Quadruplex

3191 SW 23rd St

3191 SW 23rd St, Miami FL 33145

$1,800,000

For Sale

4,452 SqFt

See estimated monthly cost

This listing is courtesy of 1st Florida Homes. Hillevi Simon

Overview

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 & features

Interior

Living area (sq ft): 4,452

Building & exterior

Year built: 1969

Taxes

Annual tax: $17,544
Tax year: 2025
Parcel number: 01-41-16-008-0450

Listing

MLS number: A12068193
Property type: Quadruplex
Price per SqFt: $404
Subdivision: MIAMI SUBURBAN ACRES
On market since: Mar 26, 2026
Days on market: 179

Estimated monthly cost

$11,914 per month

Down payment (%)

Interest rate (%)

Principal & interest (30 yr): $9,102
Property tax: $1,462
Insurance (estimated): $1,350

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

Location

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Nearby schools

Brito Miami Private School Private · 01-12 · 0.21 mi
Jose Marti School 3rd Campus Private · 04-08 · 0.52 mi
Meni Ninho Meni Ninha School Private · PK-02 · 0.52 mi
English Center Public · 0 · 0.69 mi
Jose Marti School 1st Campus Private · PK-03 · 0.70 mi
Mater Grove Academy Charter · K-8 · 0.71 mi
Mater Brickell Preparatory Academy Charter · K-8 · 0.71 mi
Silver Bluff Elementary Public · PK-5 · 0.74 mi
MLC Preparatory Academy Private · 05-12 · 0.74 mi
Coral Gables Preparatory Academy Public · PK-8 · 0.84 mi
Coconut Grove Montessori Preschool & Elementary School Private · PK-05 · 0.84 mi
Coral Gables Preparatory Academy MLC Public · PK-8 · 0.86 mi
Future Leaders Academy of Miami Private · PK-KG · 0.92 mi
Coconut Grove Montessori School Toddler Campus Private · PK-K · 0.93 mi
Pineview Preschools Douglas Rd Private · 0.99 mi

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