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.

Address

Open on Google Maps

Address: Array
City: Miami
State/county: Miami-Dade
Zip/Postal Code: Array
Area: Miami

Details

Updated on August 27, 2026 at 8:58 am

Property ID Array
Price $1,800,000
Land Area 0.17 Sq Ft
Year Built 1969
Type Multi Family
Property Status Commercial Sale

Additional details

BuildingAreaTotal 4452
CLIP 3934235780
ConstructionMaterials Block
ContractStatusChangeDate 2026-03-29
Cooling Wall/Window Unit(s)
CumulativeDaysOnMarket 153
CurrentPrice 1800000
DaysOnMarket 153
DaysOnMarketReplication 153
DaysOnMarketReplicationDate 2026-08-26
DaysOnMarketReplicationIncreasingYN 1
Directions Google Maps
DocumentsChangeTimestamp 2026-03-29T01:46:56.000-00:00
DocumentsCount 0
Flooring Tile
Heating Wall Furnace
InternetAddressDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR Miami REALTORS
ListAgentAOR Miami Association of REALTORS
ListAgentDirectPhone 305-619-4435
ListAgentEmail realty@hillevisimon.com
ListAgentFirstName Hillevi
ListAgentFullName Hillevi Simon
ListAgentKey 26767053
ListAgentKeyNumeric 26767053
ListAgentLastName Simon
ListAgentMlsId SEF3306526
ListAgentNationalAssociationId 279597271
ListAgentOfficePhone 954-989-4909
ListAgentPreferredPhone 305-619-4435
ListAgentStateLicense 3306526
ListOfficeAOR Miami Association of REALTORS
ListOfficeEmail Office@1stfloridahomes.com
ListOfficeKey 5899166
ListOfficeKeyNumeric 5899166
ListOfficeMlsId SEFRSVH01
ListOfficeName 1st Florida Homes
ListOfficePhone 954-989-4909
ListingAgreement Exclusive Right To Sell
ListingContractDate 2026-03-26
ListingKeyNumeric 1156245661
ListingTerms Cash, Conventional
LotFeatures Residential Lot
LotSizeArea 7325
MLSAreaMajor 2410
MajorChangeTimestamp 2026-06-06T13:27:18.000-00:00
MajorChangeType Price Change
MapCoordinateSource Imported
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp 2026-08-27T04:55:55.983-00:00
NumberOfBuildings 1
NumberOfUnitsTotal 6
OccupantType Tenant
OnMarketDate 2026-03-26
OnMarketTimestamp 2026-03-26T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-08-26T19:24:03.790-00:00
OriginalEntryTimestamp 2026-03-29T01:21:21.000-00:00
OriginalListPrice 1950000
OriginatingSystemID M00000151
OriginatingSystemKey 563616585
OriginatingSystemListAgentMemberKey 1187969
OriginatingSystemListOfficeKey 1262403
OriginatingSystemModificationTimestamp 2026-08-26T19:24:03.790-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_MIAMI
ParcelNumber 0141160080450
ParkingFeatures Assigned, Other
Permission IDX
PhotosChangeTimestamp 2026-08-27T04:55:55.860-00:00
PhotosCount 31
Possession Close Of Escrow, Negotiable
PostalCity Miami
PostalCodePlus4 3155
PreviousListPrice 1950000
PriceChangeTimestamp 2026-06-06T13:27:18.000-00:00
PropertyCondition Resale
PropertySubTypeAdditional Multi Family
PublicSurveyTownship 1
RoadFrontageType City Street
Roof Tile
SecurityFeatures Smoke Detector(s), Security Fence
Sewer Public Sewer
SourceSystemID TRESTLE
SourceSystemKey 1156245661
SourceSystemName flexmls
StateOrProvince FL
StatusChangeTimestamp 2026-03-26T00:00:00.000-00:00
StoriesTotal 2
StreetDirPrefix SW
StreetName 23rd
StreetNumber 3191
StreetNumberNumeric 3191
StreetSuffix Street
TaxAnnualAmount 17544
TaxLegalDescription MIAMI SUBURBAN AC PB 2-84 W1/2 OF S1/2 LOT 12 BLK 3 LOT SIZE 7325 SQUARE FEET OR 15319-3680 1291 1
TaxYear 2025
TenantPays Electricity
UniversalPropertyId US-12025-N-0141160080450-R-N
VideosChangeTimestamp 2026-08-27T04:55:55.860-00:00
VideosCount 0
WaterSource Public
Zoning 5700