23rd St, Miami, FL 33145
- Price:
- $1,950,000.00
- Original List Price:
- $1,950,000.00
- Lease Term:
- Month To Month
- Tenant Pays:
- Electricity
- Lease Terms / Move In Requirements:
- Month-to-Month Lease
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multifamily
- MLS Number:
- A11991115
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 29, 2026 12:21 am
- Built-Up Area:
- 4,452 Sqft
- Lot Area:
- 7,325 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Security:
- Smoke Detector(s), Fenced
- Exterior:
- Storm Security Shutters
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Wall Furnace, Window Unit
- Storm Protection:
- Complete Storm Panels
- Year Built:
- 1969
- Year Built Details:
- Resale
- Roof:
- Tile
- Number of Buildings:
- 1
- Number of Units Total:
- 6
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Tile
- Structure Type:
- Multifamily
- Stories:
- 2
- Road Frontage Type:
- City Street
- Tax Annual Amount:
- $17,544.00
- Tax Year:
- 2025
- Security Deposit Description:
- Security Deposit
- Covered Spaces:
- 0
- Parking Features:
- Assigned, Other
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Tenant
- Buyer Possession:
- Close Of Escrow, Closing And Funding
- Tax Legal Description:
- MIAMI SUBURBAN AC PB 2-84 W1/2 OF S1/2 LOT 12 BLK 3 LOT SIZE 7325 SQUARE FEET OR 15319-3680 1291 1
- Real Estate Folio Number (Parcel Number):
- 01-41-16-008-0450
- Zoning Description:
- 5700
- Originally published on:
- March 29, 2026 12:21 am
- Active on the market since:
- March 26, 2026
- Price change occurred on:
- March 29, 2026 12:21 am
- Listing Status Last Changed On:
- March 29, 2026 12:21 am
- Photos updated on:
- April 9, 2026 3:28 am
- Last Modified:
- April 9, 2026 3:28 am
- Property Description:
- 6-Unit Value-Add Multifamily
- Flood Zone:
- X
- Subdivision Number:
- 8
- Municipal Code:
- 1
- Courtesy of:
- 1st Florida Homes
- Attribution:
- Not provided
- Street Name:
- 23rd St
- Street Number:
- 3191
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33145
- County:
- Miami-Dade
- Latitude:
- N25° 44' 54.5''
- Longitude:
- W81° 45' 14.7''
- Street Direction Prefix:
- SW
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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