Income-Generating
For Sale
$599,000
3801 NW 23rd Ave, Miami, FL 33142
MULTI_FAMILY - Miami, FL
Property Size1,278 SF
Price / SF$468.70
Days on Market59
Property Features for 3801 NW 23rd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
3151
Bedrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 3
Parking
6
Subdivision
GARDEN CITY
Lot features
< 1/4 Acre
Standard status
Active
APN
30-31-22-008-1260
Size
1,278 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
GARDEN CITY PB 5-73 LOT 17 BLK 6 & 5FT ALLEY LYG E & ADJ CLOSED PER R-1204-87 LOT SIZE 40.000 X 143 OR 14266-2221 0989 4
Tax Annual Amount
5863
Legal Description
GARDEN CITY PB 5-73 LOT 17 BLK 6 & 5FT ALLEY LYG E & ADJ CLOSED PER R-1204-87 LOT SIZE 40.000 X 143 OR 14266-2221 0989 4
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Building Details
Year built
1930
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Flat
Listing Agency:
Real Estate Empire Group, Inc.
(305) 592-1588
Listed By:
Angiolina Ayvar · License #3342937
(786) 366-9388
Added: Jun 3
Changed: Jul 28
Last Checked: Jul 31 at 6:06AM
MLS# A11968486
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 income-generating duplex includes a front unit with 2 bedrooms and 1 bathroom and a back unit with 1 bedroom and an inviting kitchen. The property is supported by recent plumbing work completed in 2021. The front unit has central A/C installed in 2025, while the back unit is equipped with a 2025 mini-split system. For added convenience and potential revenue support, the duplex also offers coin-operated washer and dryer access on-site.
Located in Miami-Dade County at 3801 NW 23rd Ave (33142), the duplex sits on a spacious lot and is positioned on a quiet no-outlet street. The listing notes proximity to major highways and the Design District, which may be helpful for tenant commuting and daily access.
The current configuration makes the property practical for a range of buyers, including investors looking for income from two separate units and owner-occupants who may prefer to live in one unit while renting the other. Tenants are on month-to-month leases, providing flexibility for an ownership change while maintaining occupancy. Ample parking is also described for both tenants and guests, supporting day-to-day livability and ease of access.
Located in Miami-Dade County at 3801 NW 23rd Ave (33142), the duplex sits on a spacious lot and is positioned on a quiet no-outlet street. The listing notes proximity to major highways and the Design District, which may be helpful for tenant commuting and daily access.
The current configuration makes the property practical for a range of buyers, including investors looking for income from two separate units and owner-occupants who may prefer to live in one unit while renting the other. Tenants are on month-to-month leases, providing flexibility for an ownership change while maintaining occupancy. Ample parking is also described for both tenants and guests, supporting day-to-day livability and ease of access.
Key Highlights
- Income‑generating duplex built in 1930 with block construction and flat roof
- Front unit: 2 bedrooms, 1 bathroom; central A/C installed in 2025
- Back unit: 1 bedroom; mini split system installed in 2025
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 | $39.1k | $30.60 |
| − Vacancy | −$2.5k | −$1.95 |
| EGI | $36.6k | $28.65 |
| − OpEx | −$11.0k | −$8.60 |
| NOI | $25.6k | $20.06 |
1,278 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$366.2K
$320.4K – $427.2K
NOI $25,631 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$337.3K
$295.1K – $393.5K
NOI $23,609 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$862.7K
$754.8K – $1.01M
NOI $60,386 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with updated mechanicals and coin-operated laundry, suited for investors or owner-occupants seeking rental flexibility.
Where is this duplex located?
The property is located at 3801 NW 23rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Income‑generating duplex built in 1930 with block construction and flat roof; Front unit: 2 bedrooms, 1 bathroom; central A/C installed in 2025; Back unit: 1 bedroom; mini split system installed in 2025
