3191 23rd Street, Miami, FL 33145

$1,580,000 — Active Under Contract

Property Features

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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.

Property Details

  • Listing ID: A12096429
  • Status: Active Under Contract
  • Listing Date: 2026-09-26
  • Property Type: Quadruplex
  • Subdivision: MIAMI SUBURBAN ACRES
  • County: Miami-Dade
  • MLS Area: 2410
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 4,452
  • Lot Dimensions: 7,325 sf
  • Year Built: 1969

Financial

  • List Price: $1,580,000
  • HOA Fee: None
  • Taxes: $17,544/yr

Features & Amenities

  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall, Separate Meters
  • Flooring: Tile
  • Construction: CBS
  • Roof: Flat, Tile

Courtesy of 1st Florida Homes
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© 2026 Starfish Real Estate. Listings updated Nov 9, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.