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Newly Constructed 16-Unit Apartment Building
For Sale
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3702 NW 23rd Avenue, Miami, FL 33142

Concrete-block construction delivers new residences in Miami’s Allapattah neighborhood.

Property SizeContact for details
Days on Market12

Property Features for 3702 NW 23rd Avenue

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 16

Building Details

Year Built 2026
Construction concrete block
Listing Agency: Cushman & Wakefield - Miami, Florida
Listed By: Virgilio Fernandez · License #SL3397219
Source: Crexi
Added: Sep 9 Changed: Sep 14 Last Checked: Sep 20 at 9:22AM

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 Cushman & Wakefield - Miami, Florida

Investment Insights

Based on property information with market context.

Completed in 2026, this 16-unit apartment property is built with concrete block and offers a mix of one-bedroom, one-bath and two-bedroom, two-bath residences. The newly constructed improvements provide contemporary multifamily housing within Allapattah, a Miami rental neighborhood positioned near major employment and urban destinations.

The property offers access to the Health District, Wynwood, Downtown, and Civic Center. Residents also have connectivity to Metrorail and major roadways, including SR-112 and I-95. The combination of apartment variety, recent construction, and proximity to established Miami destinations defines the asset’s core physical and locational profile.

Key Highlights

  • 16‑unit multifamily property completed in 2026
  • Concrete‑block construction with newly built improvements
  • Mix of one‑bedroom/one‑bath and two‑bedroom/two‑bath residences

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Electrical Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,394
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Concrete-block construction delivers new residences in Miami’s Allapattah neighborhood.
Where is this apartment building located?
The property is located at 3702 NW 23rd Avenue Miami, FL.
What are key features of this property?
This property features: 16‑unit multifamily property completed in 2026; Concrete‑block construction with newly built improvements; Mix of one‑bedroom/one‑bath and two‑bedroom/two‑bath residences
(305) 613-4507 Call to check price and availability
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