2637 NW 23rd Ct Miami, FL 33142
MULTI_FAMILY - Miami, FL
Property Features for 2637 NW 23rd Ct
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
- Parking
- 6
- Standard status
- Pending
- APN
- 01-31-27-026-0311
- Size
- 2,003 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WESTHAVEN PB 6-95 LOT 10 BLK 2 LOT SIZE 40.000 X 135 COC 26431-2604 06 2008 5
- Tax Annual Amount
- 9426
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Electric, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Shingle
Listing agent Chabelli Gugliatto License #3478950 (305) 793-5833
Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL (954) 545-5583
Listing date Jun 29, 2026
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.
Zoned T4-R, the property allows up to 4 units, with parking for up to 6 vehicles. The duplex is located in the Allapattah area at 2637 NW 23rd Ct, Miami, near Wynwood, the Design District, Brickell, and MIA Airport.
For buyers and investors, the property presents in-place rental income through a duplex configuration, along with clear, supported expansion options tied to the detached structure and available plans. The T4-R zoning and on-site parking capacity further support flexibility for owners looking to develop beyond the current two-unit setup.
Key Highlights
- Income‑producing duplex with triplex potential; both units are currently occupied at $3,400/month total rent
- Duplex unit mix: two 1BR/1BA units plus den space; zoning allows expansion up to 4 units (T4‑R)
- Detached CBS structure with electrical already in place, offering a potential path to add a third unit (architectural plans available)
Local Financial Insights For Multifamily LT 5
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 | $61.3k | $30.60 |
| − Vacancy | −$3.9k | −$1.95 |
| EGI | $57.4k | $28.65 |
| − OpEx | −$17.2k | −$8.60 |
| NOI | $40.2k | $20.06 |
