$1,580,000

3191 SW 23RD ST, MIAMI, FL 33145

0 baths4,452 sq ft2 to 4 unitsBuilt 1969
Updated today, November 3, 2026

This home against Douglas Park

$355 per sq ft, 25% under the Douglas Park median
40 days on the market
$17,544 in property taxes (2025)

Douglas Park today: 86 homes for sale, median list price $534,950.

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.

Zoned schools

Elementary: Frances S. Tucker K-8 Center
Middle: Ponce de Leon Middle School
High: Coral Gables Senior High School

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Douglas Park, 0.4 mi
Grocery: Milam's Market, 0.5 mi

Distances from the center of Douglas Park, MIAMI.

Listing courtesy of 1st Florida Homes. MLS# A12096429.

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

Listed September 24, 2026.

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