Property 3191 SW 23rd Street, Miami, FL 33145 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 Street, Miami, FL 33145
- Price:
- $1,800,000.00
- Original List Price:
- $1,950,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $404.31
- Tenant Pays:
- Electricity, Interior Electric
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- June 6, 2026 5:27 pm
- Built-Up Area:
- 4,452 Sqft
- Lot Size Acres:
- 0.17
- Security:
- Smoke Detector(s), Security Fence
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Window/wall
- Year Built:
- 1969
- Roof:
- Tile
- Number of Buildings:
- 1
- Number of Units Total:
- 6
- Construction Materials:
- CBS
- Flooring:
- Tile
- Number of stories:
- 2
- Road Frontage Type:
- City Street
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $17,544.00
- Tax Year:
- 2025
- Parking Features:
- Assigned, Other
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable, Close Of Escrow
- 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):
- 0141160080450
- Zoning:
- 5700
- Active on the market since:
- March 26, 2026
- Listing Agreement executed on:
- March 26, 2026
- Price change occurred on:
- June 6, 2026 5:27 pm
- Listing Status Last Changed On:
- March 26, 2026 4:00 am
- Photos updated on:
- June 6, 2026 4:31 pm
- Last Modified:
- June 6, 2026 4:32 pm
- Courtesy of:
- 1st Florida Homes
- Attribution:
- Not provided
- Street Name:
- 23rd
- Street Number:
- 3191
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33145
- County:
- Miami-Dade
- Latitude:
- N25° 44' 54.8''
- Longitude:
- W81° 45' 14.7''
- Street Suffix:
- Street
- Street Direction Prefix:
- SW

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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami