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    Miami Multifamily Investment Opportunity Title is generated by Realmo AI

    3191 SW 23rd St, Miami, FL 33145

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    Six-unit multifamily property in Miami with value-add potential.

    Type:Commercial
    Lot size:
    0.17 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    55
    Last Refresh:
    Mar 30 at 4:16 am

    Property Features for 3191 SW 23rd St

    General Information

    Standard status
    Active
    Lot size
    0.17 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Hillevi Simon

    Listing agent Hillevi Simon License #3306526

    Listing office Roger Portaro

    Listing date Apr 15, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Roger Portaro

    HighLights

    • Prime multifamily investment opportunity in a high‑demand Miami location.
    • Fully occupied with long‑term tenants, providing stable in‑place income.
    • Significant value‑add potential through rent repositioning (current rents below market).
    • Recent capital improvements: updated electrical panels, completed 40‑year recertification, and hurricane shutters.
    • Minutes from Coral Gables, Coconut Grove, and Downtown Miami.
    • Ample on‑site parking with additional street parking.

    Overview

    This six-unit multifamily property presents an investment opportunity in Miami, situated minutes from Coral Gables, Coconut Grove, and Downtown. The property, located on a 7,325 square foot lot, features a mix of two-bedroom, one-bath and one-bedroom, one-bath units. The property is fully occupied with long-term tenants, providing in-place income. Current rents are below market, suggesting potential for increased value through rent repositioning. Recent capital improvements include updated electrical panels, completion of the 40-year recertification, and installation of hurricane shutters. On-site parking is available, supplemented by street parking. The location provides access to major roadways, employment centers, and Miami International Airport. The property has a walk score of 90, indicating it is a 'Walker's Paradise'. The bike score is 59, indicating it is 'Bikeable'. The transit score is 47, indicating 'Some Transit' is available.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.245927
    Latitude
    25.748544

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in Miami with value-add potential.
    Where is this apartment building located?
    The property is located at 3191 SW 23rd St Miami, FL.
    What are key features of this property?
    This property features: Prime multifamily investment opportunity in a high‑demand Miami location.; Fully occupied with long‑term tenants, providing stable in‑place income.; Significant value‑add potential through rent repositioning (current rents below market).
    (305) 619-4435
    We can help!
    Listing Contact
    Hillevi Simon
    Real Estate License ID: 3306526
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