Renovated Duplex with Separate
4129 SW 23 Street West Park, FL 33023
New
For Sale
$574,900
MULTI_FAMILY - West Park, FL
Property Size1,321 SF
Price / SF$435.20
Days on Market3
Property Features for 4129 SW 23 Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking
4
Standard status
Active
APN
514219010450
Size
1,321 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CARVER RANCHES 19-2 B LOT 4 BLK 3
Tax Annual Amount
12469
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1954
Floors in Building
1
Flooring type
Parquet Wood, Tile, Hardwood, Wood
Building materials
Block
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Richard Gago · License #3267385
(305) 849-1825
Added: Jul 27
Last Checked: Jul 29 at 1:06AM
MLS# A12015624
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 renovated duplex features two 2-bedroom, 1-bath units. Each unit includes its own laundry room with a complete washer/dryer set. The property is described as updated with impact doors and windows, and it is presented in mint condition.
The duplex is located in West Park, Florida. The remarks indicate proximity to Aventura Mall and other local hotspots, as well as downtown Hollywood, with the beach and airports also noted as close by.
The front unit is currently scheduled to be vacant by the end of August 2026, while the rear unit tenant is leased through March 2027. The property is available for showings by appointment.
The duplex is located in West Park, Florida. The remarks indicate proximity to Aventura Mall and other local hotspots, as well as downtown Hollywood, with the beach and airports also noted as close by.
The front unit is currently scheduled to be vacant by the end of August 2026, while the rear unit tenant is leased through March 2027. The property is available for showings by appointment.
Key Highlights
- Duplex with two 2/1 units (2 bedrooms, 1 bathroom per unit)
- Each unit includes its own laundry room with a complete washer/dryer set
- Currently generating $4,500 in monthly rental income
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 | $33.3k | $25.20 |
| − Vacancy | −$1.8k | −$1.39 |
| EGI | $31.5k | $23.81 |
| − OpEx | −$9.4k | −$7.14 |
| NOI | $22.0k | $16.67 |
1,321 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$314.6K
$275.3K – $367.0K
NOI $22,021 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$290.2K
$254.0K – $338.6K
NOI $20,316 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$670.2K
$586.4K – $781.9K
NOI $46,914 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex offering two 2-bedroom, 1-bath units, each with its own laundry room and washer/dryer set.
Where is this duplex located?
The property is located at 4129 SW 23 Street West Park, FL.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Duplex with two 2/1 units (2 bedrooms, 1 bathroom per unit); Each unit includes its own laundry room with a complete washer/dryer set; Currently generating $4,500 in monthly rental income
