5-Unit Apartment
For Sale
$1,250,000
2610 NW 23rd Ave, Miami, FL 33142
Residential Income, Miami, FL
Property Size5,327 SF
Lot Size0.25 Acres
Price / SF$234.65
Days on Market89
Property Features for 2610 NW 23rd Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
3900
Bedrooms
7
Full bathrooms
6
Rooms
Bedroom 2, Bathroom 6, Bathroom 5, Bedroom 5, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 1, Bedroom 6, Bathroom 3
Parking
6
Subdivision
WESTHAVEN
Lot features
Flood Zone, 1/4 to 1/2 Acre Lot
Standard status
Active
APN
01-31-27-026-0370
Size
5,327 SF
Lot size
0.25 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
Legal 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
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
CBS (Concrete Block Structure), Block
Architectural style
Other
Listing Agency:
Julies Realty, LLC
(305) 751-6400
Listed By:
Yilena Mendoza · License #3303361
(786) 442-7626
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 14 at 10:06AM
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 5,327-square-foot apartment building dates to 1926 and contains five units: four one-bedroom, one-bath apartments and one four-bedroom, three-bath apartment. Each unit has individual water, electricity, and gas meters. The building has CBS construction, tile flooring, central heating and air conditioning, and access to public sewer.
The sale includes two contiguous lots with a combined area of 11,040 square feet, including an adjacent parcel with a separate folio. The property is zoned T4-R and is located in Miami’s Allapattah neighborhood, along the NW 27th Avenue corridor.
The sale includes two contiguous lots with a combined area of 11,040 square feet, including an adjacent parcel with a separate folio. The property is zoned T4-R and is located in Miami’s Allapattah neighborhood, along the NW 27th Avenue corridor.
Key Highlights
- Five‑unit mix: four 1‑bedroom/1‑bath apartments and one 4‑bedroom/3‑bath apartment
- 5,327‑square‑foot building constructed in 1926
- Two contiguous lots totaling 11,040 square feet, including an adjacent parcel with a separate folio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,408
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,160
$2.0M
Cap Rate 7%
$1,405,829
$1.4M
Cap Rate 9%
$1,093,422
$1.1M
Market Conditions
NOI Build-Up for 5,327 SF
Gross rent
$191.8K $36.00/SF
− Vacancy
−$12.8K −$2.41/SF
EGI
$178.9K $33.59/SF
− OpEx
−$80.5K −$15.11/SF
NOI
$98.4K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,160
Cap Rate 7%
$1,405,829
Cap Rate 9%
$1,093,422
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,665
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments have individual water, electricity, and gas meters, with T4-R zoning and an adjacent parcel included in the sale.
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: Five‑unit mix: four 1‑bedroom/1‑bath apartments and one 4‑bedroom/3‑bath apartment; 5,327‑square‑foot building constructed in 1926; Two contiguous lots totaling 11,040 square feet, including an adjacent parcel with a separate folio
