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Homes for sale in Miami
Quadruplex

3191 SW 23rd St

Miami, FL 33145
$1,580,000
Sq ft
4,452
Year built
1969
Price per sq ft
$355

Listing courtesy of Hillevi Simon, 1st Florida Homes

About this home

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.

Details

Property

Type
Quadruplex
Style
Detached
Building
Fourplex
Year built
1969
Stories
2
Building name
MIAMI SUBURBAN ACRES
Subdivision
MIAMI SUBURBAN ACRES
County
Miami-Dade County
Flood zone
X

Interior

Flooring
Tile
Cooling
Wall/Window Unit(s)
Heating
Window/Wall

Exterior and parking

Construction
CBS Construction
Roof
Flat Tile

Community and fees

Annual taxes
$17,544
Terms
All Cash

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 28, 2026.