$1,250,000

2610 NW 23RD AVE, MIAMI, FL 33142

0 baths5,327 sq ft2 to 4 unitsBuilt 1926
Updated today, November 3, 2026

This home against Melrose

$235 per sq ft, 34% under the Melrose median
276 days on the market
$12,993 in property taxes (2025)

Melrose today: 33 homes for sale, median list price $750,000.

About this home

Attention investors and developers! Rare opportunity to acquire two contiguous lots totaling 11,040 square feet in the heart of Allapattah, one of Miami's fastest-growing neighborhoods—portfolio sale includes adjacent land parcelA11959678 (separate folio) Zoned T4-R and strategically positioned on the NW 27th Avenue corridor, immediately west of the vibrant Wynwood Arts District. The property features an income-producing 5-unit multifamily building with four 1-bedroom/1-bath units plus one spacious 4-bedroom/3-bath unit, all with individual utility meters for water, electricity, and gas to maximize cash flow efficiency. Located in a high-traffic commercial corridor with exceptional growth potential and superior connectivity—just minutes from Wynwood, the Health District, Downtown Miami, and major employment centers, with quick access to SR-836, I-95, and the Airport Expressway. Prime redevelopment opportunity: hold and collect income or capitalize on T4-R zoning for value-add development while the included adjacent lot provides immediate expansion possibilities. Outstanding investment in one of Miami's most rapidly appreciating submarkets.

Zoned schools

Elementary: Maya Angelou Elementary School
Middle: Brownsville Middle School
High: Miami Jackson Senior High School

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Melrose Park, 0.4 mi
Grocery: Ricky's Meats & Deli, 0.4 mi

Distances from the center of Melrose, MIAMI.

Listing courtesy of Julies Realty, LLC. MLS# A11956823.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed January 31, 2026.

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