3191 SW 23rd St, Miami FL 33145
$1,950,000
Est. Payment $10,379/mo
1969
Year Built
2
Stories
14
Days on Market
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.
Facts
- MLS#
- A11991115
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Income/MultiFamily
- Year Built
- 1969
- Lot Size
- 7,325 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 14 days
- Listed
- Mar 26, 2026
- Last Updated
- Apr 9, 2026
- Price/Lot Sq.Ft.
- $266/ft²
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
36
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 3/26/2026 | Listed for sale | $1,950,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Lake Forest Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.4 mi
- Point Of Grace Christian Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.4 mi
- Annunciation School
PK,KG,1,2,3,4,5,6,7,8 · private · 0.5 mi
- Mimi's Learning Center
PK,KG,1,2,3,4,5,UG · private · 0.5 mi
- Watkins Elementary School
PK,KG,1,2,3,4,5 · public · 0.6 mi
- West Park High School
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.7 mi
- Aukela Christian Military Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.7 mi
- ECB Educational Center
PK,TK,KG,1,2,3,4,5,6,7,8 · private · 0.7 mi
- Miami Christian Academy
KG,1,2,3,4,5,6,7,8 · private · 0.8 mi
- Dr Michael M. Krop Senior High School
9,10,11,12 · public · 0.9 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$12,154/mo
Principal & Interest
$10,379
Property Tax
$1,625
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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