5-Unit Multifamily
2610 NW 23rd Ave Miami, FL 33142
For Sale
$1,250,000
MULTI_FAMILY - Other - Miami, FL
Property Size5,327 SF
Lot Size11,040.00 Acres
Price / SF$234.65
Days on Market170
Property Features for 2610 NW 23rd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 7
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 7, Bathroom 6, Bedroom 4
- Parking
- 6
- Standard status
- Active
- APN
- 01-31-27-026-0370
- Size
- 5,327 SF
- Lot size
- 11,040.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WESTHAVEN PB 6-95 LOT 17 BLK 2 LOT SIZE 5520 SQUARE FEET OR 14149-2878 0689 4 COC 21951-0812 12 2003 2
- Tax Annual Amount
- 12993
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Flooring type
- Tile
- Building materials
- Block
- Architectural style
- Other
Listing Agency:
Julies Realty, LLC
(305) 751-6400
Listed By:
Yilena Mendoza · License #3303361
(786) 442-7626
Added: Feb 6
Changed: Jul 18
Last Checked: Jul 26 at 8:06PM
MLS# A11956823
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes an income-producing 5-unit building on a total of two contiguous lots, with adjacent land parcel A11959678 included under a separate folio. The building consists of four 1-bedroom, 1-bath units and one 4-bedroom, 3-bath unit. Each unit has individual utility meters for water, electricity, and gas.
The property is located at 2610 NW 23rd Ave in Miami’s Allapattah neighborhood. It sits on the NW 27th Avenue corridor, immediately west of the Wynwood Arts District, with access to SR-836, I-95, and the Airport Expressway. The listed adjacent lot is zoned T4-R.
For buyers and operators, the existing rental mix and individually metered utilities support straightforward tenant-by-tenant expense allocation. The included adjacent T4-R zoned land provides space to plan for potential redevelopment or site expansion while retaining the current income-producing structure.
The property is located at 2610 NW 23rd Ave in Miami’s Allapattah neighborhood. It sits on the NW 27th Avenue corridor, immediately west of the Wynwood Arts District, with access to SR-836, I-95, and the Airport Expressway. The listed adjacent lot is zoned T4-R.
For buyers and operators, the existing rental mix and individually metered utilities support straightforward tenant-by-tenant expense allocation. The included adjacent T4-R zoned land provides space to plan for potential redevelopment or site expansion while retaining the current income-producing structure.
Key Highlights
- 5‑unit multifamily building: four 1‑bedroom/1‑bath units plus one 4‑bedroom/3‑bath unit
- Two contiguous lots totaling 11,040 SF, with adjacent parcel A11959678 (separate folio) included
- Zoned T4‑R (per adjacent land parcel A11959678) on NW 27th Avenue corridor
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.8k | $36.00 |
| − Vacancy | −$12.8k | −$2.41 |
| EGI | $178.9k | $33.59 |
| − OpEx | −$80.5k | −$15.11 |
| NOI | $98.4k | $18.47 |
5,327 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,408 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.60M
$3.15M – $4.20M
NOI $251,703 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
FAQs
What type of property is this?
Apartment building - Income-producing 5-unit multifamily property with individual utility meters, offered with contiguous development land.
Where is this apartment building located?
The property is located at 2610 NW 23rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5‑unit multifamily building: four 1‑bedroom/1‑bath units plus one 4‑bedroom/3‑bath unit; Two contiguous lots totaling 11,040 SF, with adjacent parcel A11959678 (separate folio) included; Zoned T4‑R (per adjacent land parcel A11959678) on NW 27th Avenue corridor
