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$1,950,000

  • For Sale
  • Active
  • Commercial Multi-Family
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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.

Full Property Details for 3191 SW 23rd St

General

  • Price: $1,950,000
  • Taxes: $17,544 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: Greater_Miami
  • MLS ID: A11991115
  • Updated: 3/29/2026
  • Added to Site: 23 day(s) ago

Business

  • Business Type: Residential-Multi-Family

Rental Information

  • Lease/Rent Term: Month To Month

Interior

  • Flooring: Tile

Additional Information

  • Security/Safety: Smoke Detector(s), Security Fence

Parking

  • Parking Features: Additional Spaces Available, Assigned, Other

Location

  • County: Miami-Dade County
  • Driving Directions: Google Maps

Community

  • Units Assoc/Comm: 6

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall/Window Units

Utilities

  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Tile Roof
  • Windows: Complete Panel Shutters/Awnings
  • Stories/Levels: 2
  • Building Size: 4452
  • Current Bldg. Use: Income Non-Waterfront
  • Year Built: 1969

Unit Information

  • Units in Complex: 6

Lot Features

  • Lot Size (Sq. Ft.): 7,325
  • Lot Features: In Residential Area
  • Zoning: 5700

Financial Considerations

  • Tax Amount: $17,544
  • Tax Year: 2025
  • Terms: All Cash, Conventional/Refinance
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: 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
  • Property ID: 01-41-16-008-0450

Listed by 1st Florida Homes

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— 3191 SW 23rd St —

  • 1st Florida Homes

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 3191 SW 23rd St

School District:Dade County School District
NameGradesDistance
Frances S. Tucker Elementary School
3500 Douglas Road, Miami, FL 33133
PK-51.6 mi
Ponce De Leon Middle School
5801 Augusto Street, Coral Gables, FL 33146
6-82.7 mi
Coral Gables Senior High School
450 Bird Road, Coral Gables, FL 33146
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3191 SW 23rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/26/2026
Listed
$1,950,000
314.89%
MLS
4/05/2002
Sold
$470,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3191 SW 23rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,544
10%
$1,269,900
10%
2024
$15,949
5%
$1,152,666
5%
2023
$15,157
32%
$1,095,031
57%
2021
$11,525
-13%
$696,650
-24%
2022
$13,219
15%
$913,961
71%
2021
$11,525
26%
$536,041
39%
2019
$9,147
8%
$385,530
10%
2018
$8,441
6%
$350,482
-30%
2017
$8,000
13%
$497,372
72%
2016
$7,109
5%
$289,655
10%
2015
$6,766
19%
$263,323
10%
2014
$5,704
16%
$239,385
10%
2013
$4,929
—
$217,623
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3191 SW 23rd St, Miami, FL 33145 (MLS# A11991115) is a Commercial Multi-Family property. 3191 SW 23rd St is currently listed for $1,950,000 and was received on March 26, 2026. Want to learn more about 3191 SW 23rd St? Do you have questions about finding other Commercial Multi-Family real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.

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